K Health raises $25M for AI-powered health app
K Health, a New York-based health technology company, raised $25 million during a Series B funding round for its AI-powered health app that checks symptoms and provides information about a user’s health, according to information available on Crunchbase. The services currently focus on primary care.
The funding round was led by 14W, Comcast Ventures and Mangrove Capital. Earlier this year, the company raised $12.5 million for the platform during a venture funding round.
K Health’s AI-powered platform asks users a series of questions about their symptoms and medical history. The platform then compares that information—using a dataset featuring more than 2 billion historical health events over the past 20 years—to data from other people with matching symptoms.
The hope is that the platform will provide more thorough and accurate diagnostic information for users and challenge existing resources like WebMD or other internet sources that app co-founder Allon Bloch has dubbed "Dr. Google," according to a TechCrunch report.
“K Health believes that by providing an accurate alternative for those with lighter or more trivial symptoms, it can help lower unnecessary in-person visits, reduce costs for practices and allow physicians to focus on complicated, rare or resource-intensive cases, where their expertise can be most useful and where brute machine processing power is less valuable,” Bach told TechCrunch.
About 500,000 people have downloaded the app in the United States, and K Health has about 15,000 to 20,000 average daily users, according to a report by Crain’s New York. The app is free for users and had about 168,600 downloads during the last 30 days.
Danielle covers Clinical Innovation & Technology as a senior news writer for TriMed Media. Previously, she worked as a news reporter in northeast Missouri and earned a journalism degree from the University of Illinois at Urbana-Champaign. She's also a huge fan of the Chicago Cubs, Bears and Bulls.