King River Capital Announces Investment in Lark Technologies, High Growth Silicon Valley Venture; Completes Second Close of Fund Capital
Summary
Lark Technologies is the leading digital chronic disease prevention and management platform that uses AI-based coaching to deliver improved health outcomes at lower cost. In the US alone, the Centers for Disease Control and Prevention estimates that 90% of the nation’s $3.3 trillion in annual healthcare spending is for people with chronic medical and mental health conditions.1 Lark’s clinically validated, proprietary technology uses AI and clinical science to create personalized care interventions for its nearly two million users across its CDC Fully Recognized Diabetes Prevention (DPP), Wellness, Diabetes Care, and Hypertension programs. “ Lark is leading the transformation of the healthcare sector by deploying AI in innovative ways that create superior health outcomes and better economics for people and businesses. The firm aims to cultivate a diverse, energized ecosystem of entrepreneurs, operators, and partners that will build the world’s iconic companies and create a better future. Lark uses cutting edge AI combined with connected devices to provide real-time, personalized, 24/7 support and counselling to help users make healthier choices and manage their conditions.