Bright.md, a Portland, Ore.-based healthcare automation company, closed Series C funding.
This additional funding brought strategic investors including Philips Health Technology Ventures, UnityPoint Health Ventures and Concord Health Partners, a healthcare-focused investment firm that has partnered with the American Hospital Association (AHA) on its AHA Innovation Development Fund. Bright.md has raised $16.7 million in its Series C round co-led by B Capital, Seven Peaks Ventures and Concord Health Partners.
The company will use the funding for accelerated market and technology expansion of its suite of care-automation solutions.
Founded in 2014 by Ray Costantini, M.D., CEO, Bright.md provides SmartExam™, a capacity-boosting, AI-powered, asynchronous telehealth platform already deployed in hospitals and healthcare systems across the U.S. and Canada. The company currently works with some of the largest health systems to deliver treatment for nearly 500 conditions such as the flu, pediatrics, dermatology, muscular-skeletal, and behavioral health issues.