The fund raise will support HiLabs’ continued enhancement of the technology as well as recruitment of top-tier talent and expansion of its product teams.
Founded in 2014 by Amit Garg and Neel Butala, HiLabs has developed a platform called MCheck that ingests, cleans, and enriches critical healthcare information, resulting in significant reduction in healthcare organizations’ operational costs and improvement in patient outcomes.
HiLabs is headquartered in the US but has artificial intelligence and machine learning R&D hubs in Pune and Bangalore, employing over 150 people.
“As we embrace this next phase of growth, we’re thankful for the backing of healthcare-focused investors,” said Amit Garg, co-founder, and CEO of HiLabs.
“We stand poised to propel our AI-technology forward, empowering healthcare organizations to make swift, informed decisions based on data that’s not just clean, but readily available when it matters most,” Garg added.“Payers are increasingly looking for innovative technology solutions to make complex and disparate healthcare data actionable. The HiLabs team really impressed us with their vision, best in-class product suite and strong customer traction, which is testament to their product-market fit,” said Prem Pavoor, senior partner, head of India and Healthcare Investments at Eight Roads Ventures.
