Artisight Raises $42 Million in Series B Funding Round as Demand for Virtual Care Platforms Increases

Artisight, a leading smart hospital platform, has announced that it successfully raised $42 million in a Series B funding round. The oversubscribed round saw the participation of multiple new strategic and client health system investors, as well as continued support from Series A investors, including AI powerhouse NVIDIA.

The Artisight platform, which combines IoT sensors with artificial intelligence, is designed to streamline patient care and improve outcomes. It offers a range of capabilities, including computer vision, voice recognition, vital sign monitoring, and indoor positioning. Through the integration of these technologies, clinicians are able to reduce documentation and coordination burdens, allowing them to spend more time on direct patient care and ultimately enhancing patient satisfaction.

The success of Artisight’s approach has been demonstrated by its growing client base, which consists of over 100 hospitals. The platform has already delivered measurable results, such as a 52% reduction in nursing overtime, an 89% reduction in falls, a 76% reduction in nursing turnover, and record-high nursing and patient satisfaction scores for Northwestern Medicine, one of Artisight’s clients.

The funding raised in the Series B round will allow Artisight to further expand its capabilities and double its headcount to meet the increasing demand for its platform. As the only true ambient intelligence platform with solutions deployed in clinics, patient rooms, and operating rooms, Artisight is poised to lead the AI-enabled clinical transformation in the healthcare industry.

Andrew Gostine, co-founder and CEO of Artisight, expressed his gratitude to the healthcare professionals who have embraced the platform and contributed to its success. He also emphasized the company’s commitment to continuous improvement and the potential of ambient intelligence in revolutionizing healthcare.

With the demand for virtual care platforms on the rise, the future looks promising for Artisight as it continues to deliver innovative solutions that address the staffing, satisfaction, and financial challenges faced by the healthcare industry.

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