HiLabs Closes $39M in Series B Funding


HiLabs, a Bethesda, MD-based provider of AI-powered solutions to manage dirty data, raised $39M in Series B funding.

The round was led by Denali Growth Partners and Eight Roads Ventures, with participation from F-Prime Capital.

The company intends to use the funds to support continued enhancement of the technology as well as recruitment of talent and expansion of its product teams.

Led by CEO Amit Garg, HiLabs is a provider of AI-powered solutions to clean dirty data for healthcare transformation. Its cloud-based MCheck platform ingests, cleans, and enriches critical healthcare information, resulting in significant reduction in healthcare organizations’ operational costs and improvement in patient outcomes. The technology supports some of the largest health insurance companies in the US in their efforts to automate and improve administrative processes.

Commenting on the news, Amit Garg said: “As we embrace this next phase of growth, we’re thankful for the backing of healthcare-focused investors. We stand poised to propel our AI-technology forward, empowering healthcare organizations to make swift, informed decisions based on data that’s not just clean, but readily available when it matters most.”