Healthcare Weekly reports that Israeli Kang Health startup received $12.5 million in new funding for their newly launched, free, primary care app, K.
Mangrove Capital Partners, Primary Venture Partners, and Bessemer Venture Partners are among the investors, K Health stated.
K, the new AI powered healthcare app, provides users actionable insights by analyzing their responses to certain questions against its extensive database of +1B documents, consisting of physicians notes and prescriptions, lab results, and medical charts.
Of course, any new AI powered innovation in healthcare, especially one that promises to help people avoid googling their symptoms and getting mostly useless results, is worth curiosity, if not hope.
Now is the time for healthcare to embrace AI.
But will K, the new AI powered healthcare app, manage to keep users engaged and continue coming back? For now, opinions seem to differ, but one thing is certain: people are talking about the app, and that in itself, is good news for the company. It remains to be seen whether the physicians who reportedly find it useful now, will continue to feel that way in the future, but if it truly assists in providing timely, accurate diagnoses, one could make the case for success.
According to Healthcare Weekly, K is the third startup in the last week to receive funding for leveraging artificial intelligence in the healthcare space. The other two startups that made the news recently in this space include Verge Genomics and Hu-manity.
Recently, Healthcare Weekly included K Health on their list of best healthcare startups to watch for in 2018.