Like so many people with busy 9-to-5s, high school teacher Suzanne Grinberg has a scheduling problem: By the time she has a free moment in her day to call her doctor to make an appointment, the doctor\u2019s office is already closed.\u00a0<\/p>\n
So, when she recently called her dermatologist before business hours, Grinberg expected to leave a voicemail\u2014but instead got a pleasant surprise. \u201cAt 5:30 AM, when I was putting on my makeup to go to work, I was able to make my appointment,\u201d she said.<\/p>\n
Grinberg\u2019s dermatologist had started using a voice AI system called Assort Health, a startup building specialty-specific agents for healthcare. The company was founded in 2023 by Jeff Liu and Jon Wang, who together spent two years getting to know the healthcare system before the startup picked up steam.\u00a0<\/p>\n
\u201cWhat\u2019s really interesting about our space is that voice AI and LLMs have actually been around for a while,\u201d said Liu, who is the co-CEO. \u201cBut healthcare is so complicated. They have binders, spreadsheets full of these really complicated rules, and that\u2019s prevented automation from helping providers\u2014despite them really needing help.\u201d\u00a0<\/p>\n
Assort, which to date has collected approximately 42 million patient interactions on its platform, raised its $22 million Series A in April, with Term Sheet breaking the news<\/a>. They\u2019re now back, just a few months later: Assort has raised a $76 million Series B, led by Lightspeed, Fortune can exclusively report. First Round and Chemistry, which led the Series A, returned as investors for this round and were joined by Felicis, A*, Liquid 2 Ventures, and Quiet. This brings Assort\u2019s total capital raised to date to $102 million, and to one doctor, the tech solves a key business problem.\u00a0<\/p>\n \u201cThe problem in any business, if you don\u2019t have individuals working at the top of their license, is that you\u2019re leaving money on the table,\u201d said Dr. Titus Abraham, physician at Annapolis Internal Medicine, a practice using Assort. \u201cThey\u2019re doing things that can be done better by someone else or by a different system\u2026I shouldn\u2019t be signing paperwork or taking calls all day.\u201d<\/p>\n The end game, says cofounder and co-CEO Wang, is \u201cmoving from a reactive system where you as a patient have to schedule a primary care appointment six months out, to a system that\u2019s more proactive and preventative.\u201d For example, Wang says, \u201cif you know after you get your cortisone injection in your right knee, you need to schedule another appointment three months out, we\u2019re going to have an agent that\u2019s going to be there for you, helping make sure you get your time booked right.\u201d<\/p>\n It\u2019s a lofty goal, to be sure, and not one any single company can accomplish in a system as labyrinthine and layered as U.S. healthcare. All the same, this is a moment characterized by a unique level of optimism (and venture dollars) flowing into a wave of young startups at the intersection of healthcare and AI. Lightspeed partner Galym Imanbayev attributes this momentum to \u201cthe surface area by which technology and AI can impact healthcare [having] dramatically expanded\u2026leading to unprecedented ROI demonstrated tangibly by customers.\u201d Olympic gold medal speedskater and Assort investor Apolo Ohno puts it more directly: \u201cThe radical speed at which AI is transforming industries right now is not debatable.\u201d<\/p>\n For Assort\u2019s Liu, the ultimate value is in the patient experience: \u201cIt\u2019s a painful process to get access to care. And when we solve this critical problem in a way patients and providers haven\u2019t seen before, it\u2019s this magical moment.\u201d<\/p>\n See you tomorrow,<\/p>\n Allie Garfinkle Joey Abrams curated the deals section of today\u2019s newsletter. Subscribe here<\/a>.\n<\/p>\n Venture Deals<\/p>\n – Alvys<\/b><\/a>, a Solana Beach, Calif.-based developer of AI technology for freight operations, raised $40 million in Series B funding. RTP<\/b> Global<\/b> led the round and was joined by Alpha<\/b> Square<\/b> Group<\/b> and others.<\/p>\n – OXCCU<\/b><\/a>, an Oxford, U.K.-based sustainable aviation fuel company, raised $28 million in Series B funding from International<\/b> Airlines<\/b> Group<\/b>, Safran<\/b> Corporate<\/b> Ventures<\/b>, Orlen<\/b>, Aramco<\/b> Ventures<\/b>, and others.<\/p>\n – Paid<\/b><\/a>, a London, U.K.-based monetization and cost tracking platform for AI agents, raised $21.6 million in seed funding. Lightspeed<\/b> Venture<\/b> Partners<\/b> led the round and was joined by FUSE<\/b> and existing investor EQT<\/b> Ventures<\/b>.<\/p>\n – Lexroom.ai<\/b><\/a>,<\/b> a Milan, Italy-based developer of legal AI software, raised $19 million in Series A funding. Base10<\/b> Partners<\/b> led the round.<\/p>\n – Mondoo<\/b><\/a>, a San Francisco-based developer of a vulnerability management platform for agentic AI, raised $17.5 million in funding. HV<\/b> Capital<\/b> led the round and was joined by T.Capital<\/b> and existing investors Atomico<\/b>, Firstminute<\/b> Capital<\/b>, and System.One<\/b>.<\/p>\n – Goodfit<\/b><\/a>, a London, U.K.-based data platform for go-to-market strategy, raised $13 million in funding. Notion<\/b> Capital<\/b> led the round and was joined by Salica<\/b> Investments<\/b>, Inovia<\/b> Capital<\/b>, Robin Capital<\/b>, Common<\/b> Magic<\/b>, and Andrena<\/b> Ventures<\/b>.<\/p>\n – Neura Health<\/b><\/a>, a NYC-based virtual neurology clinic, raised $11.4 million in Series A funding. The American Heart Association\u2019s Go Red for Women Venture Fund <\/b>led the round and was joined by Norwest<\/b> Venture<\/b> Partners<\/b>, Koch<\/b> Disruptive<\/b> Technologies<\/b>, Esplanade<\/b> Ventures<\/b>, and others.<\/p>\n – Confido Health<\/b><\/a>, a New York City-based agentic AI platform for health care operations, raised $10 million in Series A funding. Blume<\/b> Ventures<\/b> led the round and was joined by Schema<\/b> Ventures<\/b>, Vicus<\/b> Ventures<\/b>, and others.<\/p>\n – InOrbit.AI<\/b><\/a>,<\/b> a Mountain View, Calif.-based AI-powered robot orchestration platform, raised $10 million. L’ATTITUDE<\/b> Ventures<\/b> and Globant<\/b> Ventures<\/b> led the round.<\/p>\n – Supernova<\/b><\/a>, a Dover, Del.-based developer of an AI-powered collaborative workspace for product teams, raised $9.2 million in Series A funding. Taiwania<\/b> Capital<\/b> led the round and was joined by J&T<\/b> Ventures<\/b>, Reflex<\/b> Capital<\/b>, and existing investors.<\/p>\n – Arqh<\/b><\/a>, a Zurich, Switzerland-based AI company developing a decision-intelligence engine for complex operations, raised $3.8 million in pre-seed funding. Founderful<\/b> led the round and was joined by Merantix<\/b> Capital<\/b>.<\/p>\n Private Equity<\/p>\n – AAi<\/b> Labels<\/b> & Decals<\/b>, backed by Portrait<\/b> Capital<\/b>, acquired Sticker<\/b> Ranch<\/b><\/a>, a San Antonio, Texas-based labels and stickers provider. Financial terms were not disclosed.<\/p>\n – Northrim<\/b> Horizon<\/b> acquired ACG<\/b> Systems<\/b><\/a>, an Annapolis, M.D.-based systems integrator and technical service provider for wireless communication systems. Financial terms were not disclosed.<\/p>\n – Towne Park<\/b>, backed by Greenbriar<\/b> Equity<\/b> Group<\/b>, acquired Frogparking<\/b><\/a>, a Palmerston, New Zealand-based parking systems company. Financial terms were not disclosed.\u00a0<\/p>\n Funds + Funds of Funds<\/p>\n – Concept<\/b> Ventures<\/b><\/a>, a London, U.K.-based venture capital firm, raised $88 million for its second fund focused on pre-seed companies.<\/p>\n People<\/p>\n – GV<\/b><\/a>, a San Francisco-based venture capital firm, promoted Vidu<\/b> Shanmugarajah<\/b> to general partner.<\/p>\n – Turnspire Capital<\/b> Partners<\/b><\/a>, a New York City-based private equity firm, promoted Ahdiv<\/b> Nathan<\/b> to principal.<\/p>\n Introducing the Fortune AIQ 50 ranking<\/p>\n Today, we published the Fortune AIQ 50<\/b>, a new ranking that evaluates how Fortune 500 companies are actually deploying AI, and how technology leaders value those investments relative to industry peers. The ranking is a record of how 18 sectors across the Fortune 500, including financials, health care, and retailing, are utilizing AI to personalize customer experiences, provide groundbreaking data analysis, optimize supply chains, and more.\u00a0Explore the list<\/a>, and catch up on our ongoing\u00a0Fortune AIQ series<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Like so many people with busy 9-to-5s, high school teacher Suzanne Grinberg has a scheduling problem: By the…\n","protected":false},"author":3,"featured_media":267542,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[210,1141,1142,3743,3744,67,132,68,1594],"class_list":{"0":"post-267541","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-health-care","8":"tag-health","9":"tag-health-care","10":"tag-healthcare","11":"tag-private-equity","12":"tag-term-sheet","13":"tag-united-states","14":"tag-unitedstates","15":"tag-us","16":"tag-venture-capital"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115295508892216653","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/267541","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=267541"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/267541\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/267542"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=267541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=267541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=267541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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