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Reading: Commure’s Wild Ride: The $6B Startup Taneja Won’t Let Fail
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Startups

Commure’s Wild Ride: The $6B Startup Taneja Won’t Let Fail

Nicole Kristine Jovero
Last updated: September 10, 2024 10:04 pm
Nicole Kristine Jovero
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1 Min Read
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  • Taneja’s Commure pivots to AI
  • Acquisitions fuel growth despite setbacks
  • Competition looms in healthcare admin

Contents
A Startup Like No OtherPivots and ProblemsAI to the Rescue?

A Startup Like No Other

General Catalyst CEO Hemant Taneja is all-in on healthcare startup Commure.

Since 2017, Commure has raised over $1 billion, made six acquisitions, and reached a $6 billion valuation – all backed by Taneja’s unwavering support.

Pivots and Problems

Commure abandoned its original mission of building a developer platform for health apps.

It’s cycled through four CEOs since 2020. The startup faces legal battles over its Strongline safety tech acquisition.

AI to the Rescue?

Now Commure is betting on AI for healthcare admin tasks like revenue cycle management.

Its recent Augmedix acquisition signals this new focus. But Commure faces tough competition from startups, Big Tech, private equity players.

TAGGED:div5

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