Olio raises $11M to develop product choices
Olio, a platform that hyperlinks hospital groups with post-acute suppliers for care collaboration, scored $11 million in Sequence B funding led by Fulcrum Fairness Companions.
Mutual Capital Companions additionally participated within the spherical.
WHAT IT DOES
Olio’s care coordination platform permits a hospital’s care group, together with medical doctors and directors, to acquire details about their sufferers as soon as they’ve transitioned into the post-acute setting.
The platform helps clinicians set specialty-specific care objectives and funnels information forwards and backwards between healthcare suppliers and post-acute care settings.
The corporate will use the funds to develop its product choices and hasten its go-to-market plans.
“At Olio, our mission is to remodel the best way healthcare organizations coordinate care,” Ben Forrest, CEO of Olio, stated in an announcement.
“The continued funding from Fulcrum Fairness Companions, mixed with the assist from Mutual Capital Companions, positions us to scale our affect and drive significant change throughout the business.”
MARKET SNAPSHOT
In 2019, Olio raised $2.5 million in seed funding. The corporate didn’t disclose the person buyers; nonetheless, it specified that Innovatemap Ventures was on the checklist of funders.
The corporate used the funds to scale its expertise, develop throughout the U.S., and develop its engineering, advertising and buyer success groups.
Different corporations within the long-term care area embody Fujifilm, which final 12 months joined forces with Juntendo Hospital in Japan to develop AI that predicts the danger of falls amongst outpatients utilizing hospital information.
In 2023, Andromeda Robotics built-in genAI into robotics to remodel human-robot interactions by growing empathetic companion robots, concentrating on the aged and kids in hospitals.
The prototype humanoid robotic named Abi is designed to work together with senior residents at aged care services.
Enabled by machine imaginative and prescient and Chat GPT-4 AI chatbot, Abi acknowledges individuals, solutions questions and tailors conversations based mostly on previous interactions.
