Qventus raised $30M investment from Bessemer Venture Partners

May 15, 2018  Source: Ddu 133

Mountain View, California startup - Qventus a healthcare management tech platform which uses artificial intelligence to improve hospital workflow, closed at $30 million in series B funding which will be used to expand its platform. The funding was led by Bessemer Venture Partners along with few other participants. Including this latest funding, Qventus bagged total $43 million.

 “Hospitals currently lack tools to use data to achieve operational productivity gains, Qventus is the first to effectively use AI/[machine learning] to solve this real operational need in hospitals with clear ROI. We believe Qventus will turn healthcare data into insights, and turning these insights into action.” Stephen Kraus, a partner at Bessemer Venture who will be joining Qventus’ board, said in a statement.

Qventus technology is aiming to reduce operational traffic and issues in several areas of the hospital. Its AI-based software will predict issues and provide instant logistical recommendations to health teams.

"This funding will help us to expand our skills to enable decisions across the enterprise and continue to deliver on positive results for our innovative customers and their patients.” Qventus CEO and cofounder Mudit Garg said in a statement.

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