Mednition, a Burlingame, Calif.-based maker of machine learning powered solutions for healthcare, raised $10m in Series A funding.
The round was led by Concord Health Partners, with participation from existing investor Wildcat Capital Management, LLC, the family office of David Bonderman, co-founding partner of TPG Capital, and existing investors.
The company intends to use the funds to expand its customer care team as it further scales commercial deployment of KATE.
Founded in 2014 by Steven Reilly, CEO, Mednition is providing emergency nurses with KATE, a machine learning clinical decision support solution now in use at Adventist Health White Memorial in Los Angeles. Over 70 emergency nurses at AHWM have been collaborating with KATE on triage acuity assignment serving an average of 160 patients per day. This real-time machine learning solution integrates with all electronic health record (EHR) systems and existing triage processes. Triage nurses are regularly adding their expertise to KATE’s dataset of more than 10 billion de-identified patient clinical data points, making the system continually smarter.
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Date: September 30, 2019
Source: Finsmes
