HiLabs, an AI-powered dirty data management company situated in Bethesda, MD, has raised $39 million in Series B funding.
Denali Growth Partners and Eight Roads Ventures led the investment, with F-Prime Capital participating.
The cash will be used by the company to support talent recruitment, product team expansion, and ongoing technological enhancement.
HiLabs is a supplier of AI-powered solutions to clean dirty data for healthcare transformation, led by CEO Amit Garg. Patient outcomes are improved and operational expenses for healthcare organizations are significantly reduced thanks to the cloud-based MCheck platform, which ingests, purifies, and enriches vital healthcare data.
Some of the biggest health insurance providers in the US are aided by technology in their attempts to streamline and automate administrative procedures.
“As we embrace this next phase of growth, we’re thankful for the backing of healthcare-focused investors,” Amit Garg said in response to the news.
We are ready to advance AI technology so that healthcare companies may make quick, well-informed decisions using data that is not only clean but also easily accessible when it counts most.
