Layer Health, a healthcare AI company spun out of MIT, announces launch with $4 million in funding from GV (Google Ventures), General Catalyst, and Inception Health.
what do they do
Layer Health’s AI platform, called Distill, is built on machine learning algorithms that leverage large-scale language models and aims to streamline the chart review process from unstructured data.
The technology can be integrated into existing products and is intended to support quality measurement, real-world evidence curation, revenue cycle management, quality measurement, and registry submissions without the need for labeled data.
The company is led by David Sontag, CEO of Layer Health and a university professor. MIT has published over 100 papers on AI and machine learning.
Its leadership team includes Luke Murray, who built MedKnowts and Know Your Data; Google and Monica Agrawal, who previously built ML models for oncology-focused digital health company Flatiron Health.
market snapshot
Several companies, including one based in Dallas, are leveraging AI to improve clinical workflows. Pieces Technologies is a healthcare generation AI company for care teams.
Earlier this month, the company announced its incorporation. Amazon Web Services’ genAI service for creating Sculpted AI. The platform can be tailored to healthcare system specifications and incorporates AI into clinical workflows in electronic health records.
March, New York-based health technology company Focused on clinical competency management, Florence was founded with $20 million in seed funding in a round led by Google Ventures, Thrive Capital, and Salesforce Ventures.
Florence’s platform is more patient-oriented, allowing people to track their medical progress using their smartphones. Patients can fill out intake forms, fill prescriptions, update clinical information, and schedule follow-up appointments, facilitating clinical workflow for healthcare providers.