Overview

Stedi provides a B2B data-exchange platform that automates EDI-based transactions using APIs for real-time healthcare workflows like eligibility checks and claims processing across thousands of payers. It works as a cloud platform with real-time APIs, dashboards, and simple import of EDI specs, offering secure access, multi-region redundancy, and automated failover to ensure 99.9% uptime. It differs by prioritizing high availability and easy integration with guided setup and dedicated engineering support, along with broad payer coverage. Its goal is to make reliable, scalable, and easy-to-integrate EDI data exchange for businesses, especially in healthcare.

Simplify's Take

What believers are saying

• Stedi raised $50M Series C in 2026 from Addition for agentic RCM.
• Eligibility volume surged 4x in January 2026 with retry improvements.
• Institutional Claims API and CMS-1500 forms now generally available.

What critics are saying

• Stripe's EDI APIs undercut Stedi's fees using payments infrastructure.
• 2026 HIPAA rules mandate encryption, AS2 upgrades Stedi lacks.
• Availity's 90% payer dominance blocks Stedi via exclusive contracts.

What makes Stedi unique

• Stedi provides API-first EDI for real-time healthcare claims and eligibility.
• Stedi Core enables EDI integrations in minutes without expertise.
• Stedi handles 99.9% uptime with automated failover redundancy.

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Funding

Total Funding

$122.4M

Above

Industry Average

Funded Over

5 Rounds

Notable Investors:

BoxGroupFirst Round CapitalSV Angel

Notable Investors:

BoxGroupFirst Round CapitalSV Angel

$50,000,000

Series C

Mar 2026

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.

Series C Funding Comparison

Meet Average

Industry standards

Ind Avg. $50M

$16M

$40M

$50M

$50M

$62M

$100M

View all funding stages