Healthcare call automation company Infinitus Systems announced a $30 million Series B funding round. GV led the round with participation from Kleiner Perkins, Coatue Management and others. This latest round of funding brings the company’s total raise to roughly $51.4 million.
As part of the funding news, the company announced that Dr. Krishna Yeshwant, a managing partner at GV, and Aaron Weiner, the managing director at Coatue, will be joining its board.
WHAT IT DOES
The company works in the artificial intelligence automation space. Specifically the company has created a VoiceRPA system that helps healthcare providers automate their phone calls. The system is HIPAA-compliant and scalable.
The San Francisco-based company also announced its DynamoBV system, which is a united benefits verification tool.
“DynamoBV augments state-of-the-art natural language processing with our proprietary expert in-the-loop processes to automate high-volume tasks and seamlessly navigate exceptions,” Shyam Rajagopalan, co-founder and CTO of Infinitus, said in a statement.
“The machine precision of Infinitus’ AI engines combined with the experience of our benefit verification specialists ensures the successful handling of edge cases, while enabling the expansion into new use cases quickly. With continuous reinforcement to our ML conversation models, Infinitus customers benefit from the improvements made to the system in real-time, without the need for costly client-side upgrades.”
WHAT IT’S FOR
The company said that the new funds will go towards investing in more staff, scaling its operations, accelerating its product delivery and investing in its sales and marketing teams.
Today there are many companies on the market looking to help automate the administrative side of healthcare. For example, Notable, a California-based startup focused on using its voice-powered doctor’s assistant for clinical automation, scored $100 million in Series B funding earlier this month.
Additionally, Robin Healthcare developed an AI-enabled workflow management tool aimed at helping doctors cut down on the paperwork.