Carenostics Raises $5 Million in Seed Round

by Kay Aloha Villamor in September 18th, 2023

Carenostics, a New York-based healthcare AI startup focused on addressing undiagnosed and undertreated chronic diseases, raised $5 million in seed funding.

SaaS Investors

The round was led by M13, with participation from Greatpoint Ventures, Gaingels, and Kurt Hilzinger, Chairman of Humana, who also joined Carenostics' advisory board. 

Founded in 2016, M13 is a venture capital firm based in Santa Monica, California. The firm seeks to invest in the technology, work, health, commerce, and money sectors.

Carenostics Use of Funds

The funding will be used to expand the company's presence in more health systems and chronic conditions.

About Carenostics

Carenostics has developed an AI platform that identifies undiagnosed and undertreated chronic disease patients and prompts clinicians to intervene earlier within their current workflows. Carenostics tailors AI models to each health system using existing electronic health record (EHR) data and supports physicians across multiple diseases while prioritizing patient data privacy. Carenostics revolutionizes patient care through the application of clinically-oriented artificial intelligence, which identifies patients at risk for chronic diseases.

Carenostics has received awards from Bio-IT World, the National Science Foundation, and the Digital Health Hub Foundation, and their work has been accepted for publication in NeurIPS and AMGA.

Funding Details

Company: Carenostics, Inc.

Raised: $5.0M

Round: Seed Round

Funding Month: September 2023

Lead Investors: M13

Additional Investors: Greatpoint Ventures, Gaingels, and Kurt Hilzinger

Company Website:  

Software Category: Healthcare AI Solutions



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