AI-enabled medical information abstraction firm Carta Healthcare has scored $18.25 million in Sequence B1 financing led by UPMC Enterprises.
New buyers MemorialCare Innovation Fund, Tampa Normal Hospital Ventures and Rex Well being Ventures (UNC Well being’s funding fund) participated within the spherical, alongside present buyers Memorial Hermann Well being System, Paramark Ventures, Storm Ventures, Mass Normal Brigham Ventures, CU Healthcare Innovation Fund and Frist Cressey Ventures.
WHAT IT DOES
Carta Healthcare presents an AI-powered information abstraction platform for structured and unstructured information with analytics to assist medical groups discover sufferers for medical trials, generate insights to enhance effectivity and automate registry information assortment.
The San Francisco-based firm will use the funds to develop its buyer base, notably within the life sciences sector.
“This funding additional validates our mission to harness the ability of knowledge, guaranteeing that healthcare groups and researchers have the knowledge they want, once they want it,” Brent Dover, CEO of Carta Healthcare, informed MobiHealthNews in an e mail.
“With the assist of main well being techniques, we will proceed increasing our deep medical experience, scaling our operations and optimizing AI-driven information abstraction to ship real-time, high-quality insights. This funding permits us to speed up innovation, enhance effectivity and in the end assist higher affected person outcomes.”
MARKET SNAPSHOT
In December, Carta Healthcare acquired Realyze Intelligence, a portfolio firm of UPMC Enterprises that makes use of AI to match sufferers to medical trials.
In 2023, the corporate introduced the ultimate closing of its $25 million Sequence B funding spherical. In 2021, the corporate scored $17.3 million in Sequence A funding.
Different digital well being organizations within the information abstraction area embrace AI-enabled chart evaluation firm Layer Well being, which raised $21 million in Sequence A funding earlier this yr.
One other firm within the information abstraction market, DigitalOwl makes use of pure language processing to research and summarize EHRs. Final yr, the corporate scored a $12 million funding from insurance coverage big Reinsurance Group of America (RGA), and in 2022, it raised $20 million in Sequence A funding.
