Viz.ai, an artificial intelligence digital care coordination platform, raised $71 million in Series C funding.
The funding round was led by Scale Venture Partners and Insight Partners with participation from Greenoaks, Kleiner Perkins, Threshold Ventures, CRV, Innovation Endeavors, and Susa Ventures.
Including the latest funding round, Viz.ai has raised over $150 million to date. Viz.ai says, with new funds, the company plans to accelerate the expansion of its Intelligent Care Coordination AI platform beyond stroke to other areas of acute care such as cardiology, pulmonary, and trauma.
“This latest round of funding validates the potential of Viz.ai’s technology, both in and beyond stroke care coordination,” said Chris Mansi, co-founder, and CEO of Viz.ai. ”
Chris Mansi added: “The investment will allow us to expedite our effort to bring the power of artificial intelligence and advanced mobile technology to prevent care breakdowns, improve patient outcomes and experience, and improve economics across the entire health system both in the United States and Europe.”
According to the company, its care coordination system is clinically validated for stroke; it facilitates synchronized collaboration, integrated data and automated processes, and improved visibility through a mobile-software platform.
“Viz.ai has taken an innovative approach to transforming one of healthcare’s biggest challenges, using intuitive technology to help improve patient outcomes in acute care,” said Nikhil Sachdev, managing director, Insight Partners.
“We see the company poised for massive growth as it scales its clinically-verified stroke care coordination system to other use cases where time is crucial to outcomes and costs to patients and hospitals can exponentially increase when care coordination breaks down. We are looking forward to rolling up our sleeves and helping Viz.ai scale up.”
Practice management software startups have raised over $2.5 billion since 2010, according to Mercom funding data. Recently, care coordination software startup Unite Us closed a $150 million Series C funding round at a $1.6 billion valuation.