January was a busy month for newcomers in the bustling healthcare technology space, with funding being granted to numerous companies in the business of remote care, symptom analysis, financial aid, mental health and eldercare.
AI-Assisted Symptom Analysis
Infermedica, based in Wroclaw, Poland, raised $30 million in a Series B funding round to advance its symptom checker platform powered by artificial intelligence (AI). The startup was founded in 2012 and was developed to guide users in finding a preliminary medical diagnosis.
The new capital makes the company’s total fundraising to date $45 million. Aside from analyzing symptoms, Infermedica is striving to help medical professionals pre-diagnose, triage and point their patients to the right medical care.
Financial Aid Connection for Patients
Atlas Health notched $40 million to grow its AI platform connecting patients and hospitals with philanthropic medical aid programs. The Seattle startup, founded in 2015, has raised $44.5 million to date.
The Atlas Health platform doesn’t charge a subscription fee or one-time cost. Instead, it levies fees based on patients’ use of the services. The service aims to match patients to financial aid programs before treatment or procedures to stop bills from being sent to patients and so that hospitals know where the funds are coming from.
Workforce Mental Health Assistance
Workforce mental health benefits platform Lyra Health took in $235 million following a June 2021 fundraising of $200 million. The San Francisco startup tackles mental health care using intelligent matching technology and concierge support.
The company plugs members into a network of exclusive mental health providers and coaches, as well as digital wellness tools and personalized medical programs. Lyra Health also recently acquired employee assistance program provider ICAS World, which operates across over 155 countries.
See also: Global HealthTech Sector Continues to Grab Investor Interest In 2022
Mental Healthcare for Youth
Founded by a family to help families, Little Otter offers digital mental health services for families and children. Launched in 2020, the Silicon Valley company raised $22 million in a Series A funding round to scale its tools and personalized treatments.
This latest investment brings Little Otter’s total funding to $26.75 million as it strives to grow beyond California, Colorado, North Carolina and Florida. The startup has plans for the platform to be available nationally by 2023.
Read more: PYMNTS Intelligence: How Telemedicine Is Driving Digital Identity Verification Adoption in Healthcare
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