AI platform for medical insights Regard raises $61 million in Collection B funding
Regard, an AI-driven medical insights platform, has raised $61 million in a Collection B financing spherical led by Oak HC/FT.
The funding will fund Regard's enlargement of product growth, massive language mannequin (LLM) analysis, and progress exterior of medical settings.
Regard, previously generally known as HealthTensor, improves the way in which clinicians use affected person information. The aim is to shut the hole between out there information and actionable medical insights.
Based on the World Financial Discussion board, lower than 3% of accessible affected person information is utilized in medical care, whereas there are a median of fifty,000 information factors per affected person.
Regard’s AI copilot integrates with digital well being data (EHRs) to handle affected person information, counsel diagnoses, and generate medical notes, addressing this crucial hole in using medical information.
Since its founding in 2021, Regard has supplied greater than three million diagnoses to care groups and generated greater than $50 million in extra income for well being system companions.
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The corporate's current collaboration with WakeMed Well being & Hospitals underscores the corporate's continued dedication to enhancing affected person care by means of superior expertise.
Final yr, Regard additionally partnered with OpenAI to develop Max, a chatbot based mostly on GPT-4.
In 2021, Regard obtained $5 million in seed funding, adopted by $15.3 million in a Collection A funding spherical the next yr.
Regard CEO Eli Ben-Joseph emphasised the affect of the platform, stating: “Regard improves affected person care by analyzing huge quantities of medical information and offering clinicians with potential diagnoses and remedy suggestions, impacting the standard and security of care in actual time.”
Oak HC/FT Common Associate Nancy Brown additionally expressed her confidence in Regard's potential, saying, “Regard is positioned to revolutionize the way in which we take into consideration medical choice help for physicians. The staff at Regard has constructed a platform that creates worth for sufferers, physicians and well being techniques by enhancing outcomes, rising effectivity, lowering burnout and rising income.”
