Key Takeaways:
– Regard, an AI-powered healthcare platform, has secured $61 million in its latest funding round.
– Oak HC/FT led the fundraising initiative.
– The funds will be utilized for advancing product development catering to hospitals and healthcare workers.
– Cedars-Sinai Health Ventures, TenOneTen Ventures, Calibrate Ventures, and Techstars were among the participants in the Series B funding.
Digital Chew reports that Regard, a healthcare artificial intelligence (AI) platform, has announced raising $61 million in new funding. The leading investor is Oak HC/FT. The funding will be used to advance product development, primarily aimed to support hospitals and healthcare workers.
Regard’s Growth and Future Endeavors
This AI-powered platform is known for providing vital insights from patient data to physicians, thereby enhancing the quality of care given to patients. It caters to the exponentially growing necessity for accurate and speedy patient data interpretation, which is a cornerstone of effective treatment.
The latest round of funding, Series B, witnessed participation from notable investors. Cedars-Sinai Health Ventures, TenOneTen Ventures, Calibrate Ventures, and Techstars were among those who contributed.
Regard plans to utilize this fresh infusion of capital to further research and develop its product. The main aim is to provide indispensable support to hospitals and healthcare workers who are grappling with ever-increasing amounts of data.
Oak HC/FT’s Stance
Oak HC/FT, the lead investor, has shown profound faith in Regard and its ability to revolutionize healthcare with AI. They strongly believe that the platform’s innovative use of AI to decode and utilize patient data for more efficient care will set a new benchmark in healthcare technology.
Investor Participation
Among the participating investors, Cedars-Sinai Health Ventures has had a rich history of backing innovative healthcare technology projects. They have shown keen interest in Regard’s ability to exploit AI for enhancing patient care.
TenOneTen Ventures, Calibrate Ventures, and Techstars also showed interest in supporting Regard’s mission. Their participation in the funding round showcases their belief in the platform’s potential.
The Future of AI in Healthcare
With the global healthcare sector increasingly incorporating AI, platforms like Regard stand a chance to transform the industry. There’s potential for AI to provide doctors and healthcare workers with unparalleled insights from patient data, resulting in enhanced patient care.
Regard’s recent raise of $61 million manifests the investors’ confidence in its future. It is likely that the healthcare system will greatly benefit from the further development of their product.
To conclude, the latest Series B funding of $61 million for Regard secures a promising future for this AI-powered platform. It is a significant step forward in the journey to revolutionize healthcare with AI technology. The investment underscores the potential and increased reliance of the healthcare sector on AI. It’s safe to say we can look forward to more advancements in this area in the near future.
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**Please note that this article is based on the information provided by [SiliconANGLE](https://siliconangle.com/2024/07/11/healthcare-ai-platform-regard-raises-61m-advance-ai-powered-clinical-insights/) and is not an origination from Digital Chew.
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