Parakeet Health, a San Francisco, CA-based generative AI company focused on improving patient engagement, has secured $3 million in seed funding.
The company also announced the launch of its AI voice platform, designed to transform how healthcare providers handle patient communication.
Investors
The funding round was led by Canvas Ventures, with participation from CoFound Partners, StoryHouse Ventures, and individual investors, including former One Medical CEO Tom Lee and former Twitter CTO Adam Messinger.
Canvas Ventures is an early-growth fund that focuses on AI applications that are transforming sectors like digital health and fintech. The firm specializes in companies at the inflection point of growth, leveraging its go-to-market expertise to help Series A and B companies scale. Founded in 2013, Canvas is based in Portola Valley, California.
Parakeet Health Use of Funds
The company plans to use the funds to expand its team and further develop its technology as it targets large medical practices and Medicare Advantage providers.
About Parakeet Health
Parakeet Health is a healthcare AI company that develops AI-powered voice agents to transform patient engagement, reduce administrative burdens, and drive higher revenue for providers. The platform automates administrative tasks such as appointment scheduling, billing, and patient outreach, with AI voice agents available 24/7 in multiple languages. These agents handle inbound and outbound communications, including phone calls and texts. Early adopters of the platform include virtual care providers like Galileo and Genome Medical.
Funding Details
Company: Parakeet Health, Inc.
Raised: $3.0M
Round: Seed Round
Funding Date: October 2024
Lead Investor: Canvas Ventures
Additional Investors: CoFound Partners, StoryHouse Ventures, Tom Lee, Adam Messinger
Company Website: https://www.parakeethealth.com/
Software Category: AI Patient Engagement
Source: https://www.prnewswire.com/news-releases/parakeet-health-launches-with-generative-ai-voice-platform-to-transform-patient-engagement-for-healthcare-providers-302275698.html