Qventus, a Mountain View, CA-based operations management solution for health systems, secured $30M in Series B funding.
The round was led by Bessemer Venture Partners, with participation from NewYork-Presbyterian Hospital as well as existing investors Mayfield Fund and Norwest Venture Partners. In conjunction with the financing, Stephen Kraus, Partner at Bessemer Venture Partners, will join the board.
The company, which has now raised over $43M in total funding, intends to use the capital for the continued rapid expansion of their AI-based platform.
Led by CEO and Co-Founder Mudit Garg, Qventus offers an AI-based software platform that allows hospital teams to make operational decisions in real-time, with positive impacts on financial performance and patient experience. The company addresses operational challenges across the hospital including emergency departments, perioperative areas, patient safety, inpatient, outpatient and pharmacy.
In just under three years, the software has enabled more than 3.8M patient encounters to date and has been deployed at notable health systems across North America, including NewYork-Presbyterian Hospital, Emory Healthcare and the Mercy health system.