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Regard's fund raising will help medical practitioners save time by providing access to patient medical history.
FREMONT, CA: "We first invested in Regard in 2020 because we clearly saw the immense promise of its AI-driven technology to empower doctors to practice more patient-centered medicine, while saving time," said Jason Schoettler, managing partner at Calibrate Ventures and Regard Board member. "Regard's real magic is in the team. Co-founders Eli, Nate and Thomas have deep exposure to the medical and data science fields and they've assembled an incredible team of physicians, engineers, and company-builders laser-focused on one end goal: building the best AI software to help doctors improve patient care."
Regard, a software firm developing an artificial intelligence (AI) co-pilot for doctors to help detect medical issues, officially confirmed it has raised $15.3 million in Series A funding. Regard was formerly known as HealthTensor. With the help of new investors Brook Byers of Byers Capital and Drew Houston, together with current investors TenOneTen Ventures and Susa Ventures, Calibrate Ventures and Foundry Group, led the funding. With the investment, the Regard team will be able to service additional clients, integrate systems quickly, and connect to more doctors and hospitals more quickly.
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The investment comes at a crucial time for the healthcare sector because this year, almost 50percent of doctors reported feeling wiped out. This problem was made worse by the COVID-19 pandemic, which resulted in the departure of 20percent of the clinical staff between 2020 and 2021. Regard will use its medical co-pilot to assist in resolving this issue.
"This round of funding underscores Regard's mission to create technology that enriches and advances healthcare," said Eli Ben-Joseph, co-founder and CEO of Regard. "Healthcare technology today often makes a physician's job harder, not easier and takes time away from patient care. We created Regard as a solution to enhance physicians' workflows and enable them to focus on what matters most—providing the best available care and improving health outcomes. It's exciting to know we've created a software doctors actually love using and look forward to continuing this growth."
Mark Laret, Regard's newest Board member and former CEO of UCSF Health says, "Regard addresses two critically important issues in healthcare: it improves the accuracy of clinical documentation, while simultaneously reducing the workload of physicians. I expect this software will become ubiquitous within the healthcare system because providers and hospitals both want and need it."
Regard will allow medical practitioners to access patient medical information through the same interface saving enormous time.
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