What You Should Know: - Covera Health, an AI-enabled diagnostic technology company, has announced securing up to $50M in additional Series C funding. This substantial funding aims to support their mission of reshaping the role of radiology on a national scale. - The company's platform employs advanced data analytics and AI to enhance the quality and efficiency of radiology services. Their innovative approach focuses on improving radiology outcomes while reducing costs and unnecessary
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
AdaptX Secures $10M for AI-Powered, Self-Serve Clinical Management
What You Should Know: - AdaptX, a self-serve clinical management solution company raises $10M in funding led by Cercano Management and included participation from notable entities, such as Memorial Hermann Health System, Morningside Ventures, and returning investors Founders' Co-op, Fortson VC, Star Equity, and WRF Capital. The company's focus is on using AI-driven technology to enable clinical leaders to make data-informed decisions and optimize patient care processes with a positive
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Rymedi Raises $9M for Blockchain-Secured Data Platform
What You Should Know: Rymedi, a healthcare data exchange platform with advanced blockchain security, has announced a Series A totaling $9 million with plans to expand the reach of their platform.The round was co-led by RW3 Ventures and White Star Capital with participation from Blockchange Ventures, Avalanche’s Blizzard Fund, and strategic angel investors from the healthcare industry. Rymedi, which serves over 1 million patients in over 1,200
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Abridge Raises $30M for Generative AI Scribe to Tackle Clinician Burnout
What You Should Know: - Abridge, a company leading the way in generative AI for healthcare raises $30M in Series B funding led by Spark Capital, along with several leading healthcare innovators, including Mayo Clinic, Kaiser Permanente Ventures, CVS Health Ventures, UC Investments, Lifepoint Health, SCAN Health Plan, and the American College of Cardiology. - Abridge’s generative AI scribe automatically converts a patient-clinician conversation into a structured clinical note draft in
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RadiantGraph Launches with $5M to Bring AI Personalization to Health Plans
What You Should Know: - RadiantGraph, a platform using machine learning and artificial intelligence to drive consumer engagement for health plans, today announced its launch today after raising $5 million in Seed funding in a round led by True Ventures and XYZ Ventures, with participation from Remus Capital. - The company plans to use the funding to accelerate growth, which includes partnering with new healthcare organizations and advancing their enterprise health and
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OrbiMed Secures $4.3B to Invest in Healthcare Startups Globally
What You Should Know: - OrbiMed, a global healthcare investment firm raises $4.3B in commitments across its four investment funds: OrbiMed Private Investments IX, OrbiMed Asia Partners V and OrbiMed Royalty & Credit Opportunities IV. - The $4.3B will be used to invest globally, from the seed stage for start-ups incubated by OrbiMed through growth capital opportunities. Investors in these new funds include a broad range of medical institutions, university endowments, foundations,
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Prolucent Secures $4M for Healthcare Workforce Optimization
What You Should Know: - Dallas-based Prolucent, a healthcare workforce optimization company announced it has secured $4M in funding by A1 Health Ventures. Joe Greskoviak, former CEO of Press Ganey and Managing Director of A1 Health Ventures, has joined Prolucent’s Board of Directors. - The new capital will fuel Prolucent’s continued product innovation to help healthcare providers nationwide gain control of labor costs, build a better-balanced workforce, and meet the demands of a
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Pair Team Secures $9M to Connect Underserved Communities to Care
What You Should Know: Pair Team, a virtual and community-based primary care solution connecting Medicaid's highest-risk patients to high-quality care, today announced it has raised $9 million in Series A funding. The financing was led by NEXT VENTURES, with participation from PTX Capital, Kapor Capital, Kleiner Perkins, Y Combinator, and several notable healthcare angel investors including Jay Desai.The funding will be used to help Pair Team accelerate its
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Gero Raises $6M for Physics-Powered GenAI Biotech
What You Should Know: Gero, a biotechnology company focused on aging and chronic diseases, has closed $6M in a Series A extension round.This funding round positions Gero to continue internal drug development programs, grow its scientific team to boost platform technology development, and expand its US presence. The round was led by Melnichek Investments, a Cyprus-based VC firm that seeks to improve the quality of human lives by funding and supporting promising, potentially high-impact,
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Waymark Secures $42M to Expand Community-Based Care for Medicaid Patients
What You Should Know: - Waymark, a San Francisco, CA-based Medicaid provider enablement company raises $42M in new financing to scale technology-enabled, community-based care for primary care providers and their patients enrolled in Medicaid programs. The round was led by Lux Capital and CVS Health Ventures joins as a new investor. - Existing investors Andreessen Horowitz (a16z) and New Enterprise Associates (NEA) also participated in the round. The investment consists of $22M in
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