About Semantic Health
Semantic Health is a company based in Toronto (Canada) founded in 2019 by Nicola Sahar and Hassan W Bhatti was acquired by AAPC in November 2023.. Semantic Health has raised $3.3 million across 1 funding round from investors including AAPC, Wayfinder Ventures and DCVC. The company has 21 employees as of December 31, 2024. Semantic Health offers products and services including Semantic Health Information Platform and Concurrent Coding Tool. Semantic Health operates in a competitive market with competitors including Fathom, Nelly, Inbox Health, Nym and KAID, among others.
- Headquarter Toronto, Canada
- Employees 21 as on 31 Dec, 2024
- Founders Nicola Sahar, Hassan W Bhatti
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Sectors
Healthcare
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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 Semantic Health Inc.
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Products & Services of Semantic Health
Semantic Health offers a comprehensive portfolio of products and services, including Semantic Health Information Platform and Concurrent Coding Tool. 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.
Platform for AI-powered medical coding and auditing processes.
Tool that automates code suggestions and data quality reviews.
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Funding Insights of Semantic Health
Semantic Health has successfully raised a total of $3.3M through 1 strategic funding round. The most recent funding activity was a Seed round of $3.3 million completed in June 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 1
- Last Round Seed — $3.3M
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First Round
First Round
(24 Jun 2021)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2021 | Amount | Seed - Semantic Health | Valuation | DCVC |
| 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 |
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Investors in Semantic Health
Semantic Health has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include AAPC, Wayfinder Ventures and DCVC. 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 firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Early-stage venture capital is provided by Preface Ventures.
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Founded Year | Domain | Location | |
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Venture capital fund focused on seed-stage investment in multiple 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 Semantic Health
| 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 - Semantic Health
| 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 |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Semantic Health Comparisons
Competitors of Semantic Health
Semantic Health 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 Fathom, Nelly, Inbox Health, Nym 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 |
AI-based software for medical coding and PHI de-identification is provided.
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| 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 |
AI and SaaS-based software for healthcare care coordination is developed.
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| domain | founded_year | HQ Location |
Provider of a SaaS and AI medical billing platform for healthcare professionals and 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 Semantic Health
Frequently Asked Questions about Semantic Health
When was Semantic Health founded?
Semantic Health was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is Semantic Health located?
Semantic Health is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Who is the current CEO of Semantic Health?
Nicola Sahar is the current CEO of Semantic Health. They have also founded this company.
Is Semantic Health a funded company?
Semantic Health is a funded company, having raised a total of $3.3M across 1 funding round to date. The company's 1st funding round was a Seed of $3.3M, raised on Jun 24, 2021.
How many employees does Semantic Health have?
As of Dec 31, 2024, the latest employee count at Semantic Health is 21.
What does Semantic Health do?
Semantic Health was founded in 2019 in Toronto, Canada, within the healthcare technology sector. An AI-driven platform is offered to support medical coders and auditors in reviewing clinical documentation. Revenue cycle management is facilitated through analysis of clinical notes, alongside clinical decision support. Reporting optimization, reimbursement processes, and operational efficiencies are addressed for healthcare providers.
Who are the top competitors of Semantic Health?
What products or services does Semantic Health offer?
Semantic Health offers Semantic Health Information Platform and Concurrent Coding Tool.
Who are Semantic Health's investors?
Semantic Health has 6 investors. Key investors include AAPC, Wayfinder Ventures, DCVC, Preface Ventures, and Liquid 2 Ventures.