Qventus, Inc., a Mountain View, CA-based leading provider of AI-powered software for care operations, announced that it raised $50 million in Growth investment.
The round was led by Thomas H. Lee Partners, L.P. (“THL”), a premier private equity firm investing in growth companies, and a strategic partnership and investment by Premier, Inc., a leading healthcare improvement company. Along with existing investors Bessemer Venture Partners, Mayfield Fund, and Norwest Venture Partners.
The funding round and partnership position the Company to expand its technology to additional hospitals and health systems across the United States.
Company: Qventus, Inc.
Round: Growth funding
Funding Month: February 2022
Lead Investors: Thomas H. Lee Partners, L.P. (“THL”) and Premier, Inc.
Additional Investors: Bessemer Venture Partners, Mayfield Fund, and Norwest Venture Partners
Company Website: https://qventus.com/
Software Category: AI-powered software for care operations
About the Company: Qventus is the leading provider of AI-based software for care operations automation. Integrating with EHRs, the Qventus platform uses AI, machine learning, and behavioral science to power best-practice solutions for inpatient, perioperative, emergency department, and command center settings. As a partner to leading health systems and hospitals across the country, including Boston Medical Center, HonorHealth, M Health Fairview, Mercy, and Saint Luke’s Health System, Qventus delivers proven outcomes, including 30-50% fewer excess days, 1 full day reduction in length of stay, and over 2 new cases added per operating room per month