Commure
-65%
est. 2Y upside i
Commure (FKA Athelas) is an AI-powered operating system for healthcare providers that connects data and workflows while boosting clinical and financial performance.
Rank
#3434
Sector
Healthcare Technology
Est. Liquidity
~3Y
Data Quality
Data: MediumCommure has strong growth and a large addressable market, but its current $7B valuation implies a 35x multiple on trailing revenue.
Last updated: July 19, 2026
Assuming an IPO catalyst drives the exit multiple to 12x forward revenue, enterprise value reaches $6.2B. After 20% dilution, upside is -31.9% from entry.
Multiple converges to 7.5x, in line with public comps, yielding $3.9B. After 20% dilution, downside is -64.9%.
Multiple compresses to 5x due to incumbent competition and slower growth, exit value $2.6B. After 20% dilution, downside is -83.3%.
Preference Stack Risk
moderateFunding Intensity
12%Total preferred funding of $823M represents 11.8% of valuation, but preference overhang is moderate given exit values exceed this amount in all scenarios.
Dilution Risk
moderatePotential for additional fundraising within 2 years given high cash burn, estimated 20% dilution.
Secondary Liquidity
limitedNo secondary market data; liquidity likely limited until IPO or acquisition.
Operations — 28 roles
- Analyst (Central Ops) · Mountain View, CA
- Chief of Staff · Mountain View, CA
- Implementation Analyst · Mountain View, CA
- +25 more →
Engineering — 16 roles
- Forward Deployed Engineer · Mountain View, CA
- Fullstack Engineer, Integrations · Mountain View, CA
- Senior Backend Engineer · Mountain View, CA
- +13 more →
Global Operations — 9 roles
- Country Head (India) · Gurugram, India
- Data Operation Analyst (India) · Gurugram, India
- Data Operations Analyst (Bangladesh) · Dhaka, Bangladesh
- +6 more →
Enterprise — 8 roles
- Assistant Manager, RCM Operations (Bangladesh) · Dhaka, Bangladesh
- Director of Enterprise Marketing · United States
- Director of Sales Enablement, Enterprise · United States
- +5 more →
Finance & Accounting — 7 roles
- Accounts Receivable Accountant (Bangladesh) · Dhaka, Bangladesh
- Manager, Billing & Collection Operations · San Francisco Bay Area or Remote
- Manager/Senior Manager, FP&A & Strategic Finance · Mountain View, CA
- +4 more →
People & Talent — 4 roles
- Senior GTM Recruiter · Mountain View, CA
- Senior Human Resources Generalist, Compliance · Mountain View, CA
- Senior Recruiter (Bangladesh) · Dhaka, Bangladesh
- +1 more →
Global Engineering — 3 roles
- Governance, Risk, and Compliance Lead (India) · Bengaluru, India
- Security Engineer, Threat & Vulnerability Management (India) · Bengaluru, India
- Software Engineer, EHR Platform & Data (India) · Gurugram, India
G&A — 2 roles
- Assistant Officer, Facilities BD (Bangladesh) · Dhaka, Bangladesh
- Senior Talent Acquisition Specialist, HR (India) · Gurugram, India
Corporate — 1 role
- Growth Marketing Manager · Mountain View, CA
Design — 1 role
- Staff Product Designer, Insights · Mountain View, CA
Legal — 1 role
- Litigation Counsel · United States
Product — 1 role
- Staff Technical Product Manager · Mountain View, CA
Last updated: March 10, 2026
Questions to Ask at the Interview
Strategic questions based on Commure's data — designed to show you've done your homework.
- 1
“How does Commure's AI platform defend against EHR incumbents developing similar capabilities?”
- 2
“What is the unit economics and path to profitability given the high growth and investment?”
- 3
“What is the expected timeline to liquidity and how does the equity package compare to cash compensation at public companies?”
Community
Valuation Sentiment
Our model estimates -65% upside. What do you think?
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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.