Artificial Intelligence-driven Software Company that augments productivity and improves patient health in hospital emergency rooms, Vital has nabbed USD 5.2 million in a seed funding round to help grow its engineers and Data Scientist team. The fresh capital also utilizes to bring its secure, Cloud-based software to emergency rooms across the United States. The funding round was led by First Round Capital and Threshold Ventures, along with further participation from Bragiel Brothers, Meridian Street Capital, Refactor Capital, and SV Angel, with angel investment from Vivek Garipalli, CEO of CloverHealth; and Nat Turner and Zach Weinberg, founders of Flatiron Health. As part of the financing round, Founder and partner at First Round Capital, Josh Kopelman will join Vital’s board of directors.
With the success of Mint.com that transformed opaque and illegible bank data into an easy consumer product, Vital founder and CEO Aaron Patzer brings capital, confidence, and credibility to Vital. The company’s HIPAA compliant Cloud-based platform takes a seat on top of any existing Electronic Health Record system (EHR) using AI and NLP (Natural Language Processing) to triage patients before they see a doctor, making it easier and faster for caregiver to coordinate care and prioritize patients with a quick, consistent, and incredibly user-friendly system.
Vital founder and CEO Aaron Patzer said that the HITECH Act was well-intentioned, but now hospitals rely on outdated, slow, and inefficient software, and nowhere is it more painful than in the emergency room. He further added that Doctors and nurses often put more time into paperwork and data entry than patient care. Vital uses smart, easy tech to reverse that, cutting wait times in half, reducing provider burnout and saving hospitals millions of dollars.