What You Should Know
Basata, an AI company focused on healthcare operations, has announced a $21M Series A funding round led by Basis Set Ventures.The platform uses specialty-specific AI agents to automate administrative tasks such as faxes, referrals, patient intake, and scheduling.Practices using Basata report processing 100% of incoming referrals the same day and unlocking 50% more administrative labor capacity.To date, the company has served more than 500,000 patients, with 100,000 served
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Wisdom Ventures Closes $77.7M Fund II to Invest in AI-Native Wellbeing Startups
What You Should Know
Wisdom Ventures has closed its $77.7M Fund II, a significant increase from its $10 million Fund I.The fund is backed by prominent technology leaders, including Reid Hoffman (LinkedIn), Evan Sharp (Pinterest), and Stewart Butterfield (Slack).Former U.S. Surgeon General Dr. Vivek Murthy has joined as a Senior Venture Partner to advise on health and wellness investments.Fund I established a strong track record, reaching the top quartile of early-stage funds and including
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Roche Acquires PathAI to Automate Cancer Diagnostics in $1B Deal
What You Should Know
Global healthcare leader Roche has entered into a definitive merger agreement to acquire US-based digital pathology pioneer PathAI for an upfront purchase price of $750M, with up to $300M in additional milestone payments.The acquisition marks the culmination of a deep strategic partnership first established between the two companies in 2021 and expanded in 2024 to co-develop AI-enabled companion diagnostic algorithms.PathAI’s flagship AISight Image Management System (IMS)
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Fathom Secures Strategic Investment from CVS Health Ventures to Scale Autonomous Medical Coding
What You Should Know
Fathom, a leader in autonomous medical coding, has announced a strategic investment from CVS Health Ventures.The funding follows a period where revenue cycle management (RCM) has become the top priority for health IT investment, according to a 2025 Bain & Company/KLAS report.Fathom’s platform achieves 90%+ automation rates across multiple specialties, providing an alternative to slow, department-by-department AI rollouts.The company was recognized as the #1 solution
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XCaliber Health Secures $6.5M to Launch Healthcare’s First Agentic Operating System
What You Should Know
XCaliber Health (XCaliber) has raised $6.5M in seed funding led by ManchesterStory, with participation from Benhamou Global Ventures (BGV) and Arka Venture Labs.The platform is an "agentic operating system" designed to coordinate siloed systems (EHRs, billing, scheduling) and automate manual workflows end-to-end.XCaliber addresses a significant "intelligence gap" where staff currently spend an average of 15.5 hours per physician, per week on administrative tasks.The
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Village Raises $9.5M for AI-Powered Specialty Pediatrics and Coordinated Care Platform
What You Should Know
Village has raised $9.5M in funding led by Upfront Ventures, with participation from Bling Capital, GTMFund, and Perceptive Ventures.The platform features Vera, an in-house AI agent that handles documentation, scheduling, billing, and care coordination for independent practices. The platform is the first pediatric-connected system designed to unite families, providers, and payers around coordinated care teams for children with developmental, behavioral, and mental health
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Axoft Secures $55M for Implantable Brain-Computer Interfaces and Fleuron™ Material Global Trials
What You Should Know
Axoft has raised an oversubscribed $55M Series A led by C.P. Group Innovation, bringing its total funding to over $60M.The capital will be used to expand global clinical trials, progress U.S. regulatory approval for its implantable Brain-Computer Interfaces (iBCIs), and build a GMP manufacturing facility in Cambridge, MA.Axoft’s iBCIs utilize a proprietary material called Fleuron™, which is 10,000x softer than traditional polyimide, significantly reducing tissue scarring
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Photon Raises $16M to Modernize AI-Native Prescription Infrastructure
What You Should Know
Photon has secured $16 million in Series A funding led by Healthier Capital, with participation from Notation, Flare Capital, and Evidenced.The platform addresses the "information vacuum" of traditional e-prescribing, where patients choose pharmacies without knowing price, inventory, or convenience.Photon utilizes artificial intelligence as an engine to process complex, fragmented data across pharmacy networks and formularies in real time.The platform serves as an
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Greatly Health Secures $4M to Scale MSK-Validated Integrative Oncology Platform
What You Should Know
Greatly Health raised a $4 million seed round co-led by Pear VC and Commonweal Ventures to bring integrative oncology to a broader patient population.The company's virtual model was originally developed and validated at Memorial Sloan Kettering Cancer Center (MSK).In clinical trials, the program demonstrated a 16% absolute improvement in overall survival at two years and a 69% reduction in hospitalizations.The platform provides live, expert-led group sessions in exercise,
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Aidoc Secures $150M to Accelerate Enterprise-Scale Clinical AI Across 2,000 Hospitals
What You Should Know
Aidoc has raised $150M in Series E funding, led by Growth Equity at Goldman Sachs Alternatives, bringing its total funding to over $500M. The round included participation from General Catalyst, SoftBank Investment Advisors, and NVentures (NVIDIA's venture capital arm).Capital will be used to further develop Aidoc's CARE™ clinical foundation model and its aiOS™ enterprise platform.The company currently analyzes more than 60 million patient cases annually and is deployed
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