SPI Generative AI: Investment of $61m for Vendor Held in High Regard

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