Lumiata Closes $14M Series B To Predict Health Care Outcomes
Summary
The San Mateo, California-based company says it can take health care-specific datasets and make them ready for machine learning within weeks using a low- to no-code process that is cloud-based and integrates with existing systems. Once the data is analyzed using artificial intelligence, Lumiata says it’s able to identify underwriting risks and insights into cost reduction to make reliable predictions on health outcomes. Lumiata will use the funding to scale its AI platform and ramp up business beyond its current use cases, as well as invest in sales and marketing, and customer success. The company also plans to open a new office in Guadalajara, Mexico, this year, to join its operations in San Mateo and Dallas, Syed said. “In terms of management, Dilawar is a real pro: He has the background and knows how to identify the right folks and put them in the right positions,” Downs said.
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