US-based healthcare automation technology developer Infinitus has emerged from stealth with $21.4m in funding from a series A round featuring internet technology provider Google’s artificial intelligence fund, Gradient Ventures, TechCrunch reported yesterday.
The round was co-led by venture capital firm Kleiner Perkins and investment manager Coatue and it included Quiet Capital, Firebolt Ventures, Tau Ventures and angel investors Ian Goodfellow, Gokul Rajaram, Aparna Chennapragada and Qasar Younis.
Infinitus has developed voice-based robotic process automation (RPA) software for the healthcare sector, automating activities such as contact between pharmacies or care providers and insurance companies.
Ankit Jain, co-founder and chief executive of Infinitus, was a director of engineering for Google who was also a founding partner of Gradient Ventures when it was formed in 2017.
Regarding the technology, Jain told TechCrunch: “We were starting to see a lot of improvements in voice communications technology, turning text into speech and speech into text. I realised that it would soon be possible to automate phone calls where a machine could carry out a full conversation with someone.”
