Nym Health, a provider of explainable AI tech that automates medical coding, today announced $25 million in new funding led by Addition. Following Nym’s October 2020 Series A, this latest round brings the company’s total funding to $47.5 million. Addition joins existing investors GV, Dynamic Loop Capital, Tiger Global, Bessemer Venture Partners, and Lightspeed, as well as angel investors Zach Weinberg and Nat Turner.
The new investment will be used to scale product development and accelerate the rapid adoption of Nym’s automated medical coding platform in emergency departments. Additionally, the funding will support the expansion of Nym’s footprint in urgent care centers, and grow the company’s New York office. Read more.
