Several tech startups — Translucent, Codoxo, Protege, among others, have announced their venture capital funding to bolster innovation and business growth.
Translucent Raises $27 mn
AI healthcare finance platform Translucent raised $27 million in Series A funding led by GV, with participation from NEA, Virtue, and FPV Ventures. The company is led by CEO and founder Jack O’Hara. The funding will accelerate deployment of Translucent’s agentic AI platform that consolidates operational, clinical, and financial data to provide real-time insights for hospitals and health systems. The technology acts as a financial operating system for healthcare organizations, identifying revenue leakage and cost inefficiencies. Strategically, the investment supports development of AI-driven financial analytics and decision-support tools aimed at improving financial sustainability across the healthcare sector.
Codoxo Raises $35 mn
Healthcare analytics company Codoxo secured $35 million in Series C funding led by CVS Health Ventures, with participation from Echo Health Ventures, Sands Capital, 111 West Capital, Brewer Lane Ventures, Wipro Ventures, 450 Ventures, and QED Investors. The company’s leadership team includes founder Musheer Ahmed. Codoxo develops AI and generative AI-powered payment integrity technology used by health insurers to detect fraud, waste, and abuse in medical claims. The funding will support expansion of deepfake detection and AI-driven fraud analytics solutions. Strategically, the investment strengthens deployment of automated healthcare payment verification platforms across large U.S. health plans.
Protege Raises $30 mn
AI infrastructure company Protege raised $30 million in Series A financing led by Andreessen Horowitz, with participation from Footwork, CRV, Bloomberg Beta, Flex Capital, and Shaper Capital. Founded in 2024 by Michael Nygaard, the company focuses on enabling AI developers to access trusted real-world data across industries such as healthcare, media, and robotics. The funding expands Protege’s data network platform that helps organizations source, curate, and manage large-scale datasets required for training advanced AI models. Strategically, the investment highlights growing VC interest in AI data infrastructure supporting enterprise AI deployment and next-generation machine learning systems.
THASNIYA VP
