Microsoft’s venture fund M12 has lead the Series A funding in Andor Health, the company that harnesses machine and human intelligence to change the way care teams connect and collaborate.
Financial details of the funding round were not disclosed but Andor Health said M12’s investment comes as it has shown quick growth and success with ThinkAndor, its artificial intelligence and machine learning-powered virtual health program.
“I am proud that Andor chose M12 to lead their Series A round. Their ML-powered virtual patient care platform is already demonstrating positive ROI for their customers, mitigating appointment drop-off and saving physicians time during patient encounters,” said Microsoft Corporate Vice President and Global Head of M12, Nagraj Kashyap.
Andor Health’s ThinkAndor uses AI and machine learning to help configure the pre- and post-visit patient experience, while the AI virtual assistant delivers relevant clinical content from the electronic health record (EHR) in the virtual health session. ThinkAndor improves the delivery of virtual care in a number of unique ways, including:
- Securely bringing patient and clinical context from source systems, like the EHR, directly into virtual visits
- Enabling natural language processing for voice dictated notes and recommending tasks to be pushed into the EHR
- AI/Bot driven configuration of virtual visits
- Managing and configuring a virtual waiting room
- Enabling post-visit triggers and notifications to clinicians and care team members.
“We are excited to welcome M12 into the Andor Health family,” said Raj Toleti, CEO of Andor Health. “This investment is not only a validation of ThinkAndor’s place serving the present needs of virtual health, but it also ensures an expansion of success in new markets, furthering our ability to help healthcare organizations serve patients better, improve and automate workflows, and work towards an automated feature set that results in better patient care.
M12 invests in enterprise software companies primarily in the Series A through C funding stages with a focus on applied AI, business applications, infrastructure, security, and vanguard technologies. It has offices in San Francisco, Seattle, London, Tel Aviv, and Bengaluru. – BusinessNewsAsia.com