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

Latent Overview

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

United StatesSan Francisco, CA

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

Latent valuation by funding round
DateStageValuation
Mar 2026Series 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

Latent funding rounds
DateStageInvestorsRaisedValuation
Mar 2026Series ASpark Capital (lead); Transformation Capital (lead); General Catalyst; McKesson Ventures; Conviction; Y Combinator$80M$600M
Sep 2024Seed-$13M-
Apr 2023Pre-seedY 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

Investors in Latent by funding rounds participated
InvestorHQRoundsRoleFirst check
Y CombinatorUnited StatesSan Francisco, CA2LeadApr 2023
General CatalystUnited StatesSan Francisco, CA1ParticipantMar 2026
McKesson VenturesUnited StatesSan Francisco, CA1ParticipantMar 2026
ConvictionUnited StatesUnited States1ParticipantMar 2026

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Latent Competitors

Latent competitors include listed companies like Yidu Tech and Claritev, and private ones like Tennr, Rad AI, Overjet and Suki.

Public and private companies comparable to Latent
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
TennrUnited StatesNew York City, NYPrivate--$605M-
Rad AIUnited StatesSan Francisco, CAPrivate--$525M-
OverjetUnited StatesBoston, MAPrivate--$712M-
SukiUnited StatesSan Francisco, CAPrivate$105M-$500M-
Yidu TechChinaChinaPublicly listed$122M($4M)$449M1.2x
ClaritevUnited StatesUnited StatesPublicly listed$965M$466M$538M5.2x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Hanwang Technology Co$282M($14M)2.2x-(44.4x)-
Craneware$206M$59M2.8x2.7x9.7x8.7x
Unisound Ai Technology$181M($22M)3.0x2.1x(24.5x)(36.1x)
Weave Communications$239M($13M)2.3x2.1x(44.4x)35.9x
Baida Group Co$31M$9M13.6x-45.2x-
RaySearch Labs$137M$59M4.4x4.2x10.1x9.3x
PKSHA Technology$140M$47M4.1x2.4x12.2x10.7x
Phreesia$481M$27M1.3x1.3x23.2x5.3x

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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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