About Lyric.ai
Lyric.ai is a company based in King Of Prussia (United States) founded in 2017. It operates as a AI-as-a-Service and HealthTech. Lyric.ai has raised $90.9 million across 1 funding round from investors including Symphony Ventures,. Lyric.ai has completed 2 acquisitions, including ClaimShark and Concert. Lyric.ai offers products and services including Lyric42 Platform, LyricIQ, Replay, Pre-Pay Editing, and Diagnostics Module. Lyric.ai operates in a competitive market with competitors including Resolve Advocates, Rawlings Group, Certifi, BillDME and Insurtech Utah, among others.
- Headquarter King Of Prussia, United States
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Sectors
Financial Services
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Phone
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Website
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$90.9 M (USD)
in 1 rounds
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Latest Funding Round
$90.9 M (USD), Series C
Aug 09, 2023
- Investors
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Employee Count
Not available
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Investments & Acquisitions
ClaimShark
& 1 more
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Products & Services of Lyric.ai
Lyric.ai offers a comprehensive portfolio of products and services, including Lyric42 Platform, LyricIQ, Replay, Pre-Pay Editing, and Diagnostics Module.
Integrated platform for multi-vendor healthcare payment solutions.
AI-powered service for efficient payment accuracy analysis.
AI-driven audit solution for internal team scaling.
Solution enhancing payment accuracy with secondary edits.
Tool for accurate genetic and laboratory test payments.
People of Lyric.ai
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Leadership Team
16 people
Software Development Team
15 people
Product Management Team
10 people
Sales and Marketing
7 people
Senior Team
6 people
Legal and Compliance
4 people
Human Resources and Administration
4 people
Finance and Accounting
3 people
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Funding Insights of Lyric.ai
Lyric.ai has successfully raised a total of $90.9M through 1 strategic funding round. The most recent funding activity was a Series C round of $90.9 million completed in August 2023. 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.
Investors in Lyric.ai
Lyric.ai has secured backing from 1 investor. Prominent investors backing the company include Symphony Ventures,.
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Investor details for Lyric.ai
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Investments & Acquisitions by Lyric.ai
Lyric.ai has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include ClaimShark and Concert.
Investment portfolio details for Lyric.ai
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Cloud-based payment solutions are provided for healthcare claims processing.
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Payment accuracy solutions are provided for laboratory diagnostics and therapies.
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Complete acquisition details for Lyric.ai
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Financial Statements - Lyric.ai
Detailed financials for Lyric.ai
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- Profit trends
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Lyric.Ai Comparisons
Peer comparison for Lyric.ai
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Competitors of Lyric.ai
Lyric.ai 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 Resolve Advocates, Rawlings Group, Certifi, BillDME and Insurtech Utah, among others.
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Insurance claims are processed by Resolve Advocates for medical bills.
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Healthcare payment integrity and subrogation services are provided for businesses.
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Automated billing and payments platform is provided for businesses.
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Streamlines DME insurance collections and billing for medical equipment providers.
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Advances insurance tech through collaboration, tools, and networking events in Utah.
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Provider of post-payment recovery services
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Detailed competitors of Lyric.ai
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Latest news on Lyric.Ai
Complete news archive for Lyric.ai
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Frequently Asked Questions about Lyric.ai
Lyric.ai was founded in 2017 and raised its 1st funding round 6 years after it was founded.
Lyric.ai is headquartered in King Of Prussia, United States. It is registered at King Of Prussia, Pennsylvania, United States.
Rajeev Ronanki is the current CEO of Lyric.ai.
Lyric.ai is a funded company, having raised a total of $90.9M across 1 funding round to date.
Lyric.ai is engaged in providing advanced AI-driven solutions for payment integrity in the healthcare sector. The company operates at the intersection of healthcare and fintech, delivering technologies that simplify payment processes for health plans and providers. Solutions such as Lyric42 Platform, LyricIQ, and Replay are developed to enhance accuracy and efficiency in claims management. With over 30 years of expertise, formerly as ClaimsXten, Lyric.ai is committed to evolving its offerings to meet industry needs and support value-based care initiatives.
Lyric.ai's top competitors include Rawlings Group, Certifi and Resolve Advocates.
Lyric.ai offers Lyric42 Platform, LyricIQ, Replay, Pre-Pay Editing, and Diagnostics Module.
Lyric.ai has made 2 acquisitions, including ClaimShark, and Concert.
Lyric.ai has 1 investor. Key investors include Symphony Ventures,.