238: Raised $12.5M to eliminate US healthcare's biggest problem Coral AI

What does it take to fix the most broken system in America — from the outside? Ajay and Aniket, co-founders of Coral AI, had zero healthcare experience when they started. What they had was a burning problem, a one-way plane ticket to the US, and a relentless drive to understand healthcare from the ground up — visiting 17 cities in 30 days, becoming interns, and reading thousands of faxes doctors still send in 2026. In this episode of Zee47 Moments, Ashwin and Vikram sit down with the founders to unpack how Coral is using AI to eliminate the administrative chaos of patient referrals — cutting weeks of back-and-forth down to minutes — and how they're building one of the most AI-native companies in healthcare. 🔍 What we cover: • Why 40% of primary care visits result in a referral — and how that process is broken • How fax machines still run US healthcare in 2026 • The technology behind going from 80% to 99.1% accuracy on medical documents • Why Epic and OpenAI can't solve this problem — but Coral can • Winning head-to-head against a competitor that raised $100M+ • The "forward deployed engineer" model and why it's not services • Building a lean, 10x team of future founders Coral just raised $12.5M led by Zee47. This is their story. ───────────────────────────── CHAPTERS 0:00 17 days to get a scan 2:22 Picking healthcare with zero healthcare background 4:48 17 cities in 30 days and the Mamba mentality 8:26 Inside the fax machine: how a US referral actually works 14:16 Getting to 99% accuracy (and why 95% isn't enough) 20:48 Beating a competitor with 10x the money 24:56 $100K to $500K without a sales team 28:07 The 10X-only team and the FTE model done right 33:40 Failure, rapid fire, and what's next Follow Z47 Website - Instagram - LinkedIn -

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238: Raised $12.5M to eliminate US healthcare's biggest problem Coral AI is an episode from Matrix Moments by Matrix Partners India.

This episode is 37:51 long.

This episode was published on Apr 20, 2026.

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