What You Should Know: - Hippocratic AI, a company developing a safety-focused Large Language Model (LLM) for healthcare raises $53M in Series A funding, bringing their total funding to $120M. The round was co-led by Premji Invest and General Catalyst with participation from SV Angel and Memorial Hermann Health System as well as existing investors Andreessen Horowitz (a16z) Bio + Health, Cincinnati Children’s, WellSpan Health, and Universal Health Services (UHS). - The company also launched
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Zephyr AI Secures $111M to Democratize Precision Medicine with Explainable AI
What You Should Know: - Zephyr AI, a healthcare technology company pioneering explainable AI (XAI) for precision medicine, raises $111M in Series A round led by Revolution Growth, Eli Lilly & Company, Jeff Skoll, and EPIQ Capital Group. - The company plans to use this round of funding to refine its technology to fortify its extensive collection of training and validation datasets, crucial for robust AI models, deliver results even faster, and expand its scientific and commercial
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Pi Health Secures $30M to Democratize Cancer Clinical Trials
What You Should Know: - Pi Health, a newly independent oncology-focused clinical research company raises $30M in Series A funding led by AlleyCorp and Obvious Ventures, with additional investments from Invus Capital and leaders in oncology from across the globe. - The company, previously incubated by BeiGene (NASDAQ: BGNE), aims to revolutionize access to innovative cancer treatments through its technology platform and global network of clinical trial sites. Less Than 8% of
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HiLabs Secures $39M to Tackle Dirty Healthcare Data with AI
What You Should Know: HiLabs, a leading provider of AI-powered solutions to manage dirty data, unlocking its hidden potential for healthcare transformation, today announced a $39 million Series B financing.The round was led by Denali Growth Partners and Eight Roads Ventures, with participation from F-Prime Capital. The capital raise follows rapid customer adoption of its healthcare data ingestion, cleansing, and enrichment platform, MCheck™, and will support continued enhancement of the
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Assort Health Secures $3.5M for Generative AI Solution for Healthcare Call Centers
What You Should Know: Assort Health is introducing the first generative AI solution built specifically for healthcare call centers, promising to erase that dreaded hold music forever.The company is announcing $3.5 million in funding, which will be used to continue scaling the team to meet rapidly accelerating demand with large healthcare organizations. Revolutionizing Healthcare Communication: Assort Health's AI-Powered Patient Call Automation Matt Humphrey, Partner at Quiet
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HIMSS24: CodaMetrix Secures $40M for AI-Driven Medical Coding Solutions
What You Should Know: - CodaMetrix, a provider of artificial intelligence (AI) solutions for healthcare revenue cycle management, has announced the successful closing of its $40 million Series B funding round led by Transformation Capital with participation from existing investors SignalFire, Series A lead, and Frist Cressey Ventures. - The Series B funding round will fuel further development of CodaMetrix's AI-powered platform, designed to streamline medical coding, improve data quality,
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Foundation Health Secures $6M to Power API-based Pharmacy and Telehealth Products
What You Should Know: - Foundation Health, a healthcare technology company empowering clients in building and launching modern, digital-first pharmacy and telehealth solutions at scale secures $6M in seed funding. - The seed round included participation from Garry Tan (CEO, Y Combinator), Transpose Platform, Tuesday VC, and prominent venture capital firms like Alt Capital, Box Group, and Liquid Ventures. Additionally, angel investors Paul Johnson (Lemonaid) and Meghan Fitzgerald (Grey
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BrainCheck Secures $15M to Transform Digital Cognitive Care
What You Should Know: - BrainCheck, Inc., an innovator in digital cognitive assessment raises $15M in Series A funding led by Next Coast Ventures, S3 Ventures, and UPMC Enterprises, the innovation arm of UPMC. - Alongside the funding, BrainCheck welcomes Nicholas Shapiro, Vice President of UPMC Enterprises, to their Board of Directors. This strategic partnership strengthens BrainCheck's leadership and facilitates integration opportunities within the healthcare landscape. Digital
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Chamber Secures $8M to Empower Cardiologists to Transition into Value-Based Care
What You Should Know: - Chamber Cardio (Chamber), a groundbreaking healthcare company designed to support cardiologists in the transition to value-based care raises $8M in seed funding led by General Catalyst, with participation from existing investor AlleyCorp and additional support from Company Ventures, American Family Ventures, and City Light. - By providing technology-enabled support and a deep understanding of value-based care, Chamber empowers cardiologists to deliver high-quality
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Bone Health Technologies Raises $5M for Osteopenia Care
What You Should Know: Bone Health Technologies (BHT), a health technology innovator developing breakthrough non-invasive solutions for bone health, today announced the company has raised a new $5 million funding round from leading investment firms, including Esplanade Ventures, Berkeley Catalyst Fund, as well as strategic investor and leading global medical technology provider Terumo Medical. Ella Seitz of Esplanade Ventures and Yushin Yazaki of Terumo were appointed
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