Seattle-based Outbound AI, an organization providing AI-powered digital brokers that carry out administrative duties, introduced it scored $16 million in seed funding.
Madrona Enterprise Group and SpringRock Ventures co-led the spherical with participation from Ascend, Pack Ventures, Epic Ventures, Tacoma Enterprise Fund, Locke Capital and KCRise Fund.
WHAT THEY DO
Outbound AI is a conversational AI instrument for healthcare with 24/7 digital brokers that concentrate on the income cycle, together with eligibility and advantages verification, claims standing and prior authorization.
“We’ll use the funds to speed up our gross sales and advertising efforts round present back-end income cycle use instances and to assist us consider a number of new use instances for different administrative work areas. We’ll additionally use the funds to launch new packages with new companions,” Stead Burwell, founder and CEO of Outbound AI, instructed MobiHealthNews in an e mail.
MARKET SNAPSHOT
The well being tech startup is backed by Madrona Enterprise Group’s managing director, Tim Porter, and SpringRock Ventures’ Kirsten Morbeck, who beforehand invested in conversational AI startup Saykara, which centered on ambient scribing for physicians.
Saykara was acquired by Nuance Communications, which Microsoft subsequently acquired.
One other conversational AI platform is Hyro. It provides a name heart for suppliers that enables for automated conversations with their sufferers by way of conversational AI and real-time analytics, with insights from affected person interactions. Hyro additionally has a GPT-powered assistant, dubbed Spot, that gives explainability round AI outputs.
In Might, the corporate introduced it raised $20 million in Series B funding led by Macquarie Capital, bringing its complete increase to $35 million.
