AKASA

AI-powered automation for the healthcare revenue cycle

AKASA logo
201-500 employees
  • Healthcare
  • B2B
  • Artificial Intelligence
  • Machine Learning
  • SaaS
  • Automation
The East Side, South San Francisco, CA

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Company mission

To enable human health by building the future of healthcare with AI.

Top investors

-17% employee growth in 12 months

Glassdoor (3.4)

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Our take

The US healthcare system is both financially and operationally complex. It is estimated to cost patients and providers $500 billion annually in medical billing and insurance administrative expenses. AKASA, formerly Alpha Health, addresses this issue with its Unified Automation technology

The technology is designed to streamline revenue cycle operations by combining human expertise with AI-driven automation. It deploys machine-learning tools supported by revenue cycle specialists who can handle more complex cases and refine the algorithms.

This blend of human and machine intelligence is a stand-out approach, which could well serve as a blueprint for other sectors. Meanwhile, AKASA will continue to help reshape the healthcare industry by solving its complex operational challenges.

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Freddie

Company Specialist at Welcome to the Jungle

Benefits

  • Employer contribution to Health Savings Accounts (HSA)
  • Expansive coverage for health, dental, and vision
  • Generous parent leave policy
  • Full employee coverage for life insurance
  • Unlimited paid time off (PTO)
  • 401(K) plan
  • Company-paid holidays

Funding (last 2 of 4 rounds)

Jun 2024

$120m

SERIES C

Mar 2021

$60m

SERIES B

$205m

Total funding

This company has top investors

Leadership

Malinka Walaliyadde

(Co-Founder & CEO)

Previously worked at Andreessen Horowitz (a16z), Counsyl and Corning Life Sciences. They have an Engineering degree from Cornell University.

Varun Ganapathi

(Co-Founder & CTO)

They have successfully started two AI companies prior to AKASA. One was acquired by Google and the other by Udacity.

Andy Atwal

(Co-Founder & VP of Engineering)

Prior to AKASA, they were the founding Software Engineer at Counsyl, a health technology company offering DNA screenings for various diseases.

Ben Beadle-Ryby

(Co-Founder)

Previously, they were a Partner at the Advisory Board Company, where they oversaw revenue cycle consulting and technology.