K Health, a virtual primary care provider, recently announced that it has secured $50 million in equity funding. The funding round was led by the Claure Group, with participation from Pablo Legorreta and existing investors such as Valor Equity Partners, Mangrove Capital Partners, and Atreides Management LP.
The company offers a variety of services including primary care, urgent care, mental health, and medical weight management through its AI-enabled platform. Patients undergo an assessment via an AI chat, which is then combined with relevant electronic medical records (EMRs) to provide providers with a personalized medical chart.
With the new funding, K Health plans to expand its reach within healthcare systems and further advance its AI innovations. The company has been recognized for successfully using AI to impact millions of lives by providing faster, higher-quality, and lower-cost care on a large scale.
In the past, K Health raised $59 million in a down round in 2023, with investments coming from existing investors and Cedars Sinai, a California-based hospital system. The company also partnered with Cedars-Sinai to develop a virtual healthcare platform called Cedars-Sinai Connect, powered by K Health’s AI technology.
Additionally, K Health has entered into a know-how agreement with the Mayo Clinic to develop a clinical AI-enabled solution for cardiac care aimed at preventing premature deaths from stroke or heart disease. The company has licensed de-identified data from Mayo to refine its AI and create new algorithms to help physicians predict risk and treatment options based on factors such as medical history, race, age, and gender.