HomeUSAFabric Raises $60M in Series A Funding

Fabric Raises $60M in Series A Funding

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Fabric

Fabric, a NYC-based developer of a care enablement system automating clinical and administrative work, raised $60M in Series A funding.

The round was led by General Catalyst, with participation from Thrive Capital, GV (Google Ventures), Salesforce Ventures, Vast Ventures, Box Group, and Atento Capital.

The company intends to use the funds to advance AI capabilities to enhance customer efficiency and pursue strategic merger and acquisition opportunities.

Led by CEO Aniq Rahman, Fabric is a health tech company providing providers with a care enablement system, which offers three solutions: in-person care suite, virtual care suite, and engagement suite. Leveraging conversational AI and intelligent adaptive interviews, it unifies virtual and in-person care across intake, triage, routing, and treatment while automating workflows for staff.

To date, Fabric has completed over 12M patient interactions while streamlining processes for more than 3,500 clinicians. Customers include Luminis Health, OSF HealthCare, MUSC Health, and Intermountain.

FinSMEs

22/02/2024

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