
Medbill AI is dedicated to becoming the most trusted service for managing medical bills and health insurance, addressing the complexities and errors that plague the current system. With over 100 million Americans facing medical debt and a significant percentage of claims being denied, Medbill AI leverages AI technology to automate the resolution of billing issues, appeals, and negotiations, empowering consumers to navigate their healthcare journey more effectively. Founded by veterans of Oscar Health, the company is well-positioned to make a substantial impact in the health tech space, backed by notable investors and a commitment to a freemium model that will be accessible to all US consumers.

Medbill AI is dedicated to becoming the most trusted service for managing medical bills and health insurance, addressing the complexities and errors that plague the current system. With over 100 million Americans facing medical debt and a significant percentage of claims being denied, Medbill AI leverages AI technology to automate the resolution of billing issues, appeals, and negotiations, empowering consumers to navigate their healthcare journey more effectively. Founded by veterans of Oscar Health, the company is well-positioned to make a substantial impact in the health tech space, backed by notable investors and a commitment to a freemium model that will be accessible to all US consumers.
What they do: AI assistant that helps consumers analyze, dispute, and negotiate medical bills and navigate health insurance/claims.
Founded / HQ: Founded 2023; based in New York City.
Funding: Raised at least USD 16.3M (Early VC / Seed, Jul 2024); prior Pre-Seed in Aug 2023.
Investors / backing: Backed by venture firms including RRE Ventures and Red Sea Ventures; company states additional backing from founders/investors associated with Hugging Face, Oscar Health, TrueBill, CaseText, and Forerunner Ventures.
Medical billing, health insurance navigation, claims disputes and appeals.
2023
Healthcare / fintech
Investors listed for this round include Red Sea Ventures (lead), RRE Ventures, and Factorial Capital.
USD 16.3M
Round reported as an Early VC / Seed in Jul 2024; investors include RRE Ventures and Red Sea Ventures among three investors.
“Backed by early-stage venture firms including RRE Ventures and Red Sea Ventures; company also cites backing from founders/investors associated with Hugging Face, Oscar Health, TrueBill, CaseText, and Forerunner Ventures.”