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
What is CodaMetrix worth?
$395.0MPrivateMarketView mark · Oct 2026

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

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Valuation timeline

0 priced rounds · 32 daily marks since · Sep 2026 – Oct 2026
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Markrounds hold their value until the next priced eventMark, today
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CodaMetrix funding history

3 rounds
DateRoundRaisedPost-money
Apr 2025Early Stage VC$11.6M▮
Feb 2024Early Stage VC$37.0M▮
Dec 2022Later Stage VC$57.4M▮
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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).

How CodaMetrix's valuation is determined

Private company valuations aren’t quoted on an exchange — they’re established in moments: a priced funding round sets a post-money valuation, secondary trades print at a price per share, and SEC-registered funds holding the stock report fair-value marks in their N-PORT filings.

For CodaMetrix, the most current credible signal sets the number and the older ones confirm it: a live secondary-market price first, then three or more recent prints, then institutional fund marks, and otherwise the last priced round, which never decays. The valuation is the last round’s post-money moved by the price change since that round, so no share count is assumed. Today it is set by its last priced round. Question about this number? Full methodology →

Frequently asked about CodaMetrix

What is CodaMetrix worth?
CodaMetrix is valued at $395.0M as of Oct 2026. Valued at $395.0M at its later-stage round, May 2025. Nothing has traded since.
How much has CodaMetrix raised?
CodaMetrix has raised $109.0M in total funding across 3 recorded rounds.
When did CodaMetrix last raise?
CodaMetrix last raised in Apr 2025 (Early Stage VC), raising $11.6M.