This
roundup
is
meant
to
highlight
some
of
the
most
notable
funding
rounds
of
the
month
and
is
not
intended
to
be
comprehensive.
Health
tech
companies
made
several
major
funding
announcements
in
February.
Here
is
a
list
of
some
of
the
biggest
funding
rounds.
OpenEvidence
secures
$75
million
in
Series
A
funding
OpenEvidence
is
a
company
that
aims
to
expand
the
world’s
medical
knowledge.
It
offers
an
AI
copilot
for
doctors
that
helps
them
make
medical
decisions
at
the
point
of
care.
The
product
is
used
by
more
than
10,000
care
centers
across
the
U.S.
The
$75
million
Series
A
funding
round
was
from
Sequoia
Capital
and
brings
the
company’s
total
funding
to
over
$100
million,
according
to
The
SaaS
News.
The
funding
will
help
the
company
“train
its
next
generation
of
medical
domain-specialized
Large
Language
Models
(LLMs)
and
continue
to
assemble
and
grow
the
best
team
of
scientists
working
at
the
intersection
of
LLMs
and
medicine,”
the
announcement
stated.
Abridge
raises
$250
million
in
Series
D
funding
Abridge,
founded
in
2018,
offers
an
AI
platform
that
takes
medical
conversations
and
transforms
them
into
clinically
useful
and
billable
documentation.
It’s
used
in
outpatient
settings,
emergency
departments
and
inpatient
settings.
The
$250
million
Series
D
round
was
co-led
by
Elad
Gil
and
IVP
and
includes
participation
from
Bessemer
Venture
Partners,
California
Health
Care
Foundation,
CapitalG,
CVS
Health
Ventures,
K.
Ventures,
Lightspeed
Venture
Partners,
NVentures
(NVIDIA’s
venture
capital
arm),
Redpoint
Ventures,
Spark
Capital
and
SV
Angel.
The
funding
will
support
the
development
of
additional
AI
capabilities
and
commercial
growth.
Candid
Health
rakes
in
$52.5
million
in
Series
C
funding
Candid
Health
aims
to
simplify
medical
billing
through
its
revenue
cycle
platform.
It
improves
the
touchless
claim
rate,
or
the
percentage
of
claims
“submitted,
processed
and
adjudicated
correctly
the
first
time
with
no
manual
intervention,”
the
announcement
stated.
It’s
used
by
more
than
200
healthcare
organizations.
The
$52.5
million
Series
C
round
was
led
by
Oak
HC/FT
and
included
participation
from
existing
investors,
according
to
the
announcement.
In
total,
the
company
has
raised
$99.5
million.
Berry
Street
raises
$50
million
Berry
Street
is
a
nutrition
counseling
platform.
It
connects
patients
with
dietitians
for
one-on-one
counseling
covered
by
insurance.
It
has
a
network
of
over
1,000
registered
dietitians.
The
$50
million
was
from
Northzone,
Sofina,
FJ
Labs,
founder
of
Revolut,
co-founder
of
Spring
Health,
co-founder
of
Grow
Therapy,
and
CEO
of
Found
and
others.
The
funding
will
help
the
company
build
out
its
nutrition
platform
and
suite
of
provider
AI
tools,
according
to
the
announcement.
Fay
secures
$50
million
in
Series
B
funding
Fay
is
another
nutrition
company
that
connects
people
with
a
network
of
over
2,300
registered
dietitians
covered
by
insurance.
Patients
can
access
virtual
and
in-person
visits
with
dietitians.
The
company
also
helps
dietitians
build
their
own
private
practices
and
get
credentialed
with
insurance.
The
$50
million
Series
B
round
was
led
by
Goldman
Sachs
and
included
participation
from
existing
investors
General
Catalyst
and
Forerunner.
Fay
has
raised
$75
million
in
total.
The
funding
will
help
Fay
further
grow
and
expand
its
offerings
for
dietitians
and
clients.
Picture:
Feodora
Chiosea,
Getty
Images