Thoughtful

Provides business process automation solutions

Chicago, Illinois, United States

About Thoughtful

Thoughtful Automation provides automation solutions designed to help businesses improve their operations by reducing repetitive tasks. Their main product consists of automation modules, which are software tools that can take over tasks typically performed by employees, such as billing and compliance. This allows businesses to save time and money, as they can reallocate their workforce to focus on more strategic activities. Thoughtful Automation serves a diverse clientele, from small businesses to larger corporations, all seeking to enhance efficiency and cut costs. Unlike many competitors, Thoughtful Automation emphasizes a service-based model, offering cost-effective solutions that are often cheaper than hiring additional staff. The company's goal is to enable businesses to streamline their processes and boost productivity through effective automation.

Chicago, IllinoisHeadquarters
2020Year Founded
$34.8MTotal Funding
SERIES_ACompany Stage
Robotics & Automation, Enterprise SoftwareIndustries
51-200Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
Paid Vacation
Stock Options

Risks

Emerging competition from companies like Anthropic could challenge Thoughtful's market position.
Google's AI developments may introduce new competitive pressures in the automation space.
Rapid decline in AI pricing could pressure Thoughtful to lower prices, affecting profit margins.

Differentiation

Thoughtful AI integrates seamlessly with existing RCM tech stacks, enhancing healthcare efficiency.
Their AI agents, CAM, EVA, and PHIL, reduce claim denials and improve payment processes.
Thoughtful AI goes beyond RPA, using LLMs, NLP, and OCR for advanced automation.

Upsides

AI agents reduce operational costs and improve efficiency for healthcare providers.
Unlimited throughput of AI agents allows handling of any workload flawlessly.
Growing AI agent competition may drive down costs, increasing accessibility for mid-market providers.

Funding

Total raised$34.85 M
Latest valuation$100.00 M
StageSERIES_A
$20
$100.00 M
$10
$50.00 M
ANGEL
10/31/2020
$1
$4.13 M