ClosedLoop.ai., an Austin, Texas-based healthcare’s data science platform, raised $34m in Series B financing.
The round was led by Telstra Ventures with participation from Breyer Capital, Greycroft Ventures, .406 Ventures, and Healthfirst, with participation from angel investors Adam Boehler (former director of CMMI & CEO of Rubicon Founders) and Sam Palmisano (former CEO of IBM).
The company intends to use the funds to continue to expand the reach its artificial intelligence (AI) solutions.
ClosedLoop.ai provides a healthcare’s data science platform that enables healthcare organizations to use AI to improve outcomes and reduce costs. The system combines an end-to-end machine learning platform with a comprehensive library of healthcare-specific features and model templates to allow customers to improve clinical results, operational efficiency, value-based contracts, and increase revenue.
The platform integrates several data science workflows (data onboarding and normalization, automated feature engineering, autoML, and MLOps) and includes capabilities that facilitate experimentation, collaboration, oversight, and management.