Camber, a New York City-based medical claims automation startup formerly known as Juniper, has successfully raised $30 million in a Series B funding round. The investment was led by Andreessen Horowitz (a16z), with participation from Craft Ventures, Y Combinator, and other investors. Camber's platform utilizes artificial intelligence to identify issues in medical claims before they are denied, ensuring that healthcare providers are compensated only when claims are successfully processed. The company aims to streamline the healthcare reimbursement process, which traditionally involves a complex series of steps. The announcement of the Series B funding follows a period of growth for Camber, which has garnered support from early angel investors and venture capital firms. Notably, the founders of Camber—Christophe, Nathan, and Celina—are alumni of Y Combinator's Winter 2021 cohort.
It’s unusual to see a series A and series B announced at the same time, in this case it’s a sign something special is happening. Congrats to the founders of Camber: Christophe, Nathan, and Celina from YC W21! https://t.co/Uga8I6qUig
Congrats to the Camber team on their $30M Series B! Camber’s platform increases the speed, accuracy and efficiency of healthcare claims processing and payments, enabling providers to deliver high quality healthcare to more patients. https://t.co/YID89EjGiQ
Excited to announce our investment in Camber! https://t.co/WT00DozQv4