Oriothe platform that connects hospital teams with post-care providers for care collaboration, has won $11 million in Series B funding led by Fulcrum Equity Partners.
Mutual capital partners also participated in the round.
What it does
Olio’s care coordination platform allows hospital care teams, including doctors and administrators, to access patient information once they move into an acute environment.
The platform allows clinicians to set specialized care goals and leak data back and forth between providers and post-acute care settings.
The company will use its funds to expand its product offerings and speed up its plans to move to the market.
“At Olio, our mission is to change the way healthcare organizations coordinate care,” Olio CEO Ben Forest said in a statement.
“The ongoing investment from Fulcrum Equity Partners, coupled with support from mutual capital partners, is ensuring that we expand our impact and drive meaningful change across the industry.”
Market Snapshot
In 2019, Orio grew up Seed funds of $2.5 million. The company did not disclose individual investors. However, we have specified that Innovatemap Ventures is on the list of funders.
The company used the funds to expand its technology, expanding its entire US, expanding its engineering, marketing and customer success teams.
Other companies in long-term care space include Last year, Fujifam joined forces with Jundend Hospital in Japan to develop AI that uses hospital data to predict the risk of falls in outpatients.
2023, Andromeda Robotics has integrated Genai into robotics to develop empathic companion robots, transforming human-robot interactions by targeting elderly people and children in hospitals.
A prototype humanoid robot named ABI is designed to interact with senior residents in elderly care facilities.
Enabled by the Machine Vision and Chat GPT-4 AI Chatbot, ABI recognizes people, answers questions, and sets up conversations based on past interactions.
