Greylock Partners, SignalFire and Maverick led a $40m round in Mandolin.

Greylock Partners, SignalFire and Maverick, venture capital frims, led a $40m round in Mandolin, AI automation company, with participation from SignalFire, Maverick, SV Angel, Jerry Yang and Guillermo Rauch. “Insurance companies make the approval process challenging for specialty medications. Infusion providers, pharmacies, and health systems spend an excessive amount of manpower on basic tasks like checking insurance coverage, submitting prior authorizations, or verifying reimbursement amounts, which take weeks of time per prescription and lead to millions in bad debt. Leveraging the latest advancements in AI, we saw an opportunity to build autonomous agents that can tackle these workflows for providers in minutes and more reliably,” Will Yin, Mandolin CEO and co-founder.