Investing
The AI company now has a presence among more than 500 U.S. hospitals.
The round was led by Cigna Ventures and MemorialCare Innovation Fund with participation from Avalon Ventures, CU Healthcare Innovation Fund and Stanford Health Care.
The funds will be used for the telehealth startup’s expansion in the APAC region with the support of local and regional partners.
This builds on a $500,000 dollar seed round announced last May.
CU Healthcare Innovation Fund led the Series A round.
The Series A raise comes just a few months after the company raised $3 million in seed funding.
The company plans to use the money to go to market with the product.
Healthy Ventures was the lead investor this round, with participation from Collaborative Fund, Commerce Ventures, Connecticut Innovations, I2BF Global Ventures and StartUp Health.
The round was led by Octopus Ventures with participation from Y Combinator, Startup Health and Triple Point Ventures.
The Series A round will help the Salt Lake City startup solidify its role as an end-to-end patient-billing suite.