Clinical automation company Notable lands $100M

This morning voice-powered doctor’s assistant Notable announced a whopping $100 million Series B funding round. ICONIQ Growth led the round with participation from Greylock, F-Prime Capital and Oak HC/FT. 

This news comes nearly three years after the company announced its $13.5 billion Series A round to help further develop its wearable AI assistant. 

WHAT IT DOES

The San Mateo, Calif.-based startup is focused on using automation to help with clinical administration and workflows. Specifically, the company’s system is able to help health systems automate patient interactions, this includes scheduling, registration and payment collection. 

The team developed AI tools that are able to help doctors navigate through their EHRs, organize documents, and extract and process data, including images, faxes and other EHRs. The tool also includes natural language processing capabilities, which let doctors interact with EHR data using vocal or text commands. 

WHAT IT’S FOR 

The startup plans to use the new cash to help build out its platform to more providers and boost its capabilities. 

“We are delighted to partner with Notable to accelerate their vision for a future where every healthcare organization can deliver the highest quality personalized care most efficiently,” Caroline Xie, general partner at ICONIQ Growth, said in a statement.

“With its intelligent automation platform, Notable is empowering providers and modernizing patient experiences while reducing the administrative burden and cost of care.”

THE LARGER TREND 

This isn’t the only company focusing on workflow automation. Robin Healthcare developed an AI-enabled workflow management tool aimed at helping doctors cut down on the paperwork. 

Suki is another player in this sector. In 2020, the company, which developed an AI-powered natural language processing system that helps doctors reduce their paperwork, landed $20 million in funding.