Outbound AI is Conversation AI built for healthcare. Founded in 2021, the Madrona Venture Labs spinout is breaking new ground with cloud technologies that streamline phone-based administrative work across a wide range of revenue cycle applications. Its AI-first solutions serve as workforce multipliers that drive productivity while improving the daily job experience for human talent. The company’s inaugural SaaS offering, PayerVA™ Console, includes a portfolio of intelligent virtual agents and out-of-the-box automations for claims processing. Outbound AI is led by a passionate team of health and voice tech veterans and backed by several preeminent venture capital firms renowned for success with emerging AI and cloud technologies.
Location: United States, New York, Troy
Employees: 11-50
Total raised: $23M
Founded date: 2021
Founders name: Burwell Stead; Kshitij Moghe
Investors 2
| Date | Name | Website |
| 19.02.2022 | Madrona Ve... | madronavl.... |
| 21.06.2023 | SpringRock... | springrock... |
Funding Rounds 2
| Date | Series | Amount | Investors |
| 22.06.2023 | - | $16M | - |
| 19.10.2021 | Seed | $7M | - |
Persons 17
| Date | First Name | Last Name | Title | Location | |||
| - | Ryan | Greenhaw | Chief Reve... | linkedin.c... | - | r***g@outb... | - |
| - | Vinoth | Berkmons | Senior Sof... | linkedin.c... | - | v*****b@ou... | - |
| - | Kshitij | Moghe | Co-founder... | linkedin.c... | - | k******m@o... | - |
| - | David | Matuszak | Senior Sof... | linkedin.c... | - | d****m@out... | - |
| - | Robert | Piro | Sr Data Sc... | linkedin.c... | - | r*****p@ou... | - |
| - | Christie | Quinn | - | linkedin.c... | - | c*******q@... | - |
| - | Claude | Andrew | Senior Sof... | linkedin.c... | - | c*****a@ou... | - |
| - | Manas | Varpe | Director O... | linkedin.c... | - | m****v@out... | - |
| - | Burwell | Stead | Founder &a... | linkedin.c... | - | s****b@out... | - |
| - | Jennifer | Shomer, PM... | Principal ... | linkedin.c... | - | j*******s@... | - |
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Mentions in press and media 11
| Date | Title | Description |
| 08.02.2024 | Outbound AI Joins Microsoft for Startups Pegasus Program, Aiming to Ease Healthcare Administrative Burdens | With membership in the invite-only program offered solely to startups that have demonstrated product-market fit, Outbound AI will be matched with Microsoft’s enterprise customers seeking innovative, high-value solutions. There is no denying... |
| 22.06.2023 | Outbound AI Completes $16M Funding | Outbound AI, a Seattle, WA-based heath tech startup that provides conversation AI cloud, raised $16M in funding. The round was co-led by Madrona Venture Group and SpringRock Ventures. Other investors included Epic Ventures, Ascend, Pack Ven... |
| 22.06.2023 | Outbound AI, Completes $16 Million Raise to Accelerate Growth of AI Agents Performing Administrative Tasks | Never have healthcare’s administrative burdens been so acute than in the face of post-pandemic resource and budget constraints, which is why demand is on the rise for Outbound AI‘s pioneering virtual agents and software consoles powered by ... |
| 21.06.2023 | AI-enabled administrative task company Outbound AI scores $16M | Photo: d3sign/Getty Images |
| 21.06.2023 | Healthcare billing and claims automation startup Outbound AI raises $16M | Outbound AI founders, clockwise from top left: Stead Burwell, Jonathan Wiggs, Kshitij Moghe and Justin Ith. (Outbound AI Photos) Outbound AI announced Wednesday $16 million in fresh funding to advance the rollout of its artificial intellige... |
| 21.06.2023 | Outbound AI Raises $16M for AI-Powered Virtual Agents | What You Should Know: Outbound AI, a Seattle-based conversational AI platform for healthcare announced it has raised $16M in seed funding co-led by Seattle-based Madrona Venture Group and SpringRock Ventures. Founded in 2021, Outbound AI is... |
| 13.06.2023 | AI and coding: How these tech companies are using generative AI for programming | Made with Microsoft Bing Image Creator. Prompt: “A robot helping a software engineer develop code.” Generative AI is already changing the way software engineers do their jobs. GitHub Copilot, Amazon CodeWhisperer, ChatGPT, Tabnine, and vari... |
| 10.05.2023 | Medical Billing Automation Takes Giant Leap Forward With GPT-Enabled Virtual Agents From Outbound AI | The Seattle-based startup is using GPT among other AI cloud technologies to reduce healthcare’s administrative costs, improve productivity and elevate the daily job experience for human talent. Seeking medical care is inarguably a costly pr... |
| 27.09.2022 | Madrona Venture Labs spinout aims to take the pain out of insurance claims | Outbound AI founders. clockwise from top left: Stead Burwell, Jonathan Wiggs, Kshitij Moghe and Justin Ith. (Outbound AI Photos) Outbound AI has a prescription for one of the biggest headaches of the medical system: interacting with insuran... |
| 27.09.2022 | Outbound AI Launches PayerVA™ Console for Physician Practices and Medical Billing Companies | PayerVA Console™ provides a portfolio of virtual agents and out-of-the-box AI-powered automations for solving tedious claims processing with major commercial and Medicare Advantage health plans. It includes a rapid-training service to quick... |
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