Komodo Health has raised a total of $514 million across multiple funding rounds, with its largest being a $220 million Series E round in March 2021. The San Francisco-based company specializes in providing comprehensive patient journey data and advanced software solutions for the healthcare industry. Komodo Health’s platform, including products such as the Healthcare Map and MapView, leverages AI and data science to deliver de-identified, patient-level insights that improve decision-making, enhance operational efficiency, and drive better outcomes across the life sciences, health plans, and healthcare providers.
Keep reading to explore Komodo Health’s funding journey, key investors, and what’s next for this healthcare technology leader.
What Is Komodo Health and What Does It Do?
Founded in 2014 by Arif Nathoo and Web Sun, Komodo Health is headquartered in San Francisco, California. The company develops software that uses artificial intelligence and advanced data analytics to map patient journeys across the U.S. healthcare system. Its Healthcare Map™ tracks encounters for over 325 million patients, breaking down data silos and providing precise insights to improve patient care, streamline operations, and inform strategic decisions. With a workforce of 501–1,000 employees, Komodo Health continues to innovate in the healthcare sector, aiming to create a cost-effective and value-driven healthcare system.
How Much Funding Has Komodo Health Raised?
- Series C
- Amount Raised: $50M
- Date: January 2020
- Lead Investors: Andreessen Horowitz
- Motivation: Accelerate growth and expand market reach
- Series D
- Amount Raised: $44M
- Date: January 2021
- Motivation: Support strategic acquisitions and enhance product offerings
- Series E
- Amount Raised: $220M
- Date: March 2021
- Lead Investors: Tiger Global Management
- Valuation at Round: $3.3B
- Motivation: Build out a technology platform and ensure data integration
- Venture Round
- Amount Raised: $200M
- Date: December 2022
- Lead Investors: Coatue
- Motivation: Scale operations and enhance data analytics capabilities
Total Funding Raised: $514M
Current Valuation: $3.3B
Latest Funding Date: December 1, 2022
Key Investors
- Tiger Global Management
- Details: Global investment firm focusing on public and private companies in Internet, software, consumer, and fintech sectors.
- Investment Focus Areas: Technology, software, consumer, financial technology
- Notable Investments: Facebook, LinkedIn, Spotify, Stripe
- Coatue
- Details: Technology-focused investment firm managing public and private equity funds with a data-driven approach.
- Investment Focus Areas: Technology, media, telecommunications
- Notable Investments: Snap, DoorDash, ByteDance
- Andreessen Horowitz
- Details: Venture capital firm investing across all stages, backing bold entrepreneurs building the future.
- Investment Focus Areas: Technology, software, internet
- Notable Investments: Facebook, Airbnb, Lyft, Slack
- ICONIQ Growth
- Details: Direct investment arm of ICONIQ Capital supporting high-growth technology companies.
- Investment Focus Areas: Technology, software, internet
- Notable Investments: Snowflake, Datadog, Uber
- SVB Capital
- Details: Venture capital and private equity arm of Silicon Valley Bank, investing in technology and life sciences.
- Investment Focus Areas: Technology, life sciences, healthcare
- Notable Investments: Fitbit, Roku, DocuSign
Where Is Komodo Health’s Headquarters?
Komodo Health is headquartered in San Francisco, California, providing access to top talent in technology, data science, and healthcare innovation. Its location supports strategic partnerships with life sciences companies, health plans, and healthcare providers.
What’s Next for Komodo Health?
Komodo Health is poised to expand the use of its Healthcare Map™, which tracks over 325 million patient encounters, enhancing analytics for life sciences companies, health plans, and patient advocacy groups. With strong investor backing, the company is expected to continue investing in AI-driven healthcare solutions, pursue strategic acquisitions, and broaden its platform’s capabilities. Challenges include maintaining patient data privacy, integrating new data sources, ensuring accuracy, and navigating regulatory compliance, while competing with other healthcare technology firms.
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