Regard secures $61M to research LLMs, expand clinical insights platform

Regard secures $61M to research LLMs expand clinical insights platform
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Los Angeles-based clinical decision software company Regard announced it closed a $61 million Series B round led by Oak HC/FT.

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Cedars-Sinai Health Ventures and existing investors Calibrate Ventures, Techstars and TenOneTen Ventures participated in the round. 

WHAT IT DOES

Regard offers a clinical support tool that utilizes AI to evaluate patient history, generate clinical decisions and documentation and facilitate clinician-to-clinician communications. Its tool can be integrated into a provider’s EHR and it partners with companies like Epic and Cerner

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The funds will be used to advance the company’s AI-powered clinical insights platform, scale its reach in healthcare, and invest in research on LLMs. 

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“Regard is augmenting patient care by analyzing overwhelming mountains of clinical data and providing clinicians with potential diagnoses and treatment recommendations, impacting the quality and safety of care in real-time,” Eli Ben-Joseph, CEO of Regard, said in a statement. “That’s a game-changer – not just for doctors, but for the people whose lives are in their hands.”

MARKET SNAPSHOT

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Regard, formerly known as HealthTensor, raised $5 million in seed funding when it launched in 2021 and secured $15.3 million in a Series A funding round a year later. 

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Last year, the company announced it would work with OpenAI to release new product functionalities and a chatbot dubbed Max built on GPT-4.

The company said the product would be able to search through patient data for clinicians to save time, emulate the role of a medical resident by automatically draft portions of a clinical note based on patient data and check documents against clinical guidelines for accurate auditing. 

Earlier this year, Regard announced an expanded partnership with Phoenix-based healthcare provider Banner Health to bring its clinical support decision-making tool to clinicians across Banner Health hospitals.   

 

The HIMSS AI in Healthcare Forum is scheduled to take place September 5-6 in Boston. Learn more and register.

 



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