Olio, a platform that hyperlinks health facility groups with post-acute suppliers for care collaboration, scored $11 million in Collection B investment led by way of Fulcrum Fairness Companions.
Mutual Capital Companions additionally participated within the spherical.
WHAT IT DOES
Olio’s care coordination platform lets in a health facility’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 atmosphere.
The platform is helping clinicians set specialty-specific care objectives and funnels knowledge backward and forward between healthcare suppliers and post-acute care settings.
The corporate will use the finances to extend its product choices and hasten its go-to-market plans.
“At Olio, our undertaking is to develop into the best way healthcare organizations coordinate care,” Ben Forrest, CEO of Olio, mentioned in a remark.
“The ongoing funding from Fulcrum Fairness Companions, mixed with the make stronger from Mutual Capital Companions, positions us to scale our have an effect on and force significant exchange around the trade.”
MARKET SNAPSHOT
In 2019, Olio raised $2.5 million in seed investment. The corporate didn’t reveal the person buyers; on the other hand, it specified that Innovatemap Ventures was once at the checklist of funders.
The corporate used the finances to scale its generation, extend around the U.S., and develop its engineering, advertising and buyer good fortune groups.
Different firms within the long-term care house come with Fujifilm, which closing 12 months joined forces with Juntendo Health center in Japan to increase AI that predicts the chance of falls amongst outpatients the use of health facility knowledge.
In 2023, Andromeda Robotics built-in genAI into robotics to develop into human-robot interactions by way of growing empathetic better half robots, focused on the aged and kids in hospitals.
The prototype humanoid robotic named Abi is designed to engage with senior citizens at elderly care amenities.
Enabled by way of gadget imaginative and prescient and Chat GPT-4 AI chatbot, Abi acknowledges other folks, solutions questions and tailors conversations in accordance with previous interactions.
