Healthcare AI startup Commure is raising $70 million at a $7 billion valuation

General Catalyst led the round, with participation from Sequoia Capital, Morgan Stanley $MS, and Kirkland & Ellis.

At the core of Commure's offering is agentic AI, a technology capable of independently planning, making decisions, and taking action — going beyond simply responding to user input — which the company deploys to handle administrative functions throughout healthcare systems. According to the company, over 85% of tasks are handled end-to-end by its revenue cycle management tools — software that manages the billing and payment processes for patients — with no need for human involvement. The platform is deployed across more than 500 healthcare organizations and 3,000 sites.

The fresh capital will go toward growing Commure's AI infrastructure into international markets, the company said, as well as building out its revenue cycle and practice management offerings.

Among investors, the push to back companies deploying agentic AI has intensified as the technology proves useful for cutting down on labor-intensive processes across industries. OpenAI launched ChatGPT for Clinicians earlier this year, a free tool for verified physicians and other healthcare professionals that automates documentation, supports medical research, and assists with care consultations — a sign of how broadly AI companies are targeting the healthcare sector.