This year, AI has taken over healthcare investments.
A third of all healthcare funding went to startups leveraging AI in the first half of 2024, according to Rock Health.
That number could increase as healthcare founders in need of fresh cash see the writing on the wall and build out new AI strategies.
That's why this year Business Insider's list of the most promising startups in healthcare is focusing on healthcare startups using AI to supercharge their businesses and bring better care to patients.
We asked investors at top VC firms such as Khosla Ventures, Lux Capital, and Insight Partners to name startups leveraging AI to improve healthcare.
Each VC named one startup in their portfolio and one startup they hadn't invested in.
They picked healthcare startups using AI to tackle a wide range of issues, from mental healthcare access to cardiovascular care management.
Here are their picks for the most promising healthcare AI startups of 2024.
The following excerpt was taken from a broader article that appeared on Business Insider, titled: These are the 22 most promising healthcare AI startups of 2024, according to top VCs. Below is an excerpt from that article that highlights the amazing work being done by SEMCAP Health portfolio company, NeuroFlow.
NeuroFlow
Startup: NeuroFlow
Recommended by: Mark Goldstein, Builders VC
Relationship: Investor
Total funding: $57 million
What it does: NeuroFlow creates behavioral health solutions to help healthcare organizations better track and support patients in between appointments.
Why it's on the list: NeuroFlow provides an app for patients to track their mental health alongside backend tools that alert clinicians to potential risks in their patient populations. The startup published a study in February of its AI tech that uses natural language processing of patients' journal entries in its app to detect suicidal ideation and help providers intervene earlier.
Goldstein said NeuroFlow has been picking up steam and has now graduated to become an active acquirer in behavioral health. The company most recently bought measurement-based care company Owl in June.
"I think any of the companies that are going to be successful in mental and behavioral health have to be this way," Goldstein said. "You can't possibly build all of this yourself."
The above excerpt was originally published on BusinessInsider.com: Most Promising Healthcare AI Startups of 2024, According to VCs - Business Insider
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