Helian Health, a China-based provider of wifi internet for hospitals, has secured $75m in a series B round led by artificial intelligence technology producer SenseTime, China Money Network reported yesterday.
The round also featured Wanxiang Investment, likely a subsidiary of auto parts and healthcare technology producer Wanxiang, and asset manager Hangzhou Lianchuan Investment Management. It valued Helian at $900m.
Founded in 2014, Helian offers wifi services for hospitals across more than 240 Chinese cities. It has also developed Hejiankang, a corporate healthcare advice platform, and Xiaohe Yizhu, a cloud-based platform on which care providers can store electronic health records.
SenseTime’s AI-based image recognition technology is used for medical imaging, among other functions.
The round comes after Helian raised RMB60m ($9m) in an October 2017 series A round led by 6 Dimensions Capital, the healthcare investment firm formed by pharmaceutical firm WuXi AppTec and VC firm Frontline Bioventures, that included Marathon Venture Partners.
Xu Bing, co-founder of SenseTime, said: “Helian Health is an innovative pioneer in technologies for hospitals. It has become a leader in hospital application of the internet of things.
“Through our investment, SenseTime hopes to accelerate applying its technologies in hospitals and expands its investment in smart healthcare.”