Pieces Technologies, a US-based healthcare intelligence software provider backed by healthcare systems OSF Healthcare and Children’s Health, has raised $25.7m in equity funding from undisclosed investors, according to a regulatory filing.
Founded in 2015, Pieces Tech has developed software that utilises artificial intelligence to identify the most at-risk patients through electronic medical record and social data, predicts likely readmissions and makes treatment recommendations accordingly.
The company was incubated within Parkland Center for Clinical Innovation (PCCI), the non-profit organisation formed by care provider Pieces Tech Parkland Health & Hospital System.
Pieces Tech emerged from stealth in 2016 with $21.6m in a series A round co-led by venture capital firms Pacific Advantage Capital Partners and Jump Capital that included OSF, Children’s Health and PCCI.
The series A funding was followed by $3.25m in debt financing in February 2018, $10.9m in equity funding in December the same year and a further $5m in debt three months later, according to additional filings.
