AI-powered clinical Insights platform Regard has announced that it has received $61m in funding as part of a Series B financing round.
Why are we covering this topic
With funding the lifeblood of young vendors, a financing round highlights the ongoing appetite for exposure to the space
Regard boasts of $50m in incremental revenue for health system partners
Why it matters
Generative AI tools remain a potentially lucrative avenue of opportunity for clinical decision support vendors
AI can be the differentiator in funding rounds
Regard will use the funding to continue research into large language models, but what format that will take is unclear
Read the full insight with a Signify Premium Insights - AI in Healthcare subscription