digital health funding
The company said it plans to expand U.S. access to its services while growing its pipeline to include additional cardiac conditions and new distribution channels.
The company, which uses AI to help companies manage value-based care contracts, will use the funds to grow its team and scale its platform.
The funding comes a year after the company secured $70 million in a Series B funding round.
The funds will be used to grow the company's engineering and commercial workforce, enhance product development, and accelerate integration with payers and providers.
GenAI company for health plans Alaffia Health and oncology-focused clinical-trial platform Klineo also secured funding.
Pediatric chronic care company Clarity Pediatrics also secured $10 million in seed funding and Los Angeles-based Handl Health brought in $2.5M.
The company plans to use the funds to further its AI development and create new hybrid solutions.
The New York-based mental health company also announced a measurement-informed system to help providers transition to value-based care.
During a discussion at the Frontiers Health Global Hybrid Conference, panelists said a more competitive funding environment could push startups and investors to focus on quality.
According to Rock Health's analysis, startups raised $2.2 billion across 125 deals, making Q3 the lowest quarter by dollars raised since Q4 2019.