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Machinify, Inc.

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Year established

2016

Location

Palo Alto CA US

Primary Industry

Software

About

Based in California, US, and founded in 2016 by CEO Prasanna Ganesan and Tony Miranz, Machinify, Inc., a.k.a. Machinify operates as a healthcare technology company that develops artificial intelligence technology for extracting enterprise data insights. In June 2024, Evolent Health, Inc. acquired Machinify, Inc. from Battery Ventures, GV, and Matrix Partners. Machinify offers a suite of software solutions designed to enhance efficiency and accuracy in healthcare management. The company’s platform leverages machine learning and data analytics to address challenges in the healthcare system. The platform’s feature, Machinify Auth, automates the review and authorization of medical treatments, improving response times and reviewer productivity. Also, the platform’s feature Machinify Audit uses AI to review medical claims, preventing unnecessary treatments and identifying undiagnosed conditions.
Current Investors
Battery Ventures, Matrix Partners, GV

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Primary Industry
Software
Sub Industries
Healthcare IT, Web Applications, Analytics & Performance Software
Website
www.machinify.com
Verticals
Artificial Intelligence, Artificial Intelligence, Cloud Computing, HealthTech
Company Stage
Series A
Total Amount Raised
Subscriber access only

Deals

Deals Type
Trade Sale
Deal Status Target (s) Deal Date Investor(s) Seller(s) Deal size (Mn) Enterprise value (Mn) Post-money valuation (Mn) EBITDA multiple (x) Revenue multiple (x) Lead partner (s)
Completed Machinify, Inc. 04 Jun 2024
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