Virtual care provider K Health has recently secured $50 million in an equity funding round, led by Claure Group with participation from Pablo Legorreta and existing investors Valor Equity Partners, Mangrove Capital Partners, and Atreides Management LP. K Health’s AI-powered platform streamlines the provider experience by enabling patients to undergo assessments via an AI chat. The information gathered is then combined with relevant EMRs to provide providers with a personalized medical chart with insights.
With the recent funding, K Health aims to expand its reach within healthcare systems and further develop its AI innovations. Marcelo Claure, founder and CEO of Claure Group, praised K Health for successfully using AI to impact millions of lives by providing accessibility to faster, higher-quality, and lower-cost care on a large scale. In 2023, the company raised $59 million in a down round, with investment coming from existing investors and California-based hospital system Cedars Sinai.
K Health also partnered with Cedars-Sinai to enhance the health system’s virtual care options for patients, developing Cedars-Sinai Connect, a virtual healthcare platform powered by K Health’s AI technology. Additionally, the company has entered into a know-how agreement with the Mayo Clinic to develop a clinical AI-enabled solution for cardiac care, using de-identified data from Mayo to refine its AI and create new algorithms to aid in predicting risk and treatment options.