Tennr is raising a Series B round, valued at over $200 million, just seven months after its Series A funding led by A16z.
The startup automates healthcare administrative tasks, particularly processing faxes, significantly improving efficiency in critical functions like patient referrals.
Despite challenging fundraising conditions for many startups, Tennr is part of a select group able to secure rapid funding due to strong investor interest in AI.
Valuations for early-stage startups like Tennr can reach lofty levels; estimates range from $200 million to closer to $300 million based on recent funding.
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