AI Continues to Revolutionize Healthcare | StartUp Health Insights: Week of Oct 29, 2024
This week's global health innovation funding highlights the growing trend of AI-powered solutions in healthcare, with investments in AI-powered solutions ranging from medical documentation to pathology to mental wellbeing.
This week’s reported health innovation funding included:
Infinitus Systems, a San Francisco, CA-based startup that utilizes AI to automate manual healthcare-related phone calls, raised $51.5 million in Series C funding led by Andreessen Horowitz, with participation from Memorial Hermann Health System, GV (Google Ventures), Coatue, and Kleiner Perkins. <source>
Tennr, a New York, NY-based company providing an automation platform for medical documents, raised $37M led by Lightspeed Ventures, with participation from a16z and Foundation Capital. <source>
Aignostics, a Berlin, Germany-based AI company turning multi-modal pathology data into insights, raised $34M led by ATHOS, with participation from Mayo Clinic, with participation from HTGF, Wellington Partners, Boehringer Ingelheim Venture Fund, CARMA Fund, and VC Fonds Technologie managed by IBB Ventures. <source>
Osigu, a Key Biscayne, FL-based AI-powered healthcare revenue cycle and claims management platform for Latin America and the Caribbean, raised $25M led by IDC Ventures, with participation from Visa. <source>
OncoLens, an Atlanta, GA-based provider of digital health solutions designed to optimize cancer treatment planning, raised $16M co-led by BIP Capital and Cross Border Impact Ventures, with participation form Martin Ventures and SeedToB. <source>
Archy, a San Jose, CA-based developer of cloud-based automation software for dental practices, raised $15M led by Entrée Capital, with participation from Bessemer Venture Partners, CRV, Alven, 20VC Growth fund, angel investors, and dental professionals. <source>
Ozlo Sleep, a Boston, MA-based developer of audio technology for better sleep, raised $12M led by LifeArc Ventures, with participation from Drive by DraftKings, Wise Ventures, Scrum Ventures, Wheelhouse 360, Modi Ventures, Niremia Collective, and 5Point Venture Partners. <source>
Dyania Health, a Jersey City, NJ-based large language model for clinical trial recruitment, raised a $10M led by HealthX Ventures, with participation from Tech Square Ventures and Cleveland Clinic Ventures. <source>
CredibleMind, a Sausalito, CA-based mental wellbeing company that uses AI to create a digital experience for each user, raised $7.5M led by Horizon Mutual Holdings. <source>
Dash Bio, a Newton, MA-based developer of tech-enabled services for drug development, raised $6.5M led by Freestyle Capital, with participation from Swift Ventures, LifeX Ventures, and other private investors. <source>
SuppCo, a New York, NY-based platform aiming to make it easier for consumers to navigate the ever-growing supplement industry, raised $5.5M led by Union Square Ventures and True Ventures, with participation from Box Group and Compound. <source>
Lin Health, a Denver, CO-based digital platform focused on relieving chronic pain, raised $5.2M from aMoon, Mayo Clinic, Saban Ventures, Shoni Health Ventures, and Viola Ventures. <source>
Pharos, a San Francisco, CA-based hospital quality reporting platform, raised $5M led by Felicis, with participation from General Catalyst, Moxxie, and Y Combinator. <source>
Grin, a Boston, MA-based provider of a virtual care platform offering digital oral healthcare solutions, raised an undisclosed amount from CareQuest Innovation Partners, Triventures, and SpringRock Ventures. <source>
Data is from StartUp Health Insights, the most comprehensive funding database for health innovation. Sign up for StartUp Health Insider™ to get funding insights, news, and special updates delivered to your inbox.
Call for Innovation
Are You Ready to Find Your Tribe?
We’re looking for founders and CEOs leading digital health, life science, or biotech companies that are solving the biggest health challenges of our time – and want to build a better network to change the world. Our communities include: Access to Care, Addiction & Opioid Crisis, Alzheimer’s Disease, Cardiometabolic Health, Children’s Health, End Cancer, Food as Medicine, Healthy Longevity, Maternal Health, Men’s Health, Mental Health, Oral Health, Rare Diseases, Respiratory Health, Type 1 Diabetes, Wellness, Women's Health, and more.
If you’re mission-driven, collaborative, and ready to contribute as much as you gain, you might be the perfect fit. Learn more and apply today.
Follow us on social media for daily updates on Health Transformers: X (Twitter), LinkedIn, Facebook, and Instagram.