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10 Biggest HealthTech Startups and Their Worth in the USA

The HealthTech industry in the United States has been a cradle of innovation, fostering a range of startups that are transforming healthcare through technology. These companies, with their groundbreaking approaches and significant funding, are not just altering the landscape of healthcare but also achieving impressive valuations. Here, we spotlight the 10 biggest HealthTech startups in the USA and their worth:

1. Akasa

Based in San Francisco, California, Akasa, founded by Andy Atwal, Benjamin Beadle-Ryby, Malinka Walaliyadde, and Varun Ganapathi in 2018, stands out in the HealthTech space. With a Series B funding of $85 million from prominent investors like Andreessen Horowitz and Costanoa Ventures, Akasa has reached an approximate valuation of $977.1 million as of February 2022. The company’s focus on intelligent automation technology is poised to revolutionize healthcare revenue cycles.

2. Path

Path, headquartered in Los Angeles, California, was established in 2018 by Josh Bruno. The startup, having raised $71.9 million in Series B funding from investors including Upfront Ventures and Wing Venture Capital, is nearing a $1 billion valuation. Path’s commitment to enhancing the personalization and efficiency of healthcare services marks it as a significant player in the sector.

3. Medallion

Another San Francisco-based innovator, Medallion, was founded by Derek Lo in 2020. Specializing in automating healthcare licensing and credentialing processes, the company has garnered $85 million in Series C funding from Spark Capital and Sequoia Capital, among others.

4. Circulo Health

Circulo Health, established in Columbus, Ohio by Sean Lane in 2020, has made notable strides with a $50 million Series A funding. Backed by investors like Drive Capital and General Catalyst, the company is reshaping healthcare for Medicaid populations using advanced technology.

5. Kinetik

Sufian Chowdhury’s Kinetik, based in New York City and founded in 2017, has raised $20 million in Seed funding. Though its investors remain undisclosed, the company’s focus on AI to enhance patient care and outcomes is setting new standards in the industry.

6. Paige

Paige, operating from New York and founded in 2018 by David Klimstra, Norman Selby, Peter Schüffler, and Thomas Fuchs, has raised a remarkable $220 million in Series C funding. With support from Goldman Sachs Merchant Banking Division and Johnson & Johnson, Paige is leveraging AI for improved cancer diagnosis and treatment.

7. PatientPop (Acquired by Tebra)

Founded by Luke Kervin and Travis Schneider in Santa Monica, California, in 2014, PatientPop has attracted $125 million in funding. The company, known for its comprehensive practice growth platform, was acquired by Tebra, signifying its substantial impact in the HealthTech sector.

8. Cityblock Health

Brooklyn, New York’s Cityblock Health, founded in 2017 by Bay Gross, Iyah Romm, Mat Balez, and Toyin Ajayi, has secured a notable $891.3 million in funding. Investors like Thrive Capital and Maverick Ventures back the company’s mission to transform healthcare for underserved urban populations.

9. Tempus

Chicago’s Tempus, founded by Eric Lefkofsky in 2015, stands out with a massive $1.3 billion in debt financing. The company, supported by New Enterprise Associates and T. Rowe Price, utilizes big data to tailor cancer treatments, marking a significant advancement in personalized medicine.

10. Calm

Finally, Calm, based in San Francisco and founded in 2012 by Alex Tew and Michael Acton Smith, has raised $218 million. With investors like Insight Partners and Elefund, Calm leads the mental wellness and meditation app space, reflecting the growing importance of mental health in the tech-driven healthcare industry.

In conclusion, these ten startups exemplify the dynamic and innovative spirit of the American HealthTech sector. Their substantial funding, impressive valuations, and groundbreaking approaches to healthcare challenges not only highlight their individual successes but also underscore the potential of technology to reshape healthcare delivery and management in profound ways.

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