TytoCare Raises $49M Funding Round

TytoCare, a NYC-based virtual care company enabling health plans and providers to deliver primary care from home, raised $49m in additional growth funding.

The round, which brought total funding raised to date to $205m, was led by Insight Partners, with participation from new investors MemorialCare — a California health system — as well as two major pension funds, Healthcare of Ontario Pension Plan (HOOPP) and Clal.  

The company intends to use the funds to roll out its Home Smart Clinic and develop next-generation AI capabilities.

Led by Dedi Gilad, Co-Founder and CEO, TytoCare provides the Home Smart Clinic, a virtual care solution that replicates the doctor’s office in the home. The solution combines TytoCare’s FDA-cleared handheld remote examination device, the AI-backed Tyto Insights™ smart diagnosis support, and the Tyto Engagement Labs™ to provide virtual care in the home and enable health plans and providers to deliver on expected ROI and drive improved health outcomes. To complete its offering, the company also provides the Pro Smart Clinic, for professional settings outside the home to serve rural clinics, schools, workplaces, and more. TytoCare serves over 220 major health systems and health plans in the U.S., Europe, Asia, Latin America, and the Middle East.