SmarterDx, a NYC-based clinical AI startup, raised $50M in Series B funding.

The round was led by Transformation Capital, with Bessemer Venture Partners, Flare Capital Partners, and Floodgate Fund also participating.

The funding will be used to enhance product innovation, new data integrations, and market expansion, benefiting hospitals and health systems.

CEO Dr. Michael Gao stated, "Our focus has always been empowering clinical documentation integrity and coding teams."

SmarterDx's technology helps hospitals accurately capture patient data, closing revenue integrity gaps swiftly and effectively.