Viz.ai, a San Francisco, CA-based AI-powered care coordination platform for disease detection and workflow optimization, raised $40 million in growth capital from CIBC Innovation Banking.
The fresh funds will be used to expand its AI-powered care coordination platform and fuel its expansion, including potential acquisitions.
Viz.ai is a pioneer in the use of artificial intelligence to accelerate disease detection, guide critical care choices, and assist patients to receive better treatment.
“Today, Viz.ai serves a patient every 21 seconds across more than 1,300 hospitals. With CIBC Innovation Banking’s investment, we will evaluate strategic acquisition opportunities and reach and impact even more patients by expanding our end-to-end platform into new disease areas,” said Lisa Garland, VP of Finance at Viz.ai.
To optimize care pathways and increase patient access to life-saving treatments, the Viz.ai AI-powered platform connects and activates whole care teams, including radiologists, emergency physicians, and specialists.
Company: Viz.ai Inc.
Raised: $40.0M
Round: Growth Funding
Funding Month: March 2023
Lead Investors: CIBC Innovation Banking
Additional Investors: Insight Partners, Tiger Global, Kleiner Perkins, Google Ventures, Scale Venture Partners, and Greenoaks Capital Partners
Company Website: https://www.viz.ai/
Software Category: AI-powered Care Coordination Platform
About the Company: Founded in 2016, Viz.ai is a healthcare company that pioneer in the use of AI algorithms and machine learning to increase the speed of diagnosis and care, covering more than 220 million lives across 1,300+ hospitals and health systems in the U.S. and Europe. The AI-powered Viz Platform is an intelligent care coordination solution that identifies more patients, informs critical decisions at the point of care, optimizes care pathways, and helps improve outcomes. Backed by clinical evidence, the Viz Platform delivers significant value to patients, providers, and pharmaceutical and medical device companies.
Source: https://www.businesswire.com/news/home/20230322005036/en/CIBC-Innovation-Banking-Provides-40M-in-Growth-Capital-Financing-to-Viz.ai