About Nym
Nym is a company based in New York (United States) founded in 2017. It operates as a AI-as-a-Service. Nym has raised $94.5 million across 4 funding rounds from investors including Bessemer Venture Partners, Lightspeed Venture Partners and PSG Equity. Nym offers products and services including Autonomous Medical Coding Engine. Nym operates in a competitive market with competitors including R1 RCM, LOGEX, AKASA, RateGain and XSOLIS, among others.
- Headquarter New York, United States
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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 Nym Health Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$94.5 M (USD)
in 4 rounds
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Latest Funding Round
$47 M (USD), Series C
Oct 01, 2024
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Investors
Bessemer Venture Partners
& 9 more
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Employee Count
Employee Count
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Products & Services of Nym
Nym offers a comprehensive portfolio of products and services, including Autonomous Medical Coding Engine. 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 levels.
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Funding Insights of Nym
Nym has successfully raised a total of $94.5M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $47 million completed in October 2024. 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 4
- Last Round Series C — $47.0M
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First Round
First Round
(12 Jun 2019)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Series C - Nym | Valuation | PSG | |
| Jul, 2021 | Amount | Series B - Nym | Valuation | Addition | |
| Oct, 2020 | Amount | Series A - Nym | Valuation | Google Ventures |
| 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 Nym
Nym has secured backing from 10 investors, including venture fund and angel investors. Prominent investors backing the company include Bessemer Venture Partners, Lightspeed Venture Partners and PSG Equity. 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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Capital and operational support are provided to growth-stage software companies.
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Corporate backed venture capital fund investing in multiple sectors
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Investments are made in early and growth-stage technology startups.
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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 Nym
| 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 - Nym
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Nym Comparisons
Competitors of Nym
Nym 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 R1 RCM, LOGEX, AKASA, RateGain and XSOLIS, 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 |
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| domain | founded_year | HQ Location |
End-to-end revenue cycle management is provided for healthcare organizations.
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| domain | founded_year | HQ Location |
Healthcare financial management solutions are developed for institutions and physicians.
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| domain | founded_year | HQ Location |
Revenue cycle automation platforms are provided for healthcare reimbursement.
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| domain | founded_year | HQ Location |
SaaS solutions for hospitality revenue and operations management are delivered.
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| domain | founded_year | HQ Location |
AI-based platform for physicians and payers to analyze denial management
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| domain | founded_year | HQ Location |
SaaS revenue management solutions are offered to airlines for optimization.
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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 Nym
Frequently Asked Questions about Nym
When was Nym founded?
Nym was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is Nym located?
Nym is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Nym?
Or Peles is the current CEO of Nym.
Is Nym a funded company?
Nym is a funded company, having raised a total of $94.5M across 4 funding rounds to date. The company's 1st funding round was a Series A of $16.5M, raised on Jun 12, 2019.
What does Nym do?
Nym is engaged in providing autonomous medical coding solutions for health systems and physician groups. The company operates within the healthcare technology sector, offering a specialized engine that deciphers clinical language in patient charts to assign medical codes with high accuracy. Solutions are designed to reduce coding costs, accelerate billing processes, and improve revenue capture while supporting medical coding teams. Implementation of innovative Clinical Language Understanding (CLU) technology ensures over 95 percent accuracy and transparent audit trails.
What products or services does Nym offer?
Nym offers Autonomous Medical Coding Engine.
Who are Nym's investors?
Nym has 10 investors. Key investors include Bessemer Venture Partners, Lightspeed Venture Partners, PSG Equity, Google Ventures, and Addition.
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