Candid Health
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Investors
Founders
About
Candid Health is a San Francisco-based healthcare technology company that automates revenue cycle management — the process by which providers submit medical claims, receive reimbursement, and reconcile payments 12. Founded in 2019 by former Palantir engineers Nick Perry and Doug Proctor, the company combines clinical, provider, and billing data into a unified model and uses AI to automate tasks traditionally handled by manual, often offshore labor 12. Candid serves more than 200 healthcare organizations and reports 190% year-over-year contracted revenue growth 23.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-07-22 | Series D | $120M | Sixth Street Growth | Oak HC/FT, 8VC, Y Combinator 123 |
The Series D tripled Candid’s valuation from its 2025 Series C and brings total raised past $219 million 23.
What Investors Say
Alex Katz, Sixth Street Growth: “We are thrilled to partner with Candid Health. The Candid team deeply understands its customers’ core challenges” 3.
What Founders Say
Nick Perry, Co-Founder & CEO: “The legacy players haven’t kept pace, and the companies lightly sprinkling AI on top of them have yet to deliver” 3.
Perry, on the company’s approach: “We’ve spent the past seven years rebuilding the core infrastructure of this problem space from the ground up” 3.
Doug Proctor, Co-Founder & COO: “RCM is a hard problem, but a worthy problem. It affects individual patients and their families” 3.
Sources
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Fortune, “Candid Health raises $120 million to take on America’s $280 billion medical billing mess,” July 22, 2026. Accessed July 22, 2026. https://fortune.com/2026/07/22/candid-health-raises-120-million-to-take-on-americas-280-billion-medical-billing-mess/↩↩↩
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Business Wire, “Candid Health Raises $120M Led by Sixth Street Growth to Fuel Autonomous Revenue Cycle Management in Healthcare,” July 21, 2026. Accessed July 22, 2026. https://www.businesswire.com/news/home/20260721951537/en/Candid-Health-Raises-%24120M-Led-by-Sixth-Street-Growth-to-Fuel-Autonomous-Revenue-Cycle-Management-in-Healthcare↩↩↩↩↩
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Pulse 2.0, “Candid Health Raises $120 Million Series D To Expand Autonomous Healthcare Revenue Cycle Platform,” July 22, 2026. Accessed July 22, 2026. https://pulse2.com/candid-health-raises-120-million-series-d-to-expand-autonomous-healthcare-revenue-cycle-platform/↩↩↩↩↩↩↩