Cylerity, a healthcare fintech company that helps providers access capital faster, has raised $4 million in an oversubscribed equity round, the company announced today.

According to a release, the round was led by HealthX Ventures with participation from C2 Ventures, Upstream Ventures, Wisconsin Investment Partners and Tundra Angels. Cylerity also established a debt facility of up to $24 million from First Business Bank.

“Providers shouldn’t have to wait months to get paid for care they’ve already delivered,” Cylerity Founder and CEO Ryan Wheeler said in a statement. “By valuing receivables in real time, we give practices the financial predictability they need to keep operations running smoothly and patients cared for without disruption.”

The company plans to use the funding to expand its engineering and data science teams and scale its partnership with both healthcare and financial institutions nationwide.

Cylerity’s platform uses AI-enabled anomaly detection and machine learning valuation models to predict when claims will be paid and how much will be reimbursed, allowing funds to be advanced within 24 hours of claim submission.