Pivot
  • Market Data & Reports
  • Podcasts
  • Events
  • Premium
  • English
    • Uzbek
No Result
View All Result
  • Login
  • News
  • Funding & Deals
  • Startups
  • Venture Capital
  • SaaS & AI
  • Founder Stories
  • Uzbek Startups
Pivot
  • Market Data & Reports
  • Podcasts
  • Events
  • Premium
  • English
    • Uzbek
No Result
View All Result
Pivot

YC-Backed Startup Taxo Raises $5M to Streamline Healthcare Admin

by Gulnoza Sobirova
March 28, 2025
in News
Reading Time: 3 mins read
A A
YC-Backed Startup Taxo Raises $5M to Streamline Healthcare Admin
Share on FacebookShare on TwitterShare on Telegram

Doctors Spend More Time on Paperwork Than Patients

When British doctor Ahmed Kerwan began practicing medicine, he was shocked by the amount of administrative work. Some days, he only had three hours for patient care—while the rest was consumed by documentation, insurance processes, and billing.

Automating Tedious Healthcare Tasks with AI

Today, hundreds of startups are trying to solve this very problem using AI. Platforms like Abridge and Ambience have already stepped into the scene. But Ahmed Kerwan took a different approach by founding his own startup: Taxo.

What Does Taxo Do?

Taxo is a platform built for healthcare professionals that helps automate:

  • Prior authorizations from insurers,
  • Patient intake processes,
  • Medical billing and documentation.

AI-Powered “Reasoning Engine”

What sets Taxo apart is its proprietary AI “reasoning engine.” Unlike traditional black-box AI tools, this system explains:

  • How each decision was made,
  • Why a specific recommendation is being given.

This transparency builds trust between the technology and healthcare professionals.

Drastically Improved Approval Rates

Thanks to its AI engine, Taxo has achieved a 98% approval rate for prior authorizations—significantly higher than the industry average of around 80%.

Custom Healthcare Layer on Top of Leading Models

Taxo enhances existing models like OpenAI’s and Anthropic’s by adding a custom healthcare-focused layer. It’s trained on unique, hard-to-access medical data—making it nearly impossible for competitors to replicate overnight.

As Kerwan puts it: “We didn’t want to get steamrolled every time OpenAI releases a new model.”

$5M Seed Round and Rapid Growth

Taxo recently raised a $5 million seed round led by Y Combinator, General Catalyst, and Character Capital. In just six months, it reached $1 million in annual recurring revenue (ARR) and now serves about 15 clients, including private clinics and government healthcare providers.

Transparent AI for a Skeptical Industry

“Doctors were initially skeptical of tools like ChatGPT,” Kerwan explained, “because they couldn’t trace where recommendations were coming from.”
With Taxo, that changes:

“You can see exactly where we got the information and why it’s being presented.”

Previous Post

New feature from Instagram: Ability to watch videos at 2x speed

Next Post

IT Park announces the winners of the startup competition for young women

Gulnoza Sobirova

Related Posts

Large language models will not become a mere commodity

Large language models will not become a mere commodity

September 5, 2026

Startup Garage launches Irshod.uz platform

September 5, 2026
Farkhod Ibragimov appointed head of Enterprise Uzbekistan

Farkhod Ibragimov appointed head of Enterprise Uzbekistan

September 5, 2026

The initial PoC phase for Aziza AI’s entry into the Chinese market has begun

September 3, 2026
Next Post
IT Park announces the winners of the startup competition for young women

IT Park announces the winners of the startup competition for young women

How can one distinguish between a startup and a sustainably developed company?

How can one distinguish between a startup and a sustainably developed company?

Please login to join discussion

false

  • Latest
  • Trending
  • Comments
Uzbekistan leads regional venture deals, but exit activity is lagging

Uzbekistan leads regional venture deals, but exit activity is lagging

September 7, 2026
Large language models will not become a mere commodity

Large language models will not become a mere commodity

September 5, 2026
The Main Startup Week of Autumn: What Will Take Place at ICT Week 2026?

The Main Startup Week of Autumn: What Will Take Place at ICT Week 2026?

September 5, 2026
Uzbekistan cuts customs payment rate and expands SME financing

Uzbekistan cuts customs payment rate and expands SME financing

September 5, 2026

18-year-old high school dropout raises $6.2M from Y Combinator

October 2, 2025
Junior crisis: are IT training centers creating an army of the unemployed?

Junior crisis: are IT training centers creating an army of the unemployed?

January 6, 2026
Airbnb: The $100 Billion Success Story – Its Origins and Transformative Impact on Hospitality!

Airbnb: The $100 Billion Success Story – Its Origins and Transformative Impact on Hospitality!

January 4, 2025
Alipos startup received a $200,000 investment offer on the “Taqdimot” TV show

Alipos startup received a $200,000 investment offer on the “Taqdimot” TV show

November 25, 2025
$1 billion allocated to the “Mahalla Project” program

$1 billion allocated to the “Mahalla Project” program

AloqaVentures: Fueling Innovation in Uzbekistan’s Startup Ecosystem

AloqaVentures: Fueling Innovation in Uzbekistan’s Startup Ecosystem

Musk’s xAI Valuation Surpasses $40 Billion After Funding Round

What changes does Elon Musk want to make with a $6 billion investment?

What changes does Elon Musk want to make with a $6 billion investment?

Pivot

We are the Intelligence Platform for Founders & Investors in Emerging Markets — combining news, data, and community to unlock opportunities across GCC, Central Asia, and frontier ecosystems.

Follow us

Categories

  • News
  • Funding & Deals
  • Startups
  • Venture Capital
  • SaaS & AI
  • Founder Stories
  • Uzbek Startups

Pages

  • Market Data & Reports
  • Podcasts
  • Events
  • Premium
  • English
    • Uzbek

Recent Post

  • Uzbekistan leads regional venture deals, but exit activity is lagging
  • Large language models will not become a mere commodity
  • The Main Startup Week of Autumn: What Will Take Place at ICT Week 2026?
  • Privacy policy

© 2025 Pivot

Welcome Back!

Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • News
  • Funding & Deals
  • Startups
  • Venture Capital
  • SaaS & AI
  • Founder Stories
  • Uzbek Startups
  • Login
  • Cart
  • uz Uzbek
  • en English

© 2025 Pivot

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?