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[FUNDING NEWS] Israel-Based K Health Secures $50 Million In Funding

K Health, an AI-powered personalized healthcare startup based in Israel and the US, has announced the closing of a $50 million funding round led by Claure Group

K Health, an AI-powered personalized healthcare startup based in Israel and the US, has announced the closing of a $50 million funding round led by Claure Group.

Other investors in the round include Pablo Legorreta, the CEO and founder of Royalty Pharma, as well as current investors Mangrove Capital Partners, Valor Equity Partners, and Atreides Management, LP.

Read also- Pakistan-Based Dealcart Secures $3 Million In Seed Funding

According to persons with knowledge of the subject, “Bloomberg” says that the most recent financing round, valued at $900 million, was completed precisely a year after KI Health secured $59 million.

Together with Adam Singolda, the CEO of Taboola, Israel Roth, Ran Shaul, and CEO Allon Bloch formed K Health in 2016.

Bloch said, “K Health solves the need to make primary care visits highly personalized by giving doctors AI super powers that enable them to practice at the top of their license. Our primary care platform offers a concierge medical experience, with an assigned provider and 24/7 access to care. When partnered with leading health systems like Cedars-Sinai, this model creates significant benefits to access, clinical outcomes, and patient experience. All you need to get care is your health insurance, a stark contrast to concierge medicine services that typically cost thousands of dollars,”

Clinical-grade, peer-reviewed AI for primary care has been created by K Health. The primary care visit is transformed by K’s co-pilot. K’s clinical-grade AI co-pilot takes patients through a personalized chat, grounds the assessment in pertinent EMRs, and delivers to the providers the perfect medical chart with patient insights so they can make individualized diagnoses and treatments.

Read also- Israel-Based Cognifiber Secures $5 Million In Funding

This eliminates the need for doctors to take patients through drawn-out investigations and manually piece together medical histories from EMRs.

This gives the healthcare professionals more time to interact with their patients, use their professional judgment, and implement an extensive follow-up care plan. The company claims that compared to traditional primary care, this innovative form of care delivery using K’s co-pilot

About K Health

K Health is an AI-driven primary care firm with its headquarters located in New York. Its objective is to provide everyone with access to high-quality healthcare.

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