Element5 funding, investors and company details

Element5 is an emerging Healthcare startup from [●], working in the space of Element5 operates in the healthtech and AI automation industry.. Founded by Murali Vivekanandan, Eric Gordon, Bhavani Raman, Joe Randesi.

Company: Element5 INC
Sector: Healthcare
Location: [●]
Founders: Murali Vivekanandan, Eric Gordon, Bhavani Raman, Joe Randesi
Total funding raised: ₹232.71 Cr

Company overview

Element5 is a San Jose, California-based healthtech startup founded in 2019, specializing in AI-driven automation for post-acute care operations like home health, hospice, senior living, and skilled nursing.The company provides Automation-as-a-Service using AI and RPA to automate eligibility checks, authorizations, revenue cycle management (RCM), and workflows, helping organizations boost speed to care and financial outcomes while creating staff capacity. With 51-200 employees, Element5 has raised $47.5M in funding, including a $30M Series B led by Insight Partners in 2022.Element5 aims to transform post-acute operations by minimizing manual tasks through enterprise-grade, secure automation at scale, accelerating care delivery and optimizing finances for healthcare providers. Co-founders include Bhavani Raman (COO, Indian-origin serial entrepreneur), with operations expanding across India, Mexico, and the U.S.

Funding rounds

Latest round (Series B): $ 30.00 Mn (₹232.71 Cr.), 2022-05-03. Investors: Insight Partners