What you should know
- The megaround: nitraan AI-native operating platform for healthcare practices secures $187 million in new funding. This includes $72 million in new capital (between a $50 million Series B and a previously unannounced $22 million Series A), $20 million in venture debt, and a $95 million warehouse.
- Growth metrics: The company is seeing explosive traction. In 2025, Nitra increased annualized revenue by more than 740% (from $4 million to more than $33 million) and surpassed $1 billion in annualized processing volume across more than 700 clinics.
- Platform expansion: Beyond basic clinical decision support, Nitra deploys AI agents to handle unsexy but critical administrative work. Its platform encompasses financial automation (expense management, bill payment), commerce and inventory (procurement agents who negotiate with suppliers like McKesson), and patient management (voice AI for insurance scheduling and eligibility).
- The leadership addition: Dr. Richard Park, founder and former CEO of CityMD (which was eventually acquired by VillageMD for $8.9 billion), joined Nitra’s board of directors to help expand the platform’s operational footprint.
- The outlook for 2026: Armed with this fresh capital, Nitra projects it will exceed $150 million in annualized revenue and $4 billion in processing volumes in 2026, quadrupling its headcount to more than 200 employees.
How Nitra Just Raised $187 Million to Automate the Healthcare Back Office
Healthcare is a nearly $5.9 trillion industry in the United States; However, it is estimated that 25% of the expense is consumed by administrative costs. Medical offices are forced to run critical workflows (procurement, payroll, insurance verification, and inventory management) through a fragmented patchwork of legacy software systems that were never designed to communicate with each other.
To replace this tile, nitra uses a fintech entry point, offering a Visa-powered spending card and expense management tools, to establish a financial beachhead within these practices. Once that financial infrastructure was established, Nitra quickly expanded its capabilities. The platform now deploys AI procurement agents that can autonomously manage suppliers, negotiate prices, and monitor end-to-end inventory. This month, they launched a patient management module with voice AI agents capable of managing patient scheduling and complex insurance benefit verification.
“We have a mission to serve the people who serve our communities and help physicians save time and money,” said Tim Hwang, CEO of Nitra. “Practices run critical workflows across disconnected systems that were never designed to work together. Nitra brings those layers together into a single native AI operating system that helps healthcare practices run their operations more efficiently.”
Explosive traction
Market demand for this unified approach is undeniable. In 2025, Nitra’s annualized revenue grew by a staggering 740%, rising from $4 million to over $33 million in a single year. The platform is now used by thousands of physicians in more than 700 clinics and processes more than $1 billion in annualized volumes. On a single day in December 2025, Nitra’s infrastructure supported more than $9 million in high-risk, patient-critical biopharmaceutical and medical purchases.
To help guide this hypergrowth, Nitra has appointed Dr. Richard Park, founder and former CEO of CityMD, to its board of directors. His operational experience scaling urgent care clinics to an eventual $8.9 billion acquisition by VillageMD will be invaluable as Nitra seeks to expand its operating system into thousands of independent practices across the country.
