Episode
Commure Hits $7B Backed by GC, Sequoia, Morgan Stanley
- Podcast
- Sourcery
- Published
- May 19, 2026
- Duration seconds
- 3427
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- https://podcasters.spotify.com/pod/show/sourcery/episodes/Commure-Hits-7B-Backed-by-GC--Sequoia--Morgan-Stanley-e3jja0o
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Summary
Tanay Tandon, Co-Founder and CEO of Commure, joins Sourcery to break down the company's new $70M round at a $7B post-money valuation, led by General Catalyst with participation from Sequoia Capital, Morgan Stanley, and Kirkland & Ellis. With $750M raised to date, Commure now runs inside 500+ healthcare organizations, 3,000+ sites of care, and processes tens of billions of dollars in annual claims — with 85%+ of revenue cycle work completed without a human in the loop. Tanay started the company at 18 out of his Stanford dorm room. Today, Commure has 1,200 employees across seven offices, supports 200M+ patient encounters a year, and has doubled ARR three years in a row. We get into the round, the use of General Catalyst's Customer Value Fund (CVF) for non-dilutive growth capital, why he believes point solutions will be wiped out, the Augmedix acquisition, the Summa Health partnership in Akron, the JPM flip-flops story, and his IPO plans. Topics covered: • The $70M / $7B round and why he didn't need the capital • CVF and non-dilutive financing for go-to-market • Building an AI-native OS for healthcare • HCA, Tenet, Epic, and Meditech partnerships • Why platforms beat point solutions • Lessons from acquiring Augmedix • What Alfred Lin, Hemant Taneja, and Teresa Carlson taught him • The path to IPO Tanay Tandon: https://www.linkedin.com/in/tanaytandon Molly O’Shea: https://x.com/MollySOShea Sourcery: https://x.com/sourceryy 𝐄𝐏𝐈𝐒𝐎𝐃𝐄 𝐋𝐈𝐍𝐊 YouTube: https://youtu.be/Vd4HHQ1l9mM 𝐒𝐏𝐎𝐍𝐒𝐎𝐑𝐒 • Brex —The modern finance platform, combining the world’s smartest corporate card with integrated expense management, banking, bill pay, & travel. https://brex.com/sourcery • Turing —Turing delivers top-tier talent, data, and tools to help AI labs improve model performance—and enables…