About Talix
Talix is a Technology company based in San Francisco (United States) founded in 2015, and was acquired by Edifecs in September 2021. Cloud and AI based analytics platform that provides healthcare risk adjustment solutions. It operates in the Technology, Industrial Goods & Manufacturing, and Financial Services sectors. Talix has raised $18.5 million across 3 funding rounds from investors including Edifecs, Blue Cross and Blue Shield of Minnesota and Summit Partners. The company has 59 employees. The company was acqui-hired. Talix offers products and services including EDI Gateway, FHIR Gateway, and Healthcare Cloud. Its focus areas include High Tech, Natural Language Processing, Industry Specific Applications and HealthTech. Its legal entity is TALIX, INC. Its competitors include Signifyd, Apixio and ThreatMetrix; 3 of its 3 listed competitors have raised funding.
Company details
Talix was founded in 2015 in San Francisco, United States, within the healthcare analytics sector. A cloud and AI-based platform, known as the HealthData Engine, is operated to deliver risk management solutions for provider organizations, health plans, and ACOs. Patient data from EMRs is analyzed using medical taxonomy, clinical NLP, and coding rules to generate insights on coding accuracy, patient outcomes, risk scores, and cost efficiencies.
Products & Services of Talix
Talix offers a comprehensive portfolio of products and services, including EDI Gateway, FHIR Gateway, and Healthcare Cloud.
Manages electronic data interchange for healthcare transactions
Facilitates FHIR-based data sharing and compliance
Integrates and automates healthcare operations for efficiency
Funding Insights of Talix
Talix has successfully raised a total of $18.5M across 3 strategic funding rounds. 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 $18.5M
- Total Rounds 3
- First Round $14M
(Jan 2016)
- Investors Count 6
All 3 funding rounds of Talix 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 |
|---|---|---|---|---|---|
| May 2018 | Series A | – | – | ||
| Apr 2018 | $4.5M | Series A | – | – | – |
| Jan 2016 | $14M | Series A | – | Summit Partners |
7 investors in total: 3 institutional and 4 angel.
Investors in Talix
Talix has secured backing from 7 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Edifecs, Blue Cross and Blue Shield of Minnesota and Summit Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Summit Partners is recognized as a growth equity investment firm. | summitpartners.com | Boston, United States | ||
Provides health insurance services to individuals and families. | 1998 | bluecrossmn.com | Eagan, United States | |
RD Richard D Harroch | Venture capitalist, angel investor, and author with extensive startup experience. | unknown_4163ea4f5b324f719 | ||
PD Phil Dur | unknown_a515a1db23e74acaa | |||
KB Kevin Brown | Angel investor in Indian startups, focus on tech and innovation. | unknown_47e5c71e0bfb420db | ||
MB Mike Barber | unknown_9d92696d14be4eb3b | |||
Healthcare IT solutions are provided for organizations worldwide. | 1996 | edifecs.com | Bellevue, United States |
Investor details for Talix
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Timeline of Talix
4 dated milestones of Talix across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Talix is founded.
- Funding First funding round of $14.0M.
- Funding Latest funding round, Series A,.
- Exit Acquired by Edifecs.
Competitors of Talix
Talix has 3 listed competitors in our database, 3 of them funded. They include Signifyd, Apixio and ThreatMetrix.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| signifyd.com | 2011 | Palo Alto, United States | $394.38M | 399 | Provider of fraud prevention and payment validation for online retailers | |
| apixio.com | 2009 | San Mateo, United States | $49.38M | 41 | Providing solutions for healthcare organization by optimizing costs and outcomes. | |
| threatmetrix.com | 2005 | San Jose, United States | $56.35M | 150 | Fraud prevention and context based authentication solution |
Detailed competitors of Talix
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Top companies in GRC, Risk & Compliance Software
3 companies that operate in the same segment as Talix (GRC, Risk & Compliance Software) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Platform that provides data analysis and management solutions | 2003 | Denver, Colorado, United States | USD 2.46 B | USD 2.87 B | 5,915 | |
Cybersecurity and zero trust solutions are delivered for secure networks. | 2007 | San Jose, California, United States | USD 148 M | USD 3.35 B | 9,616 | |
Identity and access management solutions are provided for developers. | 2013 | Bellevue, Washington, United States | USD 332.75 M | 350 |
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Related news about Talix
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Frequently Asked Questions about Talix
Talix was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Talix is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Talix is a funded company, having raised a total of $18.5M across 3 funding rounds to date. The company's 1st funding round was a Series A of $14M, raised on Jan 2016.
Talix has 59 employees.
Talix was founded in 2015 in San Francisco, United States, within the healthcare analytics sector. A cloud and AI-based platform, known as the HealthData Engine, is operated to deliver risk management solutions for provider organizations, health plans, and ACOs. Patient data from EMRs is analyzed using medical taxonomy, clinical NLP, and coding rules to generate insights on coding accuracy, patient outcomes, risk scores, and cost efficiencies.
Talix's top competitors include Signifyd, Apixio and ThreatMetrix.
Talix offers EDI Gateway, FHIR Gateway, and Healthcare Cloud.
Talix has 7 investors. Key investors include Edifecs, Blue Cross and Blue Shield of Minnesota, Summit Partners, Richard D Harroch, and Phil Dur.
Talix operates through Talix, Inc..
Yes. Talix was acquired by Edifecs in September 2021.