About Lyric.ai
Lyric.ai is a Financial Services company based in King Of Prussia (United States) founded in 2017. Lyric.ai is focused on AI-driven healthcare payment integrity solutions. It operates on a AI-as-a-Service and HealthTech model. 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. Its chief executive, as recorded, is Rajeev Ronanki. Its website lyric.ai draws about 14 thousand monthly visits. Lyric.ai offers products and services including Lyric42 Platform, LyricIQ, Replay, Pre-Pay Editing, and Diagnostics Module. Its focus areas include Healthcare, Health Technology, Payment Integrity Solutions and Technology. Its competitors include Resolve Advocates, Rawlings Group and Certifi; 1 of its 3 listed competitors has raised funding.
Company details
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.
- Total Equity Funding$90.9M (USD)
in 1 rounds
- Latest Funding Round$90.9M (USD), Series C
Aug 2023
- Investments & AcquisitionsClaimShark
& 1 more
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.
Apps and channels of Lyric.ai
its YouTube channel Lyric has 13 subscribers and 4 videos.
Videos from Lyric.ai
The most watched videos on Lyric.ai's YouTube channel, Lyric (13 subscribers). Click a video to play it here.
More on Lyric.
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.
- Total Funding $90.9M
- Total Rounds 1
- Last Round Series C — $90.9M
- First Round $90.9M
(Aug 2023)
- Investors Count 1
All 1 funding rounds of Lyric.ai with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2023 | $90.9M | Series C | – | – |
1 investors in total: 1 institutional.
Investors in Lyric.ai
Lyric.ai has secured backing from 1 investor. Prominent investors backing the company include Symphony Ventures,.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investor details for Lyric.ai
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People of Lyric.ai
75 people are tracked at Lyric.ai (38 in leadership, 37 in team).
| Name | Role | Group |
|---|---|---|
Rajeev Ronanki | CEO | Leadership |
Mike Spellman | Sr Director, Business Consulting And Solution Design | Leadership |
Trish Kozola | Director Of Customer Success | Leadership |
Carlos Sanchez | Director, GRC | Leadership |
David Sockel | Vice President, Sales And Account Management | Leadership |
Daniel Kent | Product Director At Lyric | Leadership |
Wesley Cao | Director Of Product Management, Platform | Leadership |
Elyse Sikora | Chief Sales Officer | Leadership |
Rachel Stone | Vice President Finance | Leadership |
Maureen Bevis | Vp, Controller | Leadership |
Subhanshu Gupta | Executive Director | Leadership |
Roger Pricer | Chief Commercial Officer (cco) | Leadership |
Gabriela Jedrzejewska | Human Resources Business Partner | Leadership |
Crystal Liu | Director, Partner Product & Business Continuity | Leadership |
Ronika Jandial-Gilbert | Vice President Human Resources | Leadership |
Jazmin Schroeder | Director Of Engineering | Leadership |
Jan Sbarbaro | Chief Legal Officer And General Counsel | Leadership |
Kevin Heineman | Chief Information Security Officer | Leadership |
Jeff Fix | Chief Human Resources Officer | Leadership |
Alex Ulyanov | VP Of Engineering, Head Of Platform Enginering | Leadership |
55 more people are available in the full profile.
Complete people profiles for Lyric.ai
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Payment accuracy solutions are provided for laboratory diagnostics and therapies. | concert.co | Franklin, United States | 2010 | Jul 2026 | •••• | |
Cloud-based payment solutions are provided for healthcare claims processing. | claimshark.com | El Segundo, United States | 2015 | Apr 2025 | •••• |
Complete acquisition details for Lyric.ai
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Timeline of Lyric.ai
4 dated milestones of Lyric.ai across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Lyric.ai is founded.
- Funding First funding round of $90.9M.
- Acquisition Acquires ClaimShark.
- Acquisition Acquires Concert.
Competitors of Lyric.ai
Lyric.ai has 3 listed competitors in our database, 1 of them funded. They include Resolve Advocates, Rawlings Group and Certifi.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| resolvemedicalbills.com | 2019 | Hanover, United States | $3.63M | Insurance claims are processed by Resolve Advocates for medical bills. | ||
| rawlingsgroup.com | 1977 | La Grange, United States | 1,442 | Healthcare payment integrity and subrogation services are provided for businesses. | ||
| certifi.com | 2003 | Eden Prairie, United States | 33 | Automated billing and payments platform is provided for businesses. |
Detailed competitors of Lyric.ai
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Web traffic of Lyric.ai
The website of Lyric.ai (lyric.ai) receives about 14.2K visits a month.
- Monthly visits14.2K
▼ 16.9% vs previous month
Top companies in Insurance Technology & Support Services
3 companies that operate in the same segment as Lyric.ai (Insurance Technology & Support Services) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based platform for property and casualty insurance is provided. | 2001 | San Mateo, California, United States | USD 1.48 B | 226 | ||
Claims administration, loss adjusting, and benefits management services are provided. | 1969 | Memphis, Tennessee, United States | USD 2.63 M | |||
Online property and casualty insurance is provided for businesses. | 2017 | San Francisco, California, United States | USD 800 M | 699 |
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Related news about 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 CEO of Lyric.ai, as recorded in our data.
Lyric.ai is a funded company, having raised a total of $90.9M across 1 funding round to date. The company's 1st funding round was a Series C of $90.9M, raised on Aug 2023.
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,.