- Cancer intelligence company, C2i Genomics announced it has raised $100M in financing from Casdin Capital, NFX, Duquesne Family Office, Section 32, iGlobe Partners, Driehaus Capital and others. - Funds will be used to accelerate clinical development and commercialization of the company’s C2-Intelligence Platform, a cancer diagnostics service, that uses AI pattern recognition and whole-genome analysis to provide rapid and cancer-specific detection of residual disease 100x more sensitive than
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Medable Raises $78M to Expand Decentralized Clinical Trials Platform for Patient-Centered Drug Development
What You Should Know: - Medable, Inc., a Palo Alto, CA-based global platform for decentralized clinical trials today announced $78M in new funding to fuel advances in the delivery of digital and decentralized clinical trials, accelerating the industry’s shift to patient-centered drug development. The funding was led by Sapphire Ventures, along with new investor Obvious Ventures and follow-on investment from existing investors GSR Ventures, PPD, Inc., and Streamlined Ventures. - This is
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OpenLoop Raises $3M to Expand Digital Health Marketplace for Clinicians
What You Should Know: - Techstars-backed OpenLoop raises $3M in funding to expand digital health marketplace to connect certified clinicians to telehealth opportunities. - The company plans to use the funding to This financing enables OpenLoop to expedite the development of their marketplace technology and grow their team of experts. OpenLoop, a Des Moines, Iowa-based virtual health company based in today announced their oversubscribed seed round financing of $3 million led by an
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Vericred Nabs $23M for API Platform Exchange for Health Insurance & Employee Benefits
What You Should Know: - Vericred, the data services platform powering digital quote-to-card experiences in health insurance and benefits, announced $23M in Series B funding led by Aquiline Technology Growth with participation from new investors Echo Health Ventures, MassMutual Ventures, Guardian Strategic Ventures, and existing investors Riverside Acceleration Capital, FCA Venture Partners and First Health Capital Partners. - The company plans to use the new capital to expand its teams in
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Cohere Health Raises $36M to Automate Prior Authorization Between Payers & Providers
What You Should Know: - Boston-based health IT company Cohere Health has closed a $36 million Series B funding round led by Polaris Partners, with additional participation from new investors Longitude Capital and Deerfield Management, as well as existing investors Flare Capital Partners and Define Ventures. The round comes less than a year after the company launched, and only 3 months after a Series A extension. - Cohere Health’s AI-based, fully
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Transparent Health Marketplace Raises $30M for Worker’s Compensation Platform
What You Should Know: - Today Transparent Health Marketplace, Inc. (THM) has announced a $30 million Series C led by ARTIS Ventures to implement a completely different approach to workers’ compensation and healthcare – using proven marketplace technology that positively transformed travel, finance and other industries. - New investors in the round include Phase 2 Partners, combined with significant participation from existing institutional and individual investors. The latest funding
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Carta Healthcare Raises $17.3M for AI-Assisted Data Abstraction
What You Should Know: - Carta Healthcare, a provider of AI-powered clinical data abstraction technology and services, is pleased to announce a recent $17.3M Series A investment led by Storm Ventures. AI Digital Innovation Fund (affiliated with Mass General Brigham), CU Health Innovation Fund (affiliated with University of Colorado Anschutz Medical Campus), Asset Management Ventures, Maverick Ventures, Healthy Ventures, Waterline Ventures, Seven Peaks Ventures, Katalyst Ventures, and Atypical
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Digital Companion App Empathy Raises $13M to Help Families Deal with Death
What You Should Know: - Today, Empathy, a digital companion app combining technology and human support to empower bereaved families, is coming out of stealth with $13M in seed funding, backed by major VC firms including General Catalyst and Aleph. - Empathy’s technology streamlines the bureaucracy around loss - freeing families to deal with emotional repercussions and to be there for one another. Launched in 2021 and headquartered in New York and Tel Aviv, Empathy was founded by Ron Gura
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Inbox Health Raises $15M for Intelligent Patient Billing Engagement Platform
What You Should Know: - Inbox Health, the platform modernizing patient payments announced it has raised $15M in Series A funding led by Commerce Ventures with participation from new and existing investors, including venture firms Vertical Venture Partners, Healthy Ventures, Collaborative Fund, Fairview Capital, CT Innovations, and I2BF Global Ventures, as well as several industry leading individuals including Bill Clerico, Co-Founder and Former CEO of WePay. - The company plans to utilize
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AKASA Raises $60M to Automate Revenue Cycle Operations for Health Systems
What You Should Know: - AKASA (formerly known as Alpha Health), a South San Francisco, CA-based Unified Automation™ company for revenue cycle management in healthcare, announced it has raised $60 million in its series B round of funding. - Founded in 2018, AKASA uses the same machine learning approaches that made driverless cars possible to provide health systems with a single solution for automating revenue cycle operations. AKASA’s unique expert-in-the-loop approach combines modern
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