AI behavioral health co Eleos Health raises $40m

[ad_1]

Israeli AI behavioral well being firm Eleos Well being at the moment introduced the completion of a $40 million Collection B financing spherical led by Menlo Ventures, with participation from F-Prime Capital, Eight Roads, Arkin Digital Well being, SamsungNEXT and ION together with present traders aMoon and lool ventures. This spherical brings the whole quantity raised by Eleos Well being to $68 million.

The newest funding will help the corporate’s product growth plans, which embody new and enhanced AI options for group remedy classes, compliance automation, case administration, concurrent documentation and value-based care help. The funds will speed up Eleos Well being’s hiring, develop its advertising and marketing and gross sales attain to serve extra behavioral well being suppliers and segments, and bolster strategic partnership growth to convey extra EHRs and trade associations into the Eleos ecosystem. The corporate, which has 95 staff, plans to rent greater than 50 individuals by the tip of 2024.

Eleos Well being has launched a CareOps Automation platform that leverages specialised AI fashions to show behavioral well being conversations into automated documentation and scientific insights.

The corporate has tripled its year-on-year income development and is ready to repeat this in 2023. Eleos Well being has additionally greater than doubled its buyer base, quadrupling the variety of suppliers utilizing an Eleos answer and expanded to serve 23 US states. The corporate has analyzed greater than 3 million minutes of remedy classes year-to-date in 2023, saving greater than 300 days of documentation time throughout all suppliers and organizations.

Eleos CEO and cofounder Alon Joffe stated, “At Eleos, we consider client-centered care can’t occur with out a human supplier on the heart of the therapeutic relationship, which is why we deal with augmenting – not changing – their means to have interaction with and assist purchasers successfully and effectively. We began Eleos after personally witnessing the immense administrative obstacles going through clinicians – via our personal experiences and people of our family members. The suppliers will at all times be the heroes of the care story – we’re simply right here to assist them write it higher and sooner.”

Printed by Globes, Israel enterprise information – en.globes.co.il – on November 8, 2023.

[ad_2]

Source link