Qventus, a Silicon Valley-based leader in artificial intelligence for healthcare operations, has raised $105 million in a funding round that values the company at over $400 million. The funding round was led by Bessemer Venture Partners and New Enterprise Associates, with continued support from existing investors such as Norwest Venture Partners and Mayfield Fund.
The company specializes in using AI to optimize hospital workflows, including patient flow management, scheduling, and resource allocation. Its platform provides real-time recommendations, enabling hospitals to reduce inefficiencies and improve patient care outcomes. CEO and co-founder Mudit Garg described the funding as a crucial step in scaling the company’s impact. “This investment enables us to expand our reach and help more healthcare systems operate at their best,” Garg said.
This new funding comes as AI adoption in healthcare continues to accelerate. A recent report from CB Insights noted that global investment in AI-powered healthcare solutions reached a record $16 billion in 2024, driven by the need for scalable technology to manage operational challenges in hospitals.
Qventus has already partnered with major healthcare institutions across the United States, where its platform has shown measurable success. The company has been credited with reducing patient wait times, improving surgical scheduling, and increasing bed availability, addressing some of the most persistent bottlenecks in hospital operations.
With the new capital, Qventus plans to refine its AI technology further and extend its partnerships to rural and community hospitals, ensuring that healthcare providers of all sizes can benefit from advanced solutions. The company is also expected to launch new features tailored to the evolving demands of the healthcare industry.
The funding round underscores growing confidence in the potential of AI to transform healthcare operations, with Qventus positioned as a leader in the field. As Mudit Garg remarked, “By combining cutting-edge technology with real-world insights, we’re helping healthcare providers focus on what matters most: delivering exceptional patient care.”
References
- TechCrunch: Qventus Secures $105 Million in Funding
- CB Insights: AI in Healthcare Report 2024
- Forbes: How Qventus is Shaping AI-Driven Hospital Operations
