healthcare-administration
(2)
Elad Ferber
Elad Ferber is the CEO and co-founder of Synthpop, a healthcare AI company that uses multi-agent automation to handle the administrative work behind patient care - referrals, prior authorizations, eligibility checks, documentation, and claims. A former Israeli Air Force Talpiot cadet and systems engineer with a Stanford MBA, Ferber previously co-founded the remote patient monitoring startup Spry Health, which was acquired by ZOLL Itamar in 2021. Founded in 2023 with CTO Jan Jannink, Synthpop has raised $23 million to date and pitches its AI as a labor solution that compresses 40-minute back-office tasks into under a minute.
Fawad Butt
Fawad Butt is the co-founder and CEO of Penguin AI, a Palo Alto-based healthcare AI platform company that raised $29.7M in Series A funding in September 2025. A former Chief Data Officer at Kaiser Permanente, UnitedHealthcare, and Optum, Butt spent years on the buyer side spending hundreds of millions on generic tech before deciding to build the solution healthcare actually needed. Penguin AI targets the $1 trillion annual administrative burden in US healthcare with purpose-built agentic AI, small language models, and digital workers that compress prior authorization reviews from 30 minutes to under two, positioning itself as 'the Epic of the healthcare back office.'