Rejoy Well being secures $125 million funding to boost AI healthcare options and obtain a $125 million valuation.
San Francisco, CA – Rejoy Well being has secured funding at a valuation of $125 million to advance its AI know-how for healthcare functions. Based by former Fb and Microsoft engineers Rituraj and Ritu Ranjna, Rejoy Well being is devoted to constructing AI to make medical data extra accessible and comprehensible. The corporate was launched in 2021 by means of Y Combinator underneath the steerage of Michael Seibel. Since its inception, Rejoy Well being has constantly enhanced the efficiency of its AI fashions, making vital strides within the healthcare sector.
Rejoy Well being has developed its personal superior massive language fashions (LLMs) particularly for healthcare functions. These methods repeatedly scan current analysis and on-line datasets, together with in depth medical texts and analysis papers, to remain up to date on new healthcare traits. By constantly coaching its fashions on this information, Rejoy Well being ensures that its AI gives correct and present info. Moreover, the platform ranks information based mostly on the trustworthiness of its sources, enhancing the reliability of the data offered to customers.
Rejoy Well being’s massive language fashions (LLMs) have achieved excellent accuracy on the MedQA (USMLE) benchmark, even outperforming Med-PaLM 2, a extremely esteemed mannequin from Google and the newest fashions from OpenAI’s ChatGPT. MedQA is a dataset particularly designed to evaluate the capabilities of question-answering methods within the medical discipline, specializing in questions just like these present in america Medical Licensing Examination (USMLE). This accomplishment highlights the distinctive reliability of Rejoy Well being’s know-how, guaranteeing that customers obtain exact and up-to-date healthcare info.
As an illustration, a doctor may ask concerning the well being dangers related to GLP-1 receptor agonists like Ozempic and Mounjaro and obtain instant solutions. This functionality permits healthcare professionals to tailor their inquiries to particular affected person eventualities and ask follow-up questions as wanted. With out this device, docs would wish to spend appreciable time looking by means of quite a few papers and assets. As a substitute of sifting by means of info equal to a prolonged ebook chapter, they will now receive solutions in simply 30 seconds, relatively than half-hour.
On common, Rejoy Well being’s know-how saves healthcare professionals 14 hours per 30 days. With a mean hourly fee of $200 within the USA, this interprets into vital value financial savings for clinics and healthcare methods. Rejoy Well being’s modern options at the moment are utilized by over 10,000 healthcare professionals from prestigious establishments equivalent to Mayo Clinic, NewYork–Presbyterian Hospital, NYU Langone, and Stanford Drugs. This widespread adoption highlights the platform’s vital worth in enhancing healthcare supply and decision-making.
Recognizing its potential and traction, Rejoy Well being has attracted the eye of distinguished traders, together with Y Combinator, Google, and the Harvard College endowment fund, which manages $54 billion. Moreover, undisclosed pharmaceutical and medical health insurance corporations have proven curiosity. Not too long ago, Rejoy Well being raised funding at a valuation of $125 million. This funding will probably be used to rent AI engineers and broaden clusters of GPUs to additional improve its AI fashions, aiming to make high quality and correct healthcare info accessible to everybody.
MEDIA CONTACT
Contact Individual: Martha Grubbs
Firm Identify: Rejoy Well being
E-mail: hiya@rejoyhealth.com
Tackle: 600 California St, San Francisco, CA 94108
Web site: https://www.rejoyhealth.com/
