New York Based Fabric AI Raised $60M In Series A

New York Based Fabric AI Raised $60M In Series A

New York-based Fabric, an automated AI clinical care system raised $60 million led by General Catalyst in a Series A funding round.

The round was actively participated by Google Ventures, Thrive Capital, Vast Ventures, Salesforce Ventures, Atento Capital, and Box Group. The ex-investors also joined the round.

Aniq Rahman, CEO of Fabric said in an interview that the company will use these funds to accelerate expansion, advance AI capabilities for efficient clinical care, and open growth opportunities.

Moreover, Fabric is a new company in health tech that offers 3 solutions: virtual care, in-person care, and engagement solution. These three solutions help the healthcare industry to track and route staff to automate workflow.

Right now, Fabric works with 3,500 clinics and manages more than 12M patient data. Some big healthcare companies that use Fabric are OSF HealthCare, Luminis Health, Intermountain, and MUSC Health.

Also Read: Germany Based Sastrify Raised $32M To Scale SaaS Service

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