Notable raises $100M in funding led by ICONIQ Growth
Notable raised $100 million in its Series B round of funding led by ICONIQ Growth. The round also saw participation from Greylock, F-Prime Capital, and Oak HC/FT, among others.
Notable CEO Pranay Kapadia stated, “Healthcare faces a staffing crisis, and overwhelming administrative burden challenges providers’ ability to deliver high-quality, affordable care and world-class patient experiences.” He added, “This investment accelerates the execution of our vision to digitally transform and enrich patient-provider interactions with intelligent automation.”
The company provides AI-powered support to healthcare providers for internal need and patient communication. It also offers a virtual assistant service to patients for appointment scheduling, patient screening, and billing.
Notable claims it cuts more than 700 hours of repetitive tasks a year for every clinician thanks to its automation.
“Physicians today spend more time in front of their computer than in front of patients,” said Dr. S. Nicholas Desai, Chief Medical Information Officer at Houston Methodist, a Notable client. “By automating administrative tasks that clinicians are required to perform, Notable empowers us to practice at top of license and better serve patients in our communities.”
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