Healthcare AI firm Layer Well being, spun out of MIT, introduced its launch with $4 million in funding from GV (Google Ventures), General Catalyst and Inception Health.
WHAT THEY DO
Layer Well being’s AI platform, dubbed Distill, constructed on machine studying algorithms that leverage giant language fashions, goals to streamline the chart evaluate course of from unstructured information.
The expertise could be built-in into present merchandise and goals to assist with high quality measurement, curation of real-world proof, income cycle administration, high quality measurement and registry submissions with out the necessity for labeled information.
The corporate is led by David Sontag, Layer Well being’s CEO and a professor at MIT, who has printed greater than 100 papers on AI and machine studying.
Its management group consists of Luke Murray, who constructed MedKnowts and Know Your Knowledge at Google, and Monica Agrawal, who beforehand constructed ML fashions for oncology-focused digital well being firm Flatiron Health.
MARKET SNAPSHOT
A number of firms are using AI to enhance medical workflow, together with Dallas-based Pieces Technologies, a healthcare generative AI firm for care groups.
Earlier this month, the corporate introduced it integrated Amazon Web Services’ genAI choices to create Sculpted AI. This platform can tailor to well being programs’ specs and embeds AI inside digital well being document medical workflows.
In March, New York-based well being expertise firm Florence, which focuses on medical capability administration, launched with $20 million in seed funding in a spherical led by Google Ventures, Thrive Capital and Salesforce Ventures.
Florence’s platform is extra patient-facing, permitting them to trace their healthcare journey utilizing a smartphone. Sufferers can full consumption types, fill prescriptions, replace their medical data and schedule follow-up appointments to assist ease the medical workflow for suppliers.
