About AKASA
AKASA is a company based in San Francisco (United States) founded in 2018 by Ben Beadle Ryby, Andy Atwal, Malinka Walaliyadde, and Varun Ganapathi.. AKASA has raised $80 million across 2 funding rounds from investors including Andreessen Horowitz, BOND and Costanoa. The company has 46 employees as of December 31, 2022. AKASA offers products and services including AKASA Platform, Authorization Advisor, Medical Coding, and Claim Status. AKASA operates in a competitive market with competitors including iMedX, Xifin, Infinx, Plusgrade and R1 RCM, among others.
- Headquarter San Francisco, United States
- Employees 46 as on 31 Dec, 2022
- Founders Ben Beadle Ryby, Andy Atwal, Malinka Walaliyadde, Varun Ganapathi
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Sectors
HealthcareTechnology
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Email
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$80 M (USD)
in 2 rounds
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Latest Funding Round
$60 M (USD), Series B
Mar 23, 2021
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Investors
Andreessen Horowitz
& 3 more
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Employee Count
46
as on Dec 31, 2022
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Products & Services of AKASA
AKASA offers a comprehensive portfolio of products and services, including AKASA Platform, Authorization Advisor, Medical Coding, and Claim Status. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Generative AI for healthcare revenue cycle management
AI assistant for patient access teams
GenAI for accurate medical coding recommendations
Automated tracking of claim status information
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Funding Insights of AKASA
AKASA has successfully raised a total of $80M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $60 million completed in March 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series B — $60.0M
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First Round
First Round
(10 Jun 2020)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2021 | Amount | Series B - AKASA | Valuation | Bond Capital | |
| Jun, 2020 | Amount | Series A - AKASA | Valuation | a16z |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in AKASA
AKASA has secured backing from 4 investors, including venture fund and angel investors. Prominent investors backing the company include Andreessen Horowitz, BOND and Costanoa. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Founded Year | Domain | Location | |
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Investments in multiple sectors are made by Bond Capital.
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Founded Year | Domain | Location | |
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Venture capital firm focused on early stage fintech, data, AI, and security companies
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by AKASA
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - AKASA
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Akasa Comparisons
Competitors of AKASA
AKASA operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as iMedX, Xifin, Infinx, Plusgrade and R1 RCM, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Revenue cycle management platform is provided to healthcare providers.
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| domain | founded_year | HQ Location |
Cloud-based billing & revenue cycle management solutions for diagnostic service providers
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| domain | founded_year | HQ Location |
Revenue cycle management platform for healthcare is provided.
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| domain | founded_year | HQ Location |
SaaS revenue management solutions are offered to airlines for optimization.
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| domain | founded_year | HQ Location |
End-to-end revenue cycle management is provided for healthcare organizations.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Akasa
Frequently Asked Questions about AKASA
When was AKASA founded?
AKASA was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is AKASA located?
AKASA is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of AKASA?
Malinka Walaliyadde is the current CEO of AKASA. They have also founded this company.
Is AKASA a funded company?
AKASA is a funded company, having raised a total of $80M across 2 funding rounds to date. The company's 1st funding round was a Series A of $20M, raised on Jun 10, 2020.
How many employees does AKASA have?
As of Dec 31, 2022, the latest employee count at AKASA is 46.
What does AKASA do?
AKASA was founded in 2018 and is headquartered in San Francisco, United States. Automation solutions for revenue cycle management in the healthcare sector are developed and offered. Existing workflows are evaluated to identify key steps and decision points, enabling more accurate performance of reimbursement activities. The Unified Automation platform is designed to facilitate faster collection of reimbursements at reduced costs for organizations.
What products or services does AKASA offer?
AKASA offers AKASA Platform, Authorization Advisor, Medical Coding, and Claim Status.
Who are AKASA's investors?
AKASA has 4 investors. Key investors include Andreessen Horowitz, BOND, Costanoa, and Jim Momtazee.
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