Tuesday, February 14, 2023

MDI Health Gets $20M For AI Powered Medication Management

A new, Los Angeles startup, MDI Health, announced this morning that it has raised $20M in a Series A funding round, which will go towards the company's artificial intelligence-powered platform for optimizing medication management. The company said the funding was led by Intel Capital, and also included Maverick Ventures Israel and existing investors Hanaco Ventures, Welltech Ventures, Arc Impact, Basad Ventures, Fresh.Fund, Jumpspeed Ventures and former SVP of Optum Richard Montwill. The company said its platform is aimed at preventing adverse drug reactions, and "analyzes thousands of influencing factors to identify medication-related risks - and provides a recommendation to mitigate such risks". As part of the funding, Intel Capital's Yoni Greifman joins the company's board. The company has teams both in the US and Israel.

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