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A health care AI startup just raised $70 million at a $7 billion valuation while doing 85% of the work without humans. Meet Camure, the company quietly running the back office of 130 plus of America's biggest hospitals, including HCA and Tenet. But here's the wild part. While everyone's chasing the next chat GPT, Camure went the opposite way. Instead of building a general AI, they built agents that live inside one industry's chaos. Insurance codes, claim denials, payer rules, billing. Boring? Sure. Lucrative? Insanely. Because U.S. healthcare burns $1 trillion a year on admin work, and Camure's AI now processes tens of billions in payments automatically. This is the rise of vertical SAS. AI built so deep into one industry that switching costs become impossible. Open AI can't replicate it. Anthropic can't touch it. Because the moat isn't the model. It's the proprietary data, the workflows, the regulatory maze. A 16Z called it. The future isn't AI charging per seat. It's AI replacing the seat entirely. And in healthcare, that future just hit $7 billion.

A health care AI startup just raised $70 million at a $7 billion valuation while doing 85% of the work without humans. Meet Camure, the company quietly running…