YC-backed Taxo raises $5M to slash healthcare admin with its AI ‘reasoning engine’
Taxo, a San Francisco-based startup, has raised $5 million in a seed round led by Y Combinator, General Catalyst, and Character Capital.
Taxo's AI 'reasoning engine' transparently explains its decisions, helping build trust with doctors and increasing prior authorization approval rates to 98%.
The startup now serves about 15 customers, ranging from clinics to government providers, and has achieved $1 million ARR within six months of its launch.