Akasa Raises $60M in Series B Funding

Akasa (formerly known as Alpha Health), a South San Francisco, Calif.-based AI powered automation company focused on healthcare, raised $60m in series B funding.

The round was led by Bond with participation from existing investors Andreessen Horowitz and Costanoa Ventures, among others. In conjunction with the funding, Noah Knauf, general partner at BOND, will join Akasa’s Board. 

The company intends to use the funds to:

  • invest in talent across the organization;
  • scale operations to meet customer demand; 
  • continue to accelerate delivery of products to customers; and
  • expand sales and marketing efforts to grow its market presence.

Led by Varun Ganapathi, PhD, co-founder and CTO, and Malinka Walaliyadde, co-founder and CEO, Akasa provides hospitals with Unified Automation™ — a flexible AI-based solution that automates complex operational tasks such as those related to revenue cycle management. Unified Automation™ operates within a healthcare system’s existing electronic health record (EHR) and revenue cycle infrastructure to reduce errors and improve efficiencies.