K Health Collabs with Mayo Clinic, Raises $42M from JayZ + SpaceX/Tesla, Valor Equity Partners

What You Should Know:

–  Today, K Health,
the data-driven digital primary care system with 4 million users (+ Anthem
partner), announced a first-of-its-kind collaboration with Mayo Clinic’s Clinic
Data Analytics Platform.

– In addition, K Health raised $42M Series D funding from investors like Valor Equity Partners who bring a wealth of artificial intelligence expertise (investors in Dataminr, SpaceX, Tesla), and Jay-Z’s fund Marcy Venture Partners.

K Health,
the data-driven digital primary care system, announces today it raised $42M in
Series D funding, led by Valor Equity Partners. Additional investors include
Marcy Venture Partners, Atreides Management, PICO Venture Partners as well as
existing investors 14W and Max Ventures. Valor Equity Partners’ Founder and CEO
Antonio Gracias, who sits on the boards of SpaceX and Tesla, will join K Health’s
board as an observer. 

To date, more than one million new people have turned to K
Health for their Primary Care and Mental Health needs since the onset of the
COVID-19 pandemic. K Health makes it possible for people to receive
comprehensive medical insights and immediate care from the comfort of their
homes. K Health is able to connect people to its fleet of certified doctors,
for both acute illnesses or chronic conditions, within minutes, at remarkably
affordable prices, regardless of insurance status.

Mayo Clinic Partnership Details

In addition the round of funding, K Health announced a
collaboration with Mayo
Clinic through the Mayo Clinic Platform. The joint work focuses on
improving and accelerating the deployment of virtual care models to improve
patient-centric care. This partnership includes providing clinical
decision support tools for Mayo Clinic patients and doctors and helping
patients receive autonomous care. This relationship advances the current K
acute model, but more substantially allows for the creation of numerous chronic
and continuous care model products.

The collaboration with Mayo Clinic aims to enhance clinical
decision support tools. Data insights from Mayo’s Clinical Data Analytics
Platform will validate K Health algorithms through a federated learning model
that facilitates machine learning without transferring data. The data insights
will boost “like me” cohort models, giving K’s datasets a vastly larger pool of
knowledge to incorporate. This relationship advances the current K acute model,
but more substantially, it allows for creating numerous chronic and continuous
care model products.

“Mayo’s powerful medical insights will allow us to continue to offer remote and intelligent primary and chronic care at a cost dramatically lower than what most can access today,” said Ran Shaul, Co-Founder and Chief Product Officer at K Health. “By collaborating with Mayo Clinic, one of the world’s most respected medical institutions, we are further improving our diagnostic accuracy and reach.”

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