AI-powered healthcare startups have come out on top in the latest 12 months when it involves fundraising.
AI-powered healthcare automation software Qventus is the latest example of a startup locking in a $105 million investment led by KKR. It was reported the round consists of $85 million in equity and $20 million in optional debt at a valuation of $400 million.
The round was also attended by, among others: Partners of the Bessemer enterprise, Northwest medicine, HonorHealth AND Allina’s health.
The Qventus platform seeks to deal with operational shortcomings in each inpatient and outpatient settings by leveraging generative artificial intelligence, machine learning, and behavioral sciences. The platform anticipates operational challenges, recommends countermeasures, and automates workflows.
“Across the country, healthcare teams must do extraordinary things every day to perform ordinary activities,” said the co-founder and CEO Mudita Garga In release. “Qventus has spent the last decade building AI automation solutions that reduce the administrative burden on healthcare professionals so they can provide highly reliable patient care.”
Founded in 2012, the company has raised over $200 million, via Crunchbase.
AI in healthcare begins the latest 12 months
Qventus is not the only healthcare AI startup that raised big bucks earlier this 12 months.
Just last week, based in San Francisco Innovator — which helps healthcare organizations by providing software that goals to enhance the patient experience and reduce administrative burdens for healthcare providers — raised $275 million across primary and secondary care. Investors included Capital B AND Kaiser Permanente.
Also last week in Palo Alto, California Hippocrates’ artificial intelligencewhich is developing a multi-language security-focused model for healthcare, security and accuracy, raised $141 million in Series B funding, valuing the company at $1.6 billion. He led the round Little Perkins.