Olio, a platform that hyperlinks hospital groups with post-acute suppliers for care collaboration, scored $11 million in Sequence B funding led by Fulcrum Fairness Companions.
Mutual Capital Companions additionally participated within the spherical.
WHAT IT DOES
Olio’s care coordination platform permits a hospital’s care staff, together with docs and directors, to acquire details about their sufferers as soon as they’ve transitioned into the post-acute setting.
The platform helps clinicians set specialty-specific care targets and funnels knowledge forwards and backwards between healthcare suppliers and post-acute care settings.
The corporate will use the funds to increase its product choices and hasten its go-to-market plans.
“At Olio, our mission is to rework the best way healthcare organizations coordinate care,” Ben Forrest, CEO of Olio, mentioned in a press release.
“The continued funding from Fulcrum Fairness Companions, mixed with the assist from Mutual Capital Companions, positions us to scale our influence and drive significant change throughout the trade.”
MARKET SNAPSHOT
In 2019, Olio raised $2.5 million in seed funding. The corporate didn’t disclose the person traders; nonetheless, it specified that Innovatemap Ventures was on the listing of funders.
The corporate used the funds to scale its expertise, increase throughout the U.S., and develop its engineering, advertising and buyer success groups.
Different firms within the long-term care area embrace Fujifilm, which final yr joined forces with Juntendo Hospital in Japan to develop AI that predicts the danger of falls amongst outpatients utilizing hospital knowledge.
In 2023, Andromeda Robotics built-in genAI into robotics to rework human-robot interactions by creating empathetic companion robots, focusing on the aged and youngsters in hospitals.
The prototype humanoid robotic named Abi is designed to work together with senior residents at aged care services.
Enabled by machine imaginative and prescient and Chat GPT-4 AI chatbot, Abi acknowledges individuals, solutions questions and tailors conversations primarily based on previous interactions.
