Ferrum Health Raises $16M in Series A Funding to Expand AI Health Platform
Ferrum Health is focused on deploying AI solutions into health systems to improve patient outcomes while maintaining data security.
Company Name: Ferrum Health
Location: San Francisco, CA
Sector: AI, Healthcare
Funding Details: Raised $16M in Series A funding, bringing the total amount to $31M. The round was led by Foundry, with participation from Catalyst by Wellstar, Headwaters Ventures, and UnitedHealthcare Accelerator. Additional investors included Blumberg Capital, Cercano, GSR, Urban Innovation Fund, and Singtel Innov8.
Purpose of Investment: The funds will be used to expand operations and support the continued development of its AI healthcare platform.
Product and Innovation: Led by CEO Pelu Tran, Ferrum Health provides a vendor-neutral, AI deployment platform that enables clinicians to validate AI performance on local datasets and seamlessly integrate AI into their workflows, without protected health information (PHI) leaving the health system firewall. The platform features a growing library of AI algorithms across multiple healthcare areas, including oncology, cardiovascular, neurology, orthopedics, and more.
Recent Developments: As of 2024, the Ferrum Enterprise AI Platform has analyzed over 2.5 million patient records, helping healthcare systems improve patient outcomes by leveraging AI to enhance clinical decision-making.
About the Company: Ferrum Health is focused on deploying AI solutions into health systems to improve patient outcomes while maintaining data security. Its platform is designed to work with existing systems, allowing healthcare providers to adopt AI technology without compromising patient privacy.