New York-based health technology startup Clarium has secured $10.5 million in a strategic seed financing round to transform hospital supply chain operations with innovative AI-powered technology solutions.
Founded in 2020 by Steve Liou, the company has developed an AI-powered platform to help healthcare organizations automate their supply chain. The platform collects existing data, and filters them for error, noise, and outliers to help predict demand and automate supplies, as well as staffing.
This enables healthcare organizations and hospitals to avoid stockouts and shortages, lower supplier lead times, and help organizations identify alternative products.
Clarium’s latest funding round was spearheaded by General Catalyst, with significant contributions from Texas Medical Center Venture Fund, Kaiser Permanente Ventures, Yale New Haven Health, and continued support from existing investors.
Supply Automation Solution for Healthcare
Clarium’s Astra OS platform seeks to solve long-standing supply chain management challenges such as data fragmentation, workforce strain, and inventory inefficiencies that have significantly impacted operational efficiency across healthcare organizations, resulting in more than $25 in overspending yearly.
The platform helps healthcare organizations automate their supply chains and optimize their operations, leading to productivity improvement and millions in saved costs. The platform also enhances collaboration, visibility, and resilience by compounding data from multiple departments and teams.
Astra OS features a suite of workflow automation applications, including a Disruption Monitor for tracking supply chain disruptions, a Substitute Manager for substitute approval process automation, and a Card Optimizer for streamlined procedure card management.
