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CodaMetrix

Boston, MA · Founded 2019 · Privately Held (backing)

Developer of an AI-powered platform designed to automate the coding cases that pass through health systems and inpatient departments. CodaMetrix is based in Boston, MA and was founded in 2019. It was valued at $395 million at its later-stage round in May 2025, the last priced event on record. It has raised $109 million across 3 recorded rounds; the latest was an $11.6 million early-stage round in Apr 2025.

PMV mark · valuation
$395.0M
Oct 2026
Priced at
its later-stage round
May 2025
Total raised
$109.0M
Last round
Early Stage VC
Apr 2025

CodaMetrix key facts

as of Oct 2026
  • Developer of an AI-powered platform designed to automate the coding cases that pass through health systems and inpatient departments.
  • CodaMetrix is valued at approximately $395.0M as of Oct 2026, set at its later-stage round, May 2025; nothing has traded since, per PrivateMarketView’s mark.
  • It has raised $109.0M across 3 recorded rounds; the latest was Early Stage VC ($11.6M) in Apr 2025.
  • Notable investors include SignalFire, Transformation Capital, Martin Ventures, CU Healthcare Innovation Fund, Frist Cressey Ventures — 8 tracked in total.
  • CodaMetrix has filed 3 Form Ds with the SEC since 2023, most recently May 2025 ($11.6M sold to 7 investors).
  • Status: Privately Held (backing).
PrivateMarketView mark
LOW confidence
$395.0M

Valued at $395.0M at its later-stage round, May 2025. Nothing has traded since.

set by its last priced roundas of Oct 2026question about this number?
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CodaMetrix funding rounds

3 rounds
Apr 2025Early Stage VC$11.6MSEC filing▮
Feb 2024Early Stage VC$37.0MSEC filing▮
Dec 2022Later Stage VC$57.4MSEC filing▮
Full funding history →

CodaMetrix valuation

CodaMetrix was valued at $395 million at its later-stage round in May 2025. That is the last priced event on record: no secondary trade or institutional fund mark has moved the figure since.

How much has CodaMetrix raised?

CodaMetrix has raised $109 million across 3 recorded rounds since 2022. The largest was a $57.4 million later-stage round in Dec 2022; the most recent was an $11.6 million early-stage round in Apr 2025.

CodaMetrix has filed 3 Form Ds with the SEC since 2023, most recently in May 2025 ($11.6 million sold to 7 investors).

CodaMetrix investors

8 investors are on record for CodaMetrix, including SignalFire, Transformation Capital, Martin Ventures and CU Healthcare Innovation Fund. The early-stage round in Apr 2025 drew 7 investors.

About CodaMetrix

Developer of an AI-powered platform designed to automate the coding cases that pass through health systems and inpatient departments. The company's platform leverages machine learning, deep learning, and natural language processing to continuously learn from and act upon the clinical evidence in the electronic health record, recommend a code, and translate clinical notes into billing and diagnostic codes, enabling clinicians to improve efficiency and optimize medical coding.

Sector
Healthcare
HQ
Boston, MA, United States
Founded
2019
Employees
140
Ownership
Privately Held (backing)

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