About Fathom
Fathom is a company based in San Francisco (United States) founded in 2017 by Andrew Lockhart and Christopher Bockman. It operates as a AI-as-a-Service, Managed Services, and HealthTech. Fathom has raised $46.3 million across 3 funding rounds from investors including Cedars Sinai, Lightspeed Venture Partners and Alkeon Capital Management. Fathom offers products and services including Autonomous Medical Coding, Real-Time Audit, and Backlog Processing. Fathom operates in a competitive market with competitors including Nelly, Inbox Health, Nym, GridX and KAID, among others.
- Headquarter San Francisco, United States
- Founders Andrew Lockhart, Christopher Bockman
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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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- Legal Name Fathom, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$46.3 M (USD)
in 3 rounds
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Latest Funding Round
$46.3 M (USD), Series B
Nov 09, 2022
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Investors
Cedars Sinai
& 8 more
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Employee Count
Employee Count
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Products & Services of Fathom
Fathom offers a comprehensive portfolio of products and services, including Autonomous Medical Coding, Real-Time Audit, and Backlog Processing. 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.
Medical coding is automated with high accuracy daily.
Coding errors are reviewed and flagged for correction.
On-demand coding capacity is provided for backlog challenges.
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Funding Insights of Fathom
Fathom has successfully raised a total of $46.3M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $46.3 million completed in November 2022. 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 3
- Last Round Series B — $46.3M
- First Round First Round
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2022 | Amount | Series B - Fathom | Valuation | Alkeon Capital Management , Lightspeed Venture Partners | |
| Apr, 2022 | Amount | Seed - Fathom | Valuation | Inflect Health |
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| Feb, 2021 | Amount | Seed - Fathom | Valuation | Cedars-Sinai Accelerator |
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| 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 Fathom
Fathom has secured backing from 9 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Cedars Sinai, Lightspeed Venture Partners and Alkeon Capital Management. 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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VC fund focused on equity markets
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Founded Year | Domain | Location | |
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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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Founded Year | Domain | Location | |
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Venture capital investments in technology and defense sectors.
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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 Fathom
| 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 - Fathom
| 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 |
Fathom Comparisons
Competitors of Fathom
Fathom 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 Nelly, Inbox Health, Nym, GridX and KAID, 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 |
Digital administrative tasks and billing management tools for providers
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| domain | founded_year | HQ Location |
Cloud-based medical billing and payment management solution for healthcare companies
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| domain | founded_year | HQ Location |
Nym is focused on autonomous medical coding solutions for healthcare.
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| domain | founded_year | HQ Location |
Meter billing solutions are delivered through a cloud-based platform.
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| domain | founded_year | HQ Location |
AI and SaaS-based software for healthcare care coordination is developed.
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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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Frequently Asked Questions about Fathom
When was Fathom founded?
Fathom was founded in 2017 and raised its 1st funding round 4 years after it was founded.
Where is Fathom located?
Fathom is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Fathom?
Andrew Lockhart is the current CEO of Fathom. They have also founded this company.
Is Fathom a funded company?
Fathom is a funded company, having raised a total of $46.3M across 3 funding rounds to date.
What does Fathom do?
Fathom is engaged in providing autonomous medical coding solutions using AI technology. The company operates within the healthcare sector, targeting revenue cycle operations for leading organizations. Solutions offered include production coding with up to 90 automation, backlog processing for staffing challenges, and real-time audit capabilities to ensure accuracy. Fathoms technology is designed to reduce costs by up to 50, improve speed, and minimize audit risks across thousands of provider sites.
What products or services does Fathom offer?
Fathom offers Autonomous Medical Coding, Real-Time Audit, and Backlog Processing.
Who are Fathom's investors?
Fathom has 9 investors. Key investors include Cedars Sinai, Lightspeed Venture Partners, Alkeon Capital Management, ApolloMD, and Inflect Health.
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