Avelios Secures $31M Healthcare Funding
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Avelios nabs $31M led by Sequoia to fix the ailing world of healthcare IT | TechCrunch
79% Informative
Avelios is building a new kind of end-to-end healthcare software to replace legacy hospital systems that may not have been updated in decades .
Sequoia is leading the Series A, with participation also from the investors from the startup’s seed round.
The startup is not disclosing valuation, but the round is coming on the heels of a $31 million round of funding.
SAP has been on the route transitioning its $30 billion ERP business to a cloud services architecture.
More than 1,000 hospitals using SAP ’s legacy systems will thus need to change providers when upgrading.
The second is the big push for AI , and healthcare is not just being pushed lots of AI solutions but also asking for them.
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