AI-focused B2B healthtech startup Confido Health has closed its seed funding round, securing $3m in funding from new investor Together Fund. Other co-investors in this round are MedMountain Ventures, Rebellion VC, DeVC, Operators Studio, and selected operators in the health sector. The company had earlier sprung a pre-seed round that was headed by Momentum Capital.
Confido Health AI Technology for Healthcare
The money will be spent to develop Confido Health’s artificial intelligence software further and to add new fields of medicine like surgery, orthopedics, dentistry, and pediatrics.
Chetan Reddy and Vichar Shroff have jointly established Confido Health, which claims to be transforming the healthcare industry with artificial intelligence-based digital workers for appointment-making, insurance validation, and care coordination.
These AI workers can be nestled directly into existing healthcare systems in under five minutes without code. It is also providing set-up solutions for unified and integrated end-to-end tasks.
HIPAA Compliant and Cost Effective
It takes unstructured data from various systems, is HIPAA compliant, and enables the completion of actual real-time tasks. Confido’s AI has been trained using actual data and can engage with patients using different languages and perform multiple functions at once.
Meeting the Needs of an Emerging Market
Confido Health has more than 15 customers in over 50 branches to address about 50,000 patients monthly. The company’s visionary proposition is gradually progressing towards revolutionizing the efficiency of healthcare processes with automation through AI.
