This roundup is supposed to focus on a number of the most notable funding rounds of the month and isn’t supposed to be complete.
Well being tech corporations made a number of main funding bulletins in Might. Here’s a record of a number of the largest funding rounds.
Cohere Well being raises $90 million in Collection C funding
Boston-based Cohere Well being gives AI-powered prior authorization options to assist enhance the connection between payers and suppliers. It really works with about 600,000 suppliers and processes about 12 million prior authorization requests annually.
The $90 million in funding was led by Temasek and included help from Deerfield Administration, Outline Ventures, Flare Capital Companions, Longitude Capital and Polaris Companions. It’s going to assist the corporate scale and put money into its AI merchandise, based on the announcement. In complete, Cohere Well being has raised $200 million.
Akido Labs secures $60 million in Collection B funding
Los Angeles-based Akido Labs is an AI and care supply firm. It gives a product referred to as ScopeAI, which helps suppliers diagnose sufferers, establish the best remedy and predict well being dangers.
The $60 million Collection B spherical was led by Oak HC/FT with participation from Greco, SNR, Y Combinator, Future Communities Capital, Jeff Dean (chief scientist of Google DeepMind and Google Analysis), and the Complete Blood & Most cancers Middle. The financing will assist scale its ScopeAI product.
Sprinter Well being snags $55 million in Collection B funding
Menlo Park, California-based Sprinter Well being works with well being plans and gives each in-home and digital care. Its community-based well being employees, referred to as Sprinters, and distant nurse practitioners present diagnostic screenings, important checks, medicine administration help, wellness visits and care navigation. The Sprinters are W-2 workers and are licensed as phlebotomists and educated with medical assistant and group well being employee expertise.
The $55 million Collection B spherical was led by Basic Catalyst and included participation from Andreessen Horowitz (a16z) Bio + Well being, the Regents of the College of California, Google Ventures and Accel. The financing will assist the corporate develop its crew and develop to new geographic areas. Sprinter Well being has raised greater than $125 million in complete.
PhaseV raises $50 million in Collection A funding
Boston-based PhaseV is a expertise firm that makes use of AI and machine studying to assist biopharma sponsors and Contract Analysis Organizations make correct and environment friendly medical improvement choices.
The corporate’s $50 million elevate was co-led by Accel and Perception Companions and included participation from current buyers Viola Ventures, EXOR and LionBird. It’s going to assist PhaseV “develop its vertical AI platform to offer holistic options for medical improvement,” based on the announcement. The corporate has raised $65 million in complete.
Photograph: StockFinland, Getty Photos
