Luminai Raises $38M Series B to Automate Healthcare Administrative Tasks

Luminai, an artificial intelligence platform that automates administrative workflows in healthcare, has raised $38 million in Series B funding led The round brings the company's total funding to $60 million. Luminai develops AI agents that handle manual tasks such as insurance verification, prior Cleveland Clinic was among the early adopters of the platform, which promises to reduce the administrative burden that contributes to physician burnout and drives up healthcare costs. The health system partnered with Luminai to streamline operations across several departments. Healthcare administrative tasks cost the U.S. economy hundreds of billions of dollars annually. Hospitals and clinics employ large staffs to handle paperwork, insurance forms, and compliance documentation. AI automation vendors have targeted this market as a high-impact opportunity where technology can reduce costs without compromising patient care. The company plans to use the new capital to expand its AI capabilities across additional healthcare workflows and grow its customer base of health systems and provider groups.