Healthcare-focused cybersecurity company Blackwell Security has secured $13 million in a funding round led by General Catalyst and Rally Ventures.
The company, which is a co-creation from General Catalyst and Rally Ventures, also hired Geyer Jones as its first chief executive officer. Jones previously served as chief operating officer at healthcare IoT security company Cylera and chief strategy...
Safety-focused large language model company Hippocratic AI announced the closing of an oversubscribed $53 million Series A funding round, bringing its total raise to $120 million.
The funding brings the valuation of the company to $500 million.
The round was co-led by General Catalyst and Premji Invest, with participation from Memorial Hermann Health System and SV Angel.
Additional investors...
Venture capital firm General Catalyst announced its recently formed business venture Health Assurance Transformation Corporation (HATCo) intends to purchase Ohio-based Summa Health, a nonprofit healthcare system with over 30 locations throughout the Akron and Canton areas.
Summa Health, founded in 1989, is an integrated delivery system that has been operating for over 130 years. It was formed...
Editor's note: Since the release of this article, General Catalyst has announced its intent to purchase Ohio-based healthcare system Summa Health.
Digital health stakeholders need to renew their focus on getting back to the basics, such as improving care access, outcomes, cost and workforce retention, says Holly Maloney, managing director at General Catalyst.
Maloney joined MobiHealthNews to...
Healthcare AI company Layer Health, spun out of MIT, announced its launch with $4 million in funding from GV (Google Ventures), General Catalyst and Inception Health.
WHAT THEY DO
Layer Health's AI platform, dubbed Distill, built on machine learning algorithms that leverage large language models, aims to streamline the chart review process from unstructured data.
The technology can be...
Hemant Taneja, CEO and managing director of venture capital firm General Catalyst, and Dr. Marc Harrison, former CEO of Intermountain Health, announced the formation of a new business venture owned by General Catalyst dubbed the Health Assurance Transformation Corporation (HATCo) that will see Harrison as its CEO.
The pair also announced the intent to buy a health system that will put technology...
Hippocratic AI, a generative AI company developing safety-focused large language models for healthcare, launched with $50 million in seed funding.
The funding round was co-led by General Catalyst and Andreessen Horowitz.
WHAT THEY DO
Hippocratic AI is building a large language model for healthcare, initially concentrating on non-diagnostic, patient-facing applications. The company is focusing on...
CHICAGO – During Venture Connect at HIMSS23 on Wednesday, Holly Maloney, managing director of General Catalyst, discussed responsible AI use in healthcare and what the company looks for in a startup when considering an investment.
"Over the last three to four years, we've put pen to paper of defining truly what is our thesis," Maloney said. "And it is all around this concept of Health Assurances...
Maribel Health, a company that helps healthcare systems design, build and operate technology-enabled home and community clinical care services, secured $25 million in a Series A funding round led by General Catalyst.
The New Hampshire-based company was launched as part of General Catalyst's "hatch" program, where the venture capital firm provides resources to start companies from the ground up...
Biotech and digital health funding soared in the wake of the COVID-19 pandemic, but both sectors slowed down in 2022.
Elena Viboch, partner at General Catalyst, said startups need to focus on the end goal — building technology or therapies that can help patients. She sat down with MobiHealthNews to discuss her takeaways from this year and her predictions for 2023.
MobiHealthNews: What do you...
