Alumni Venture HiLabs Closes $39 Million Funding Round
The company uses artificial intelligence to clean and analyze error-ridden healthcare data and make it more usable by insurers and healthcare providers.
HiLabs, a healthcare technology company founded by Amit Garg ’14 and Neel Butala ’14, recently raised $39 million in a series B funding round, with investments from companies including Denali Growth Partners, Eight Roads Ventures, and F-Prime Capital, the company announced.
HiLabs uses artificial intelligence to clean and analyze error-ridden healthcare data and make it more usable by insurers and healthcare providers.
“Timely and high-quality data exchange between payers and providers is key to reducing care costs, improving outcomes,” said Garg, co-founder and CEO of HiLabs, in a statement. “As we embrace this next phase of growth, we’re thankful for the backing of healthcare-focused investors. We stand poised to propel our AI-technology forward, empowering healthcare organizations to make swift, informed decisions based on data that’s not just clean, but readily available when it matters most.”