- Companies
- Latent
Latent Valuation, Funding & Investors
Latent is valued at $600M as of March 2026.
Last Latent valuation
$600M
Series A · Mar 2026
Last Latent funding round
$80M
Series A · Mar 2026
Cumulative funding Latent raised
$94M
across 3 funding rounds
Key investors in Latent
Y Combinator
General Catalyst
Spark Capital
Transformation Capital
Conviction
McKesson Ventures
About Latent
Latent is a Boston-headquartered clinical AI platform partnering with health systems like Mass General Brigham to automate prior authorizations and 340B compliance. It processes appeals and pharmacy workflows to shorten patient time-to-therapy nationwide.
Founded
2022
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$600M (Mar 2026)
Latent Valuation
Latent is currently valued at $600M, based on its Series A in March 2026.
The $80M round was led by Spark Capital and Transformation Capital, with participation from General Catalyst, McKesson Ventures, Conviction and Y Combinator.
Latent valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Mar 2026 | Series A | $600M |
Latent Funding History
Latent has raised a total of $94M across 3 funding rounds.
Latent's first fundraising round was a $500K pre-seed round in April 2023. The most recent completed round was a $80M Series A in March 2026.
Latent funding rounds
| Date | Stage | Investors | Raised | Valuation |
|---|---|---|---|---|
| Mar 2026 | Series A | Spark Capital (lead); Transformation Capital (lead); General Catalyst; McKesson Ventures; Conviction; Y Combinator | $80M | $600M |
| Sep 2024 | Seed | - | $13M | - |
| Apr 2023 | Pre-seed | Y Combinator (lead) | $500K | - |
Who has invested in Latent?
6 investors have backed Latent across its funding rounds, including Y Combinator, General Catalyst, Spark Capital, Transformation Capital, Conviction and McKesson Ventures.
Lead investors include Spark Capital, Transformation Capital and Y Combinator.
Latent Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Apr 2023 | ||
| 1 | Participant | Mar 2026 | ||
| 1 | Participant | Mar 2026 | ||
| 1 | Participant | Mar 2026 | ||
This data is available for Pro users. Sign up to see all 6 Latent investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialLatent Competitors
Latent competitors include listed companies like Yidu Tech and Claritev, and private ones like Tennr, Rad AI, Overjet and Suki.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $605M | - | ||
| Private | - | - | $525M | - | ||
| Private | - | - | $712M | - | ||
| Private | $105M | - | $500M | - | ||
| Publicly listed | $122M | ($4M) | $449M | 1.2x | ||
| Publicly listed | $965M | $466M | $538M | 5.2x |
Latent Public Comps
Latent is still privately-owned, but its public comps include Hanwang Technology Co, Craneware, Unisound Ai Technology, Weave Communications, Baida Group Co, RaySearch Labs, PKSHA Technology, Phreesia, ExaWizards and Shang Gong Group.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $282M | ($14M) | 2.2x | - | (44.4x) | - | |||
| $206M | $59M | 2.8x | 2.7x | 9.7x | 8.7x | |||
| $181M | ($22M) | 3.0x | 2.1x | (24.5x) | (36.1x) | |||
| $239M | ($13M) | 2.3x | 2.1x | (44.4x) | 35.9x | |||
| $31M | $9M | 13.6x | - | 45.2x | - | |||
| $137M | $59M | 4.4x | 4.2x | 10.1x | 9.3x | |||
| $140M | $47M | 4.1x | 2.4x | 12.2x | 10.7x | |||
| $481M | $27M | 1.3x | 1.3x | 23.2x | 5.3x | |||
This data is available for Pro users. Sign up to see all Latent competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Latent
| When was Latent founded? | Latent was founded in 2022. |
| Where is Latent headquartered? | Latent is headquartered in San Francisco, CA, United States. |
| Is Latent publicly listed? | No, Latent is a private, VC-backed company. |
| What is Latent's valuation? | Latent was last valued at $600M in its Series A in March 2026. |
| How much funding has Latent raised? | Latent has raised $94M across 3 funding rounds. |
| What was Latent's last funding round? | Latent's last funding round was a $80M Series A in March 2026, led by Spark Capital and Transformation Capital. |
| Who are Latent's investors? | Latent's investors include Y Combinator, General Catalyst, McKesson Ventures, Conviction, Spark Capital and Transformation Capital. |
| Which companies are comparable to Latent? | Companies comparable to Latent include Tennr, Rad AI, Overjet, Suki, Yidu Tech and Claritev. |
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