Nitra Secures $187 Million to Automate Healthcare Practice Operations

Nitra announced Tuesday (March 10) that it raised $187 million for its artificial intelligence-native operating platform for healthcare practices.

This total includes a $50 million Series B round, a previously unannounced $22 million Series A round completed in August, $20 million in venture debt and an expanded $95 million warehouse facility, the company said in a Tuesday press release emailed to PYMNTS.

The financing brings Nitra’s total capital raised to $205 million, and its total equity raised to $90 million, according to the release.

Nitra’s platform embeds AI agents into the operations of healthcare practices, providing help with financial automation, commerce, inventory and patient management, the release said.

Launched in 2024, the platform is now used by more than 700 clinics and processes over $1 billion in annualized volumes. Nitra’s annualized revenues grew from $4 million to $33 million in 2025, per the release.

With the new financing, Nitra plans to accelerate its AI development, expand its engineering team and scale its operating system to more healthcare practices across the United States, according to the release.

“Practices are running critical workflows across disconnected systems that were never designed to work together,” Nitra CEO Tim Hwang said in the release. “Nitra brings those layers together into a single AI-native operating system that helps healthcare practices run their operations more efficiently.”

Adarsh Bhatt, general partner at Comma Capital, one of the company’s investors, said in the release that Nitra has consistently added to the capabilities of its platform.

“As someone who regularly speaks with clinicians and practice owners, it’s clear there is a strong demand for modern financial and operational infrastructure purpose-built for healthcare practices,” Bhatt said. “This round positions Nitra to deepen that platform and expand the capabilities providers rely on every day.”

Nitra’s first product was a Visa Business card for physicians that the company launched in August 2022. The company said at the time that it planned to bring modern financial products, integrated medical software and supply chain solutions to practitioners and physicians in the healthcare industry.

Jonathan Chen, founder and current president of Nitra, told PYMNTS CEO Karen Webster in February 2024 that the company added a medical supply marketplace as it continued to work to streamline back-office operations for physicians.

“When you think about how you can best serve the market, one major thing is honestly just getting the best deals and having the lowest prices,” Chen said.

It was reported in December that health systems are actively embracing AI systems to save time by tackling the “grunt work” of dealing with documentation and other tasks.