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§ Private Profile · San Francisco, CA, USA
Technology-enabled primary and urgent care provider with clinics and AI-integrated health record technology.
Carbon Health is a technology-enabled primary and urgent care provider that combines digital health platforms with in-person clinics to deliver accessible medical services. The vertically integrated healthcare company operates a proprietary end-to-end care platform and reached a valuation of over $2 billion in 2020 while managing 15 active clinics. Beyond direct patient care for acute and chronic medical conditions, the organization increasingly markets its artificial intelligence-integrated electronic health record technology to external provider groups. The executive leadership team includes Chief Executive Officer Kerem Ozkay and Chief Medical Officer Sujal Mandavia. This follows a 2024 transition that saw the former chief executive return to his previous venture Udemy, an educational platform with over 50 million learners. Operating across the broader healthcare technology and medical services sector, Carbon Health was originally founded in 2015 by Eren Bali.
Carbon Health has raised $982.5M across 11 funding rounds.
Carbon Health has raised $982.5M in total across 11 funding rounds.
Carbon Health is a technology-enabled healthcare provider offering primary care, urgent care, clinics, and telemedicine through an integrated app and AI-driven electronic health record (EHR) system.[1][3][6] It serves patients seeking convenient access to care—virtual, in-person, or at-home—while partnering with businesses, schools, and governments to solve barriers like scheduling, records access, and administrative burdens.[1][2][3] The company addresses fragmented healthcare by streamlining workflows, enabling same-day visits, prescription management, secure messaging, and AI-powered note-taking to reduce provider burnout and improve outcomes.[1][4][5] With rapid funding growth—including $350M in 2021—and expansion to omnichannel services for chronic conditions, Carbon Health demonstrates strong momentum in digitizing primary care.[3][7]
Carbon Health was founded in 2015 in San Francisco by Eren Bali (Udemy co-founder), engineer Tom Berry, and physician Greg Burell, starting as a software platform for medical records, telehealth, messaging, and scheduling.[3] The team built it by operating a private clinic serving 750 patients to test the tech.[3] In 2017, they launched a mobile app and met Dr. Caesar Djavaherian, whose urgent care chain piloted their software; this led to a 2018 merger, adding seven Bay Area clinics and making Djavaherian the fourth co-founder.[3] Pivotal moments included 2019-2021 funding rounds totaling over $500M amid COVID-19 demand, fueling clinic growth and virtual services.[3]
Carbon Health rides the digital health transformation wave, blending tech with traditional medicine amid rising telehealth demand post-COVID and clinician shortages.[1][3][4] Timing aligns with AI adoption in healthcare—evident in their EHR innovations—fueled by market forces like EHR frustrations, remote care needs, and employer health programs.[4][5][7] It influences the ecosystem by vertical integration (owning clinics and software), enabling scalable AI tools that could be sold to others, and expanding primary/chronic care access, challenging legacy providers.[1][4][5]
Carbon Health is poised to scale its AI-first platform into a broader SaaS offering for providers while growing hybrid clinics and chronic care programs.[4][5][7] Trends like AI regulation, value-based care, and sensor-driven monitoring (e.g., diabetes) will shape it, potentially boosting margins via cost savings and partnerships.[1][5][7] Its influence may evolve from clinic operator to tech exporter, solidifying accessible, tech-powered healthcare as the norm—echoing its founding mission to make world-class care reachable for all.[1][6]
Carbon Health has raised $982.5M in total across 11 funding rounds.
Carbon Health's investors include CVS Health, AngelPad, Bloomberg Beta, Builders VC, Makers Camp, Mark Williamson, Scott Bommer, Alex Smith, Amanda Fairey, Dave Clark, Karim Temsamani, Khris Middleton.
Carbon Health has raised $982.5M across 11 funding rounds. Most recently, it raised $100.0M Series D in January 2023.