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[Funding Alert] HILABS Secures $39 Million in Series B round funding

HiLabs, an Indian startup that offers artificial intelligence (AI)-driven solutions for managing unclean data, secured a $39 million Series B fundraising on Thursday.

According to a statement from HiLabs, the investment was headed by Denali Growth Partners and Eight Roads Ventures, with participation from F-Prime Capital.

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The announcement claims that the capital increase is in response to the quick uptake of the company’s MCheckTM platform for the ingestion, cleansing, and enrichment of healthcare data by customers. It also aims to finance the company’s ongoing development of the technology, hiring of elite personnel, and growth of its product teams.

“Timely and high-quality data exchange between payers and providers is key to reducing care costs, improving outcomes,” said Amit Garg, Co-founder, and Chief Executive Officer of HiLabs.

HiLabs, an Indian startup that offers artificial intelligence (AI)-driven solutions for managing unclean data, secured a $39 million Series B fundraising on Thursday.

Read also – Israel-based IO River Secures $ 5.4 Million in Funding

According to a statement from HiLabs, the investment was headed by Denali Growth Partners and Eight Roads Ventures, with participation from F-Prime Capital.

The announcement claims that the capital increase is in response to the quick uptake of the company’s MCheckTM platform for the ingestion, cleansing, and enrichment of healthcare data by customers. It also aims to finance the company’s ongoing development of the technology, hiring of elite personnel, and growth of its product teams.

The company’s cloud-based MCheck technology absorbs, purifies, and enhances vital medical data, lowering operational costs for healthcare organizations and improving patient outcomes.

Some of the biggest health insurance providers in the US are assisted in streamlining and automating administrative procedures by the MCheck platform technology.

About HiLabs

HiLabs technology delivers the ROI (Return On Intelligence) that health plans need. Their specialities are Health care analytics, data ingestion, etc.

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