Mendel, a startup that makes use of synthetic intelligence to wash unstructured medical knowledge, introduced Thursday it had raised $40 million in Collection B funding.
The spherical was led by Oak HC/FT with participation from current investor DCM. The Collection B comes lower than a 12 months after the startup introduced an $18 million increase in June.
WHAT IT DOES
Mendel affords AI merchandise that make sense of unstructured medical info, like EHR knowledge, so it may be used for analysis and evaluation.
A few of Mendel’s merchandise embody Retina, which might pull textual content from scanned photos like faxes, Redact, which de-identifies affected person well being info, and Recruit, which screens information for potential medical trial individuals.
WHAT IT’S FOR
The startup stated it plans to make use of the capital to rent for its AI and engineering groups. It is going to additionally assist its upcoming product, Resolve, which Mendel stated will consolidate medical knowledge so customers can see a longitudinal view of affected person journeys.
“The capital we’ve got raised is a testomony to the robust market match and demand,” cofounder and CEO Karim Galil stated in an announcement. “Our imaginative and prescient is to weave Mendel into the material of each healthcare knowledge platform. It is thrilling to associate with Oak HC/FT as we allow the healthcare ecosystem to supply higher care for each affected person.”
MARKET SNAPSHOT
Google has additionally been working to make unstructured medical info extra helpful and assist clinicians navigate EHRs. In 2020, Google Cloud unveiled two AI-backed instruments to investigate medical information, the Healthcare Pure Language API and AutoML Entity Extraction for Healthcare.
The tech large has been doubling down on its EHR-focused merchandise too. Its Care Studio search instrument goals to arrange affected person knowledge for suppliers. In the meantime, its just lately introduced Situations product goals to push a very powerful info to the forefront earlier than a clinician wants to look, highlighting related metrics and figuring out lacking info.
In 2020, insurer Centene acquired Apixio, which affords a platform that pulls affected person knowledge from sources like EHRs and claims so its payer and supplier clients can analyze that info to make adjustments to their enterprise.
