This roundup is supposed to spotlight among the most notable funding rounds of the month and isn’t supposed to be complete.
Well being tech firms made a number of main funding bulletins in February. Here’s a listing of among the largest funding rounds.
OpenEvidence secures $75 million in Sequence A funding
OpenEvidence is an organization that goals to increase the world’s medical information. It provides an AI copilot for docs that helps them make medical selections on the level of care. The product is utilized by greater than 10,000 care facilities throughout the U.S.
The $75 million Sequence A funding spherical was from Sequoia Capital and brings the corporate’s whole funding to over $100 million, based on The SaaS Information. The funding will assist the corporate “practice its subsequent era of medical domain-specialized Massive Language Fashions (LLMs) and proceed to assemble and develop the most effective crew of scientists working on the intersection of LLMs and medication,” the announcement said.
Abridge raises $250 million in Sequence D funding
Abridge, based in 2018, provides an AI platform that takes medical conversations and transforms them into clinically helpful and billable documentation. It’s utilized in outpatient settings, emergency departments and inpatient settings.
The $250 million Sequence D spherical was co-led by Elad Gil and IVP and consists of participation from Bessemer Enterprise Companions, California Well being Care Basis, CapitalG, CVS Well being Ventures, Okay. Ventures, Lightspeed Enterprise Companions, NVentures (NVIDIA’s enterprise capital arm), Redpoint Ventures, Spark Capital and SV Angel. The funding will help the event of further AI capabilities and industrial development.
Candid Well being rakes in $52.5 million in Sequence C funding
Candid Well being goals to simplify medical billing by way of its income cycle platform. It improves the touchless declare fee, or the share of claims “submitted, processed and adjudicated accurately the primary time with no guide intervention,” the announcement said. It’s utilized by greater than 200 healthcare organizations.
The $52.5 million Sequence C spherical was led by Oak HC/FT and included participation from present buyers, based on the announcement. In whole, the corporate has raised $99.5 million.
Berry Road raises $50 million
Berry Road is a diet counseling platform. It connects sufferers with dietitians for one-on-one counseling lined by insurance coverage. It has a community of over 1,000 registered dietitians.
The $50 million was from Northzone, Sofina, FJ Labs, founding father of Revolut, co-founder of Spring Well being, co-founder of Develop Remedy, and CEO of Discovered and others. The funding will assist the corporate construct out its diet platform and suite of supplier AI instruments, based on the announcement.
Fay secures $50 million in Sequence B funding
Fay is one other diet firm that connects folks with a community of over 2,300 registered dietitians lined by insurance coverage. Sufferers can entry digital and in-person visits with dietitians. The corporate additionally helps dietitians construct their very own non-public practices and get credentialed with insurance coverage.
The $50 million Sequence B spherical was led by Goldman Sachs and included participation from present buyers Common Catalyst and Forerunner. Fay has raised $75 million in whole. The funding will assist Fay additional develop and increase its choices for dietitians and shoppers.
Image: Feodora Chiosea, Getty Photographs
