Codoxo
Codoxo sells AI-powered fraud detection software for healthcare payers, using patented algorithms to identify suspicious claims. The Atlanta-based company has raised $50M, including a Series C in December 2025, and employs 95 people.
The growth story
Codoxo grew from 39 to 95 employees between 2021 and 2026, raising $50M along the way, most recently a Series C in December 2025.
About
Codoxo's platform analyzes healthcare claims data to flag potential fraud, waste, and abuse for insurers and payers. Its AI approach aims to detect issues faster than traditional rule-based systems, helping clients reduce improper payments.
The company has attracted funding from healthcare-focused investors including CVS Health Ventures and Echo Health Ventures. Its 95-person team reflects steady growth since its 2016 founding as Fraudscope, with engineering making up nearly a third of staff.
Founders and leadership
Engineering dominates Codoxo's organization at 30 employees, suggesting a product-driven culture. The leadership team appears stable given the 4-year median tenure, with Atlanta-area schools supplying much of the technical talent.
The Codoxo org chart
Musheer Ahmed (CEO & Founder) leads 28 mapped leaders with 8 direct reports. Click +N to expand a team; names link to the person’s public profile.
Departments, and which ones grew
Headcount by function: Engineering 28 (-3% YoY), Information Technology 14 (+17% YoY), Operations 10 (+43% YoY), Finance 7 (-12% YoY), Business Development 7 (0% YoY), Sales 5 (+25% YoY).
Talent flow
Codoxo recruits heavily from Georgia Tech (11 alumni) and draws experienced hires from insurers like Anthem and Optum. Departures are sparse but include moves to Google and healthcare-focused startups like Alaffia Health.
Most common previous employers of Codoxo staff: Georgia Institute of Technology (6), The Home Depot (4), Anthem (4), Optum (4), SCIO Health Analytics® (3), Verizon (3). Former Codoxo employees most often moved to Google (2), restor3d (1), Baron (1), Alaffia Health (1), Shift Technology (1), Beta Systems Software (1).
Alumni worth knowing
Hiring now
Web traffic
Traffic mix: 40% direct, 43% search, 9% social, 1% paid.
What this company is made of
Most common skills at Codoxo: Leadership (32), SQL (30), Python (Programming Language) (28), Project Management (27), Data Analysis (26), Microsoft Office (25), Analytical Skills (22), Management (20).
Where the team actually sits
Codoxo people are concentrated in Georgia, United States (20), Atlanta Metropolitan Area (10), United States (5), Virginia, United States (4).
Search footprint
Codoxo attracts about 207 organic search visits a month, traffic worth roughly $3K a month if bought through ads. It gained 93 ranking keywords and lost 93 in the last period.
What employees say
- Compensation
- 3.80 / 5
- Career opportunities
- 4.00 / 5
- Senior management
- 4.20 / 5
- Work-life balance
- 4.00 / 5
Frequently asked
Codoxo has 95 employees as of September 2026.
Codoxo has raised $50M in total, most recently a Series C round in December 2025.
Codoxo was founded in 2016 by Mustaque Ahamad, Musheer Ahmed.
Musheer Ahmed (CEO & Founder) sits at the top of Codoxo's reporting structure, with 8 direct reports.
The most common previous employers of current Codoxo staff are Georgia Institute of Technology (6 people), The Home Depot (4 people), Anthem (4 people).
Former Codoxo employees most often move to Google (2), restor3d (1), Baron (1).
Codoxo attracts about 207 organic search visits a month, worth roughly $3K a month in equivalent ad spend.
The most common skills among Codoxo staff are Leadership, SQL, Python (Programming Language), Project Management, Data Analysis.
Codoxo staff are concentrated in Georgia, United States (20), Atlanta Metropolitan Area (10), United States (5).
Codoxo has about 28 people in Engineering, down 3% over the past year, as of September 2026.
Codoxo has about 14 people in Information Technology, up 17% over the past year, as of September 2026.
Computed from 72 current and 55 former Codoxo profiles, as of September 2026. Source: Crustdata.
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