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Pharos raised $5 million in a seed round led by Felicis to grow its engineering team and enhance clinical quality reporting automation for hospitals.

Oct 25, 2024•9 months ago

Amount Raised

$5 Million

Round Type

seed

San FranciscoHealth DiagnosticsMachine LearningMedicalArtificial IntelligenceBiotechnologyHealth CareSoftware

Investors

Y CombinatorMoxxieGeneral CatalystFelicis

Description

Pharos announced the completion of a $5 million seed funding round led by Felicis, with participation from General Catalyst, Moxxie, and Y Combinator. The funding will support the expansion of their engineering team, allowing for automated reporting to new clinical quality registries.

Company Information

Company

Pharos

Location

San Francisco, California, United States

About

Pharos automates hospital quality reporting and helps staff identify the root causes of avoidable harm. Their AI automates chart abstraction for quality registries and process adherence measures, reducing staff burden and providing data instantly, rather than weeks after discharge. You can't improve what you can't measure. Pharos enables quality teams to see where and why safety issues are happening in real time, enabling them to take action on issues like sepsis mortality, hospital acquired infections and pressure ulcers. Pharos is a mission-driven team of clinicians and AI researchers from Meta, J.P. Morgan and Orion Health. They recently raised $5m in funding from Felicis, General Catalyst, Moxxie and Y Combinator to enable hospital quality teams with AI.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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