CIBC Innovation Banking Provides Growth Capital Financing to Wisedocs Inc.
“The CIBC innovation banking team is phenomenal to work with. They have a deep understanding of our business needs, the requirements of a high growth tech company, and the need for dynamic banking solutions to expand globally. We are excited to continue to accelerate our growth with an amazing partner like CIBC," said
Insurance carriers, legal firms, as well as third-party medical examiners within the insurance ecosystem leverage Wisedocs’ AI-driven platform to efficiently deliver meaningful reviews of complex medical records. With this support from CIBC, Wisedocs is poised to continue its role as a market leader in the industry to manage the claims process within an intelligent technology platform leveraging state-of-the-art generative AI. Following an oversubscribed Series A financing round of
“We are thrilled to support Wisedocs to enable the company to continue delivering best-in-class solutions to its clients while further expanding its sales footprint” said Niramay, Director, CIBC Innovation Banking. "Wisedocs has crafted a unique way to challenge and solve inefficiencies in the medical claims process and is therefore generating tremendous interest from key players in the industry globally.”
About CIBC Innovation Banking
CIBC Innovation Banking delivers strategic advice, cash management and funding to innovation companies across
About Wisedocs
Wisedocs is the medical record indexing, review, and AI summaries software platform for insurance carriers, healthcare providers, law firms, and TPAs. The company serves the auto, liability, disability, workers’ compensation, tort law, and similar markets. It provides an easy-to-integrate solution for improved accuracy and speed to deliver improved outcomes in processing medical records. Wisedocs raised
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Wisedocs:
Jenna Earnhaw, Co-Founder & COO, jenna@wisedocs.com
Source: CIBC Innovation Banking