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Sunlight AI Raises $17.4 Million and Acquires Bradford Medical Associates
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Sunlight AI raised $17.4 million in seed funding and acquired Bradford Medical Associates as it builds an administrative platform for independent medical practices.
Sunlight AI raised $17.4 million in seed funding and acquired Bradford Medical Associates, according to Tech Startups. The New York and Miami based startup uses AI to handle billing, paperwork and financial administration for independent medical practices.
The founder of Basis Set Ventures led the funding. Sofeon Ventures, Social Leverage, Actions Capital, Overlook Ventures, Early Light Ventures and several health care investors also participated.
Sunlight combines AI software, practice management infrastructure and human services in one system. It plans to reduce administrative costs, improve payment collection and increase patient capacity.
The Bradford Medical Associates acquisition adds an existing service provider to Sunlight's platform. Financial terms of the transaction were not disclosed.
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