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SmarterDx raises $50M in Series B funding led by Transformation Capital to bolster hospital revenue integrity and quality with its clinical AI solution.

PRIVATEMay 14, 2024

Amount Raised

$50 Million

Round Type

Series B

New YorkBiotechnologyHealth CareArtificial IntelligenceMedical

Investors

Floodgate FundFlare Capital PartnersBessemer Venture PartnersTransformation Capital

Description

SmarterDx has secured $50 million in Series B funding led by Transformation Capital, with continued investments from Bessemer Venture Partners, Flare Capital Partners, and Floodgate Fund, bringing total funding to $71 million to date. The investment will propel product innovation and market expansion to benefit hospitals and health systems.

Quick answer

SmarterDx raised $50 Million in a Series B round, dated May 14, 2024. Investors: Floodgate Fund, Flare Capital Partners, Bessemer Venture Partners and Transformation Capital. SmarterDx is based in New York, New York, United States.

How much did SmarterDx raise?
SmarterDx raised $50 Million in a Series B round on May 14, 2024.
Who invested in SmarterDx?
Floodgate Fund, Flare Capital Partners, Bessemer Venture Partners and Transformation Capital are named as investors in this round.
What does SmarterDx do?
SmarterDx is the clinical AI company that discovers, delivers and drives better quality, revenue and care.
Where is SmarterDx based and how big is it?
SmarterDx is based in New York, New York, United States.
Who are the decision-makers at SmarterDx?
Fundz holds 1 contact at SmarterDx. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

SmarterDx

Location

New York, New York, United States

About

SmarterDx is the clinical AI company that discovers, delivers and drives better quality, revenue and care. We use AI to understand each patient's journey, helping hospitals close their revenue integrity "differential" gap. The ability to implement in weeks, ingest more than 30,000 data points per chart, and deliver a risk-free ROI makes SmarterDx the ultimate hospital revenue integrity partner.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

SmarterDx raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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