Candid Health raises $120M to automate medical billing and claims
Candid Health raised a $120 million Series D led by Sixth Street Growth, with Oak HC/FT, 8VC and Y Combinator participating, announced July 21, 2026. The company sells software that automates billing, claims submission, denials and collections for provider groups. It says more than 200 healthcare organizations use it, annual recurring revenue grew 190% year over year, and total funding now exceeds $219 million.
Why it's notable: Investors are putting large sums into automating provider billing as payers use more automation of their own. For clinics, this means more vendors competing to take over claims work that staff do by hand today.