Semantic Health

Toronto, Canada Founded: 2019 • Age: 7 yrs Acquired By AAPC
AI-based medical billing solutions are provided for healthcare professionals.
Annual revenue - Latest available
Total funding $3.3M 1 rounds
Employees 21 Tracked headcount
Investors 6 Known backers
Products 2 Services tracked
Competitors 9 Brand Intelligence

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
  • Sectors
    Healthcare
  • Email
    Locked
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
  • Legal Name Semantic Health Inc.
Operational Areas
Healthcare → Health Technology & Digital Health Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $3.3 M (USD)

    in 1 rounds

  • Latest Funding Round
    $3.3 M (USD), Seed

    Jun 24, 2021

  • Investors
    AAPC

    & 5 more

  • Employee Count
    21

    as on Dec 31, 2024

  • Acquired by
    AAPC

    (Nov 16, 2023)

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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.

Product name locked
Category locked
Primary

Platform for AI-powered medical coding and auditing processes.

Product name locked
Category locked
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Tool that automates code suggestions and data quality reviews.

People of Semantic Health

Headcount 10-50
Employee Profiles 14
Employee Profiles
People
Igor Pontes
Machine Learning Engineer
People
Ali Zaman
Head Of Engineering
People
Kai Wang
Machine Learning Team Lead
People
Nicola Sahar, MD
Co-Founder & CEO

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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.

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.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
Venture capital firm focused on multiple sectors
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Early-stage venture capital is provided by Preface Ventures.
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Venture capital fund focused on seed-stage investment in multiple sectors
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Investor details for Semantic Health

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Investments & Acquisitions by Semantic Health

Investments
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Investment portfolio details for Semantic Health

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Financial Statements - Semantic Health

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Detailed financials for Semantic Health

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Semantic Health Comparisons

Semantic Health Primary company
Description
AI-based medical billing solutions are provided for healthca...
Location
Toronto, Canada
Founded Year
2019
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
21
As of 2024
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Peer comparison for Semantic Health

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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.

Company Name Domain Founded year HQ Location Description
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AI-based software for medical coding and PHI de-identification is provided.
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Digital administrative tasks and billing management tools for providers
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Cloud-based medical billing and payment management solution for healthcare companies
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Nym is focused on autonomous medical coding solutions for healthcare.
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AI and SaaS-based software for healthcare care coordination is developed.
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Provider of a SaaS and AI medical billing platform for healthcare professionals and organizations
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Detailed competitors of Semantic Health

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Latest news on Semantic Health

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Complete news archive for Semantic Health

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Frequently Asked Questions about Semantic Health

Semantic Health was founded in 2019 and raised its 1st funding round 2 years after it was founded.

Semantic Health is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.

Nicola Sahar is the current CEO of Semantic Health. They have also founded this company.

Semantic Health is a funded company, having raised a total of $3.3M across 1 funding round to date.

As of Dec 31, 2024, the latest employee count at Semantic Health is 21.

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.

Semantic Health's top competitors include Nelly, Nym and Fathom.

Semantic Health offers Semantic Health Information Platform and Concurrent Coding Tool.

Semantic Health has 6 investors. Key investors include AAPC, Wayfinder Ventures, DCVC, Preface Ventures, and Liquid 2 Ventures.

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