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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.
About Stedi
Industries
Data & Analytics
Enterprise Software
Healthcare
Company Size
51-200
Company Stage
Series C
Total Funding
$122.4M
Headquarters
New York City, New York
Founded
2017
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Simplify's Take
What believers are saying
- Pay-as-you-go pricing can expand adoption among startups and low-volume practices.
- Institutional Claims API and EDI Core deepen workflow coverage and platform stickiness.
- Dock Health embedding shows traction inside point-of-work revenue-cycle ecosystems.
What critics are saying
- Incumbents like Availity and Change Healthcare already control payer relationships.
- Usage-based pricing compresses ARPU if smaller customers choose cheaper plans.
- Any payer rule change or outage immediately disrupts mission-critical claims workflows.
What makes Stedi unique
- API-first clearinghouse with JSON APIs and over 7,000 payer connections.
- Supports eligibility, claims, ERAs, enrollment, and transaction status in one platform.
- No monthly minimums, free sandbox, and AI-ready tooling lower integration friction.
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Funding
Total Funding
$122.4M
Above
Industry Average
Funded Over
5 Rounds
BoxGroup
First Round Capital
SV AngelIndustry standards
Benefits
Company Equity
Growth & Insights and Company News
6 month growth
↓ -2%1 year growth
↑ 0%2 year growth
↓ -8%New York-based Stedi, a healthcare transactions clearinghouse, has raised $50 million in Series C funding led by Addition.
Stedi has raised a $50M Series C led by Addition, bringing total funding to $142M, to continue building the only healthcare clearinghouse for agentic RCM.
Stedi is announcing two major milestones: $70M Series B funding co-led by Stripe and Addition, with participation from other top investors.
Dock Health partners with Stedi, Inc., to incorporate seamless Eligibility Checks into productivity ecosystem, driving efficiency and financial performance.
Stedi, Inc is excited to announce that its Institutional Claims API is now Generally Available.
Stedi is Hiring for 8 Jobs on Simplify!
Find jobs on Simplify and start your career today
About Stedi
Industries
Data & Analytics
Enterprise Software
Healthcare
Company Size
51-200
Company Stage
Series C
Total Funding
$122.4M
Headquarters
New York City, New York
Founded
2017
Stedi is Hiring for 8 Jobs on Simplify!
Find jobs on Simplify and start your career today