Revenue cycle automation co. raises $29M

Revenue cycle automation platform Candid Health raised $29 million in Series B funding. 

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The funding was led by 8VC with participation from existing investors First Round Capital, BoxGroup, and Y Combinator, according to a Sept. 11 Candid Health news release. 

Candid Health aims to simplify medical billing through automation, according to the release. The company has raised $47 million to date.

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