Rebecca Torrence’s Post

NEW: Healthcare deals are finally picking up again after a funding slump. And those deals — to the relief of many VCs — don't look like they did before the downturn. In 2021, some healthcare startups getting funded had little to no revenue, minimal market traction, or hadn't proved their ability to significantly help patients. Investors have higher standards now, and they're writing smaller checks at lower valuation multiples. But there's one area of healthcare that's making an exception — artificial intelligence. In my latest for Business Insider, here's how healthcare AI deals are bucking the industry's new normal, and what types of healthcare AI startups are bound to get more VC cash: https://lnkd.in/euBSHf4u (Thanks so much to Scott Barclay, Nina Achadjian, Todd Cozzens, Garheng Kong, and Andrew Arruda for these great insights!!)

Startups, predominantly in AI, healthcare, or AI-enhanced healthcare, successfully raised over $230M yesterday. This year has seen AI startups attract more than $3B in funding, indicating a growing trend of integrating AI into sectors facing significant challenges. Healthcare, with its vast repositories of patient data and an increasingly aging population, is among the early adopters. Notable Deals: •  Cortex EP has successfully secured $90M, The company is innovating in the healthcare sector with a comprehensive platform aimed at treating and evaluating Afib. • Essential AI, based in San Francisco and specializing in full-stack AI products, has raised $56.5m in a Series A round. This funding round was led by March Capital and supported by notable investors including Google, KB Investment, NVIDIA, and Thrive Capital. • Laza Medical recently completed a $36M Series A funding round, totaling $36M in capital. They are at the forefront of developing AI-enabled imaging solutions for cardiac interventions. • Twin Health, a metabolic care startup from Mountain View has raised $50m in Series C funding. This round was led by Temasek with participation from ICONIQ Growth, Sofina, Peak XV Partners. • Chalk, a San Francisco-based startup focusing on data platforms for machine learning, has raised $10 million in seed funding. General Catalyst led this round, joined by Unusual Ventures, Xfund, and several angel investors. • Encellin, another San Francisco-based biotech company, this time focusing on treatments for Type 1 Diabetes, has secured $9.9 million in funding. Khosla Ventures led the round, with participation from Y Combinator. ------------------------------------------------------------------------ If this information has been useful to you, consider subscribing to our newsletter. It's packed with the latest trends, news, and details about upcoming in-person investor events we're hosting in the valley. You can find the subscription link in the comments below. ⬇

Abridge, an AI medical scribe startup, is raising $50M+ just 4 months after their last round in October 2023. VCs are betting on AI to manage medical docs & combat provider burnout. There seems to be a lot of activity in the AI transcription space, specifically around healthcare. There is definitely value in these services and a sufficiently high barrier to entry around HIPPA for general-purpose models. Congrats to #Abdridge. But at some point, we'll see some consolidation as I think the limiting factor will come down to the cost of #compute. Until then, it's a race #digitalhealth #AI #healthcare #VC #PE BI/Paywall: https://buff.ly/42FPN0s

Discover how AI medical-scribe startups, like @AmbienceHealth, are securing funding to transform doctor's visit documentation, aiming to ease clinician burnout and improve healthcare efficiency. #HealthTech #AI #Funding

🚀 AI in Healthcare: The Revolution Backed by Big Venture Firms Ever wondered how AI is reshaping our industry? Let's dive in! 🌐 AI in Healthcare: It's no news that Artificial Intelligence is making waves, but did you know venture firms are increasingly investing in AI-powered healthcare startups? 🔍 The Big Players: Andreessen Horowitz has recently co-led a whopping $200 million funding for Genesis Therapeutics, an AI-based drug discovery company. Other giants like General Catalyst, Menlo Ventures, and Lux Capital are also in the game. This momentum mirrors the enthusiasm of tech behemoths like Microsoft, Amazon, and Google. 📊 The Current Landscape: While overall AI startup funding has spiked, AI in healthcare seems to be a tad behind last year's numbers. Yet, the focus remains intact on three promising arenas: Drug discovery 🧪 Paperwork automation 📄 Diagnoses 🩺 🚧 Challenges & Opportunities: The healthcare realm isn't without its hurdles - regulations and ingrained practices. But this hasn't deterred the optimism. Companies like Ambience Healthcare are harnessing AI for clinical notes, while others like Hippocratic AI are creating specialized LLMs for tasks such as patient instructions. 📣 What's Buzzing in Healthcare: HCA Healthcare is venturing into generative AI for emergency departments, and Anthem Blue Cross and Blue Shield Cross is expanding its AI-powered virtual health plan. Major players like Epic and Duke Health aren't lagging, leveraging AI and cloud for healthcare enhancement. Click here to learn more about AI in Healthcare: https://lnkd.in/dPqCCXxP Danish Bhatti Muhammad Fareed Khan Suri Mian Muhammad Ali Akram Babar Rao MD, FAAD Waleed Choudhary Pashmeen Lakhani 🌐 #AIinHealthcare #VentureFirms #HealthTech

With minimal regulation around the training of AI models — it’s still kind of the Wild West out there in health AI land. To protect your business and yourself from future legislation, class action lawsuits, civil liability, and criminal prosecution, getting a certification that the training data is in fact legally deidentified under HIPPA and not simply tokenized, hashed or anonymized will be a critical step in minimizing future legislative and legal risks. For more on the differences and cost benefit analysis of simply redacting PHI, anonimizing, or legally deidentifying your assets, HMU and we can help you explore whether you’re opening yourself to risks or not and the right way to insulate the important work you’re doing.

💼 𝐇𝐞𝐚𝐥𝐭𝐡 𝐈𝐓 𝐜𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐫𝐚𝐢𝐬𝐞𝐝 $1 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝐐2, signaling the sector's resurgence. 📈 Investments are up from $451.3 million in Q4 2022, with generative AI and remote patient monitoring (RPM) at the forefront. 🤖 Generative AI captures over a quarter of Q2's healthcare IT investments, focusing on efficiency and capacity enhancement. 💰 𝐓𝐨𝐩 𝐠𝐞𝐧𝐞𝐫𝐚𝐭𝐢𝐯𝐞 𝐀𝐈 𝐟𝐮𝐧𝐝𝐢𝐧𝐠: Hippocratic AI's $50 million seed round and Hyro's $20 million Series B. 🏥 RPM startups gain traction, driven by CMS regulatory changes. 💡 HealthSnap and Optimize Health raise millions for remote patient monitoring solutions. 📚 The industry is cautiously exploring generative AI for efficiency and improved patient experiences. 🚀 Predictions include scaling back reimbursement for RPM programs that don't demonstrate patient outcome improvements. #HealthTech #AI #Healthcare #RemoteMonitoring #Investments #DigitalHealth #GenerativeAI

Greetings, LinkedIn tribe! Is disruptive AI in healthcare paving its way to a successful Series B funding? What does this leap mean for companies like SeedtoB Capital, lead by pioneers of the field Ritesh Sharma and Shantanu Nigam? Here's an exclusive scoop! Dive into this engrossing examination that unpacks the transformative role of artificial intelligence in healthcare, and how enterprising organizations like @SeedToB Capital are successfully manipulating the navigation towards lucrative Series B rounds. Deeply entrenched in industries like AI, FinTech, Health Care, and Venture Capital, this Georgia-based AI venture fund leverages its in-depth knowledge to foster budding initiatives in healthcare AI, guiding them along the complex journey towards profitable growth and expansion. So, whether you're a tech enthusiast, a healthcare innovator, a VC aspirant or just fascinated by the link between AI and healthcare, this is one piece you won't want to miss. Follow the link, get reading and let me know your thoughts in the comments: https://lnkd.in/ejPxBdKn Inject this vital perspective into your understanding of AI-driven healthcare advancements and Series B funding today! #AiInHealthcare #HealthcareDisruption #SeriesBFunding #SeedToBCapital Keep innovating, keep disrupting, and most importantly, keep reading! @SeedToB Capital @Ritesh Sharma @Shantanu Nigam

ENVISIONING the future of innovation and AI: The Sharp HealthCare ENVISION campaign is expanding -- we are creating the Sharp Advanced Analytics and AI Institute (A3). The health care industry continues to experience rapid transformation, and no change is more imminent than the potential for artificial intelligence (AI). In response, Sharp Ventures is launching the Sharp A3 Institute to further explore how AI can improve care. Through the leadership of Kelly J. Ko, PhD, Rick LeMoine, and Jon McManus, the institute will: • Deploy best-in-class technology at scale to maximize the impact of AI in clinical and administrative settings. • Serve as a regional hub to better understand the impact of AI on health care from the perspectives of patients, providers and the community. • Transform health care delivery through the creation of commercial products and services to serve San Diego and beyond. The institute will invest directly with early-stage companies that align with Sharp’s core strengths, notably in data analytics and digital health, and aims to establish an endowed innovation fund for opportunities focused on balancing the potential of AI and the delivery of health care. Foundation, private and venture philanthropy will play a key role in helping bring the institute to life. The ENVISION campaign will support the growth, development and operation of the institute, the Sharp A3 early-stage investment program, software development, research, and the creation and growth of an endowed innovation fund. https://lnkd.in/ginamxC3 #sharphealthcare #innovation #sharpventures #envision #sandiego #ai

In a rapidly evolving landscape, where data-driven decisions are key, this article explores how startups are harnessing real-world evidence to drive innovation, shape healthcare, and transform industries. Amazing insights for anyone interested in the intersection of technology, data, and entrepreneurship. Read on to understand how startups are changing the game with real-world evidence! 💡 #Startups #Innovation #RealWorldEvidence