Latent, a San Francisco, CA–based clinical AI company accelerating access to life-saving medications, has raised $80 million in a Series A funding round.
Investors
The round was co-led by Spark Capital and Transformation Capital, with participation from Conviction, McKesson Ventures, General Catalyst, and Y Combinator.
Spark Capital is a multi-stage venture capital firm that invests in disruptive technology companies across all stages, from Seed to growth. The firm focuses on sectors such as consumer internet, enterprise software, fintech, AI, and media. Headquartered in San Francisco, with additional offices in New York and Boston. Founded in 2005, the firm manages over $12 billion in assets.
Transformation Capital is a premier growth equity firm exclusively dedicated to the digital health and healthcare IT sectors. Founded in 2016 and headquartered in Boston, it typically leads or co-leads Series B through D funding rounds for commercial-stage companies, leveraging an extensive executive network to scale platforms in areas such as AI diagnostics, pharmacy benefits, and clinical workflow.
Latent Use of Funds
The company will use the funding to expand its health system partnerships, enhance its clinical AI platform, invest in system reliability and trust, and grow its team.
About Latent
Founded by Sriram Somasundaram and Rishabh Jain, Latent is a clinical AI company focused on closing the gap between diagnosis and treatment by automating complex clinical knowledge work. Its clinical reasoning engine analyzes patient data, interprets drug eligibility criteria, and orchestrates workflows across providers, payers, and pharmacies to ensure faster access to therapies. Headquartered in San Francisco, California, Latent serves over 45 health systems, including Yale New Haven Health, Ochsner Health, MetroHealth, UCI, Vanderbilt Health, Mount Sinai Health System, Henry Ford Health System, UCSF Health, and UCLA Health.
Funding Details
Company: Latent
Raised: $80.0M
Round: Series A
Funding Date: April 2026
Lead Investors: Spark Capital, Transformation Capital
Additional Investors: Conviction, McKesson Ventures, General Catalyst, Y Combinator
Company Website: https://latenthealth.com/
Software Category: Healthcare AI / Clinical Workflow Automation
Source: https://www.businesswire.com/news/home/20260330515802/en/