Lumiata raises $11 mln from Khosla, BlueCross BlueShield, Sandbox, Intel Capital, others
Summary
In just a matter of weeks, he has led the company in securing this new round of funding and is firmly at the helm as Lumiata accelerates development of a new suite of predictive analytics products to support payers and risk-bearing entities.”“Lumiata has jumped out of the gate with building strong predictive models that have the power to radically disrupt and improve how insurers operate,” said John Banta, executive director, BlueCross BlueShield Venture Partners.At the intersection of clinical knowledge, data science and deep learning, Lumiata works with major U.S. health plans and providers to manage costs and prioritize care.The firm was founded in 2004 by Vinod Khosla, co-founder of Sun Microsystems, and focuses on transformative technology in consumer, enterprise, education, financial services, health, big data, agriculture/food, sustainable energy and robotics.Intel Capital invests in innovative startups targeting artificial intelligence, autonomous vehicles, workload accelerators, 5G connectivity, virtual reality and a wide range of other disruptive technologies.