Athelas
Series C+Raised Since FeaturedAI for modern healthcare
AI-driven platform providing revenue cycle management, EHR, and ambient AI to grow healthcare businesses.
About
Athelas builds AI-powered healthcare infrastructure that helps medical practices grow their business. The platform combines revenue cycle management (RCM), an AI-native electronic health record (Air EHR), and ambient AI for clinical documentation into a single integrated system. Founded in 2016 by Tanay Tandon and Deepika Bodapati — who started the company as a science fair project in high school — Athelas originally built an FDA-cleared at-home blood diagnostic device for remote patient monitoring. The company graduated from Y Combinator (S16) and rapidly expanded into healthcare software, hitting unicorn status in 2022 with a $1.5B valuation after raising $132M. In 2023, Athelas merged with Commure to create a combined healthcare infrastructure company valued at $6B, with Tandon serving as CEO. The merged entity has since grown to $105M ARR (150% YoY growth) and raised an additional $200M from General Catalyst. Today, the platform processes billions of dollars in claims and manages millions of appointments across its customer base.
DailyDropout Take
Athelas was a textbook DailyDropout pick — two college-age founders who turned a high school science fair project into a unicorn. What started as an at-home blood diagnostic device evolved into a full-stack healthcare infrastructure platform. Their merger with Commure at a combined $6B valuation and 150% revenue growth validated the thesis that healthcare's biggest opportunity isn't flashy consumer apps, but the unsexy plumbing that powers modern medical practices.
Discovery signal: Unusually young founding team with deep technical chops (Stanford CS + molecular imaging), FDA-cleared hardware product, rapid pivot to software with strong revenue growth
What Makes Them Unique
Athelas uniquely combines RCM, EHR, and ambient AI into a single integrated platform purpose-built for growing healthcare practices — eliminating the need to stitch together separate vendors for billing, clinical documentation, and patient management.
$105M
ARR
150%
YoY Revenue Growth
$6B (combined)
Valuation
1000+
Team Size
Target Markets
Founders
Tanay Tandon
Co-Founder & CEO
Stanford CS graduate and former Google PM. Co-founded Athelas from a high school science fair project. Now CEO of the combined Athelas/Commure entity valued at $6B.
Deepika Bodapati
Co-Founder & COO
Co-founded Athelas with Tanay Tandon. Background in molecular imaging research at Stanford. Leads operations for the healthcare platform.
Key People
Previously: Athelas/Commure founding team
Athelas is hiring!
Team size: 1000+
Funding History
Lead: Y Combinator
Lead: Sequoia Capital
Lead: General Catalyst & Tribe Capital
Lead: General Catalyst
Investors
Firms
Individual Investors
Investor & Author