Portfolio News

9 healthcare outfits named among Forbes’s ‘top AI companies to watch’ in 2021

Forbes has released its third annual AI 50, a list of private, promising North American companies that are using artificial intelligence in ways that are fundamental to their operations, and McKesson Ventures portfolio company Komodo Health is among them. To be considered, companies must be privately held and using machine learning (where systems learn from data to improve on tasks), natural language processing (which enables programs to “understand” written or spoken language), or computer vision (which relates to how machines “see”). AI companies incubated at, largely...

How Top Health Systems are Scaling COVID-19 Vaccine Scheduling with Kyruus

Kyruus Chief Technology Officer Chris Gervais recently wrote on the Amazon Web Services (AWS) blog about how Kyruus has been able to help health systems scale COVID-19 vaccination scheduling thanks to Kyruus and AWS technology. Knowing they needed a way to handle the increasing demand for vaccinations while maintaining access to other services, the majority of Kyruus’ customers turned to technology. Two things were clear: they needed a solution that was intuitive and consumer-friendly, and they needed a solution and vendor relationship that could scale with...

How do providers strike the right balance between in-person care and telehealth?

In a recent Healthcare IT News article, Aledade Chief Policy Officer and Chief Commercial Officer Sean Cavanaugh offered his expert insight into virtual care after the pandemic ends. During the peak of the pandemic, up to 50 percent of all primary care visits were conducted via telehealth. That happened in part because of the Center for Medicare & Medicaid Services’ quick actions to loosen restrictions around telehealth, which led to an uptick in telehealth adoption by Medicare beneficiaries. Now, as vaccine distribution continues and more in-person care appointments are...

Women’s Digital Health Startups Reap Record VC Funding on Covid Surge

After being seen as an overly risky niche for years, women-focused digital health startups are finally beginning to see significant funding come their way. According to research and investment firm Rock Health, funding for women-focused digital health startups rose 105% last year to $418 million spread across 22 deals—nearly twice the number from the year before. But despite the recent jump in investor interest, Rock Health says femtech companies only account for 3% of overall digital health funding in 2020. “Proving the return on investment is...

Health Data Analytics Startup Komodo Health’s $220M Series E propels it to $3.3B valuation

Komodo Health announced a $220 million Series E funding round led by Tiger Global Management and joined by Casdin Capital. Existing investors ICONIQ Growth, Andreesen Horowitz, and SVB Capital also participated in the round. The funding has propelled Komodo into the unicorn club with a valuation of $3.3 billion. Komodo’s primary business is to offer providers, pharma, and other life sciences stakeholders with a variety of services based on its Healthcare Map, an AI and data analytics tool Komodo says is tracking more than 325 million...