Hippocratic AI raises $15M and more digital health fundings
25 Jul 2023
Executive Change
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Source: mobihealthnews
Photo: Weiquan Lin/Getty Images
Hippocratic AI, a generative AI company developing safety-focused large language models for healthcare, added $15 million in funding to its seed round, bringing its total raise to $65 million since its launch in May.
The California-based company also announced its Founding Partner Program. It is partnering with healthcare systems and digital health companies to guide the development of its technology, establish use cases, validate clinical/patient safety, engage in reinforcement learning from human feedback and participate in data governance and model safety committees.
Its partners include Cincinnati Children's Hospital, Universal Health Services, HonorHealth, Vital Software, ELNA, Sondermind and Capsule.
The recent raise adds to the company's $50 million seed round.
Medical generative AI startup GenHealth AI scored $13 million in funding.
The round was co-led by Obvious Ventures and Craft Venture.
The company builds what it calls a large medical model (LMM), similar to a large language model (LLM), but it is trained on medical event data as opposed to text data.
The Boston-based firm also added Dr. Don Rucker, former national coordinator for health IT, and Aneesh Chopra, the first chief technology officer of the United States, to its board.
Senior and disability technology startup K4Connect announced it received $8.9 million in funding, bringing its total raise to $39 million.
Bryce Catalyst and AVP (AXA Venture Partners) co-led the round, with participation from existing investors Forté Ventures, Intel Capital, the Ziegler-Linkage Fund and Topmark Partners.
The company will use the funds to scale adoption of its offerings and improve its technology.
K4Connect also announced the appointment of Mike Weller as chief operations officer and the addition of Bryce Catalyst's Cary Burch to its board.
"K4Connect's approach to the senior living market is rooted in its unique enterprise technology expertise long sought after by senior living operators. The company's enterprise platform provides the foundation for senior living operators to undergo a digital modernization to improve the efficiency and cost-effectiveness of caregiver services now and into the future. We're excited to invest in helping to make that vision a reality," Burch said in a statement.
Tags: Hippocratic AI, GenHealth AI, K4Connect
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