Buoy Health, which provides an artificial intelligence (AI)-based health care navigation platform gained investments totaling $37.5 million in Series C financing from insurers Cigna Ventures, Humana, and Optum Ventures. Other participants were WR Hambrecht + Co, and Trustbridge Partners. Buoy Health intends to use the new funding to bolster its AI and other technologies to advance its clinical and insurance-based navigation capabilities.
Buoy was founded in 2014. It provides a free digital health online tool that helps people determine a real-time, accurate diagnosis of their symptoms. Powered by advanced machine learning and proprietary granular data, the AI interface creates an exchange that resembles a conversation a consumer would have with a physician. The goal is to help consumers researching symptoms online identify health care options for treating their conditions. To date, the online tool has been used by nearly nine million individuals.
The company also offers Back With Care, an employer platform that provides health resource navigation, risk assessment and personalized guidance for the transition back into the workplace for employers and employees across the country. The platform assesses the risk of contracting coronavirus disease 2019 (COVID-19) in connection with returning to physical office work spaces.
This was reported by Buoy Health on November 10, 2020.
Contact information: Finley Hines, Director of Communications, Buoy Health, 580 Harrison Ave, Suite 1W, Boston, MA 02118; 757-724-3232; Email: firstname.lastname@example.org; Website: https://www.buoyhealth.com/