Qventus raises $30M for machine learning tools to help hospitals reduce bottlenecks
May 14, 2018 / STEPHANIE BAUM
Qventus, a health IT business that harnesses a form of artificial intelligence to improve hospital workflows in a way that’s compared with air traffic control, has closed a $30 million Series B round, according to an emailed news release. The funding will be used to boost its customer base and apply machine learning tools to different pain points in healthcare. Bessemer Ventures and New York Presbyterian Ventures, the venture arm of New York Presbyterian’s health system, led the Series B. Mayfield Fund and Norwest Venture Partners, who have previously invested in Qventus, also took part in the round. To date, Qventus has raised more than $43m in total funding. Bessemer Ventures Partner Stephen Kraus also took a board seat at the health IT business.