US-based medical data technology provider Carta Healthcare has secured $17.3m in series A funding from investors including AI Digital Innovation Fund, a subsidiary of healthcare provider Mass General Brigham.
Venture capital firm Storm Ventures led the round, which included University of Colorado Anschutz Medical Campus’s CU Health Innovation Fund, Asset Management Ventures, Atypical Ventures, Healthy Ventures, Katalyst Ventures, Maverick Ventures, Seven Peaks Ventures and Waterline Ventures.
Carta has built artificial intelligence-equipped software designed to help hospitals automate clinical data analytics in a bid to improve patient care. The cash will go to hiring additional medical and technical professionals, forming strategic partnerships and improving its data technology.
Matt Hollingsworth, Carta’s co-founder and CEO, said: “The effectiveness of the solutions we built has led to our significant growth over the past year, and we plan to use this new investment to bring our solution to new partners.
“This investment further validates the need to have trustworthy, actionable data to drive improvements in healthcare and will allow us to deliver on our ultimate promise – to make people healthier.”