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Predoc, a company in the health information management space, announced it secured $30 million in Series A + seed funding.
Base10 Partners led the Series A round, with participation from Northzone, ERA Ventures and ENIAC Ventures.
The seed funding includes angel investments from Demetri Karagas / Steven Gutentag (cofounders of Thirty Madison), Operator Partners (Flatiron Health founders), Travis May (Datavant founder) and Bill Murphy (former CTO of Blackstone).
WHAT IT DOES
Predoc offers an AI-powered platform that the company says allows providers to access patients' medical records from anywhere in the U.S. The platform captures data from various sources, both digital and direct provider requests, and uses AI to organize that information. It supplies clinical information from hundreds of pages of records for care teams.
The New York-based company will use the funds to expand into additional workflows and partner with healthcare organizations.
"The capital will also be used to continue to expand the team's capabilities in machine learning and data engineering," Nishant Hari, CEO and founder of Predoc, told MobiHealthNews in an email.
MARKET SNAPSHOT
Another company offering a health information network is Health Gorilla, which in 2022 scored $50 million in Series C funding, bringing its total raise at the time to $80 million.
The funding came one year after the interoperability startup closed a $15 million Series B round.
In July, Health Gorilla announced its participation as one of the inaugural data network early adopters in The White House's MS-Aligned Network.
Other companies in the space include data exchange platform Particle Health, data aggregation and centralization platform 1upHealth, and EHR vendors Epic, Meditech and Oracle.
