K Health, a virtual primary care provider, has recently raised $50 million in an equity funding round. The funding was led by Claure Group, with participation from Pablo Legorreta and existing investors Valor Equity Partners, Mangrove Capital Partners, and Atreides Management LP.
The company offers AI-enabled virtual care services such as primary care, urgent care, mental health, and medical weight management. Its AI-powered platform streamlines the provider experience by allowing patients to undergo assessments via an AI chat. The information gathered is then combined with relevant EMRs to provide providers with a personalized medical chart with insights.
With the recent funding, K Health aims to expand its reach within healthcare systems and further develop its AI innovations. Marcelo Claure, founder and CEO of Claure Group, praised K Health for successfully using AI to impact millions of lives by providing accessibility to faster, higher-quality, and lower-cost care on a large scale.
In 2023, the company raised $59 million in a down round, with investment coming from existing investors and California-based hospital system Cedars Sinai. Additionally, the company has entered into a know-how agreement with the Mayo Clinic to develop a clinical AI-enabled solution for cardiac care. Using de-identified data from Mayo to refine its AI and create new algorithms to aid in predicting risk and treatment options.
