About
Collectly is an AI-powered patient billing and revenue cycle platform. SF-based, founded 2017 by Levon Brutyan and Max Mizotin. Raised $34.1M total ($29M Series A July 2023 led by Sapphire Ventures, YC). Improves collections 75%, DSO to 12 days. 3,000+ healthcare orgs, $1B+ payments processed. Launched Billie AI voice agent (2025). SOC 2, HITRUST, HIPAA compliant.
Key Facts
- [1]Funding: Total funding: $35M. Last round: Jul 2023. Stage: Early Stage.
- [2]Employees: Employee count: 11-50.
- [3]Website: Official website: collectly.co.
- [4]AI Technology: Core AI/ML technologies: Predictive ML.
- [5]Region: Region: Americas (United States).
Founder
Levon Galstyan
Founder & CEO
AI Technology
Predictive ML
Traditional ML algorithms for classification, regression, and scoring models
Classification
Market Segments
Tech Stack Layers
Details
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Frequently Asked Questions
What is Collectly?
Collectly is an AI-powered patient billing and revenue cycle platform. SF-based, founded 2017 by Levon Brutyan and Max Mizotin. Raised $34.1M total ($29M Series A July 2023 led by Sapphire Ventures, YC). Improves collections 75%, DSO to 12 days. 3,000+ healthcare orgs, $1B+ payments processed. Launched Billie AI voice agent (2025). SOC 2, HITRUST, HIPAA compliant. Collectly is classified in the Lending & Credit segment at the Automation layer of the financial AI stack.
Who founded Collectly?
Collectly was founded by Levon Galstyan (Founder & CEO).
How much funding has Collectly raised?
Collectly has raised $35M in total funding, placing the company at the Early Stage stage. The most recent round closed in Jul 2023. Among 81 funded Lending & Credit companies, Collectly ranks #65 by total capital raised. (Source: AIFI Map directory.)
What AI technology does Collectly use?
Collectly primarily leverages Predictive ML technology. Traditional ML algorithms for classification, regression, and scoring models. Within the Lending & Credit segment, 58 companies use this technology.
What market segment does Collectly operate in?
Collectly operates in the Lending & Credit market segment. AI lending and credit companies are reimagining how creditworthiness is assessed, loans are originated, and debt is managed across consumer, small business, and commercial markets.
Who are Collectly's competitors?
Companies similar to Collectly in the Lending & Credit space include Greenlite ($20M raised), Upstart ($160M raised), Zest AI ($357M raised), Pagaya ($75M raised), Scienaptic AI ($17M raised). These companies operate in related areas of financial AI: Greenlite focuses on ai agents that accelerate aml reviews. Upstart focuses on ai lending platform using alternative data for credit decisions. Zest AI focuses on ai-automated underwriting for credit unions and banks. (Based on AIFI Map classification data.)
What products does Collectly offer?
Collectly builds automation-layer solutions for the financial services industry. The company's core offering: AI healthcare revenue cycle collection. The platform is powered by Predictive ML technology.