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 expertise 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 information extra accessible and comprehensible. The corporate was launched in 2021 by Y Combinator beneath the steerage of Michael Seibel. Since its inception, Rejoy Well being has constantly enhanced the efficiency of its AI fashions, making important 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 intensive medical texts and analysis papers, to remain up to date on new healthcare traits. By constantly coaching its fashions on this knowledge, Rejoy Well being ensures that its AI supplies correct and present data. Moreover, the platform ranks knowledge based mostly on the trustworthiness of its sources, enhancing the reliability of the data supplied 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 most recent fashions from OpenAI’s ChatGPT. MedQA is a dataset particularly designed to evaluate the capabilities of question-answering methods within the medical area, specializing in questions just like these present in america Medical Licensing Examination (USMLE). This accomplishment highlights the distinctive reliability of Rejoy Well being’s expertise, guaranteeing that customers obtain exact and up-to-date healthcare data.
For example, a doctor may ask concerning the well being dangers related to GLP-1 receptor agonists like Ozempic and Mounjaro and obtain quick 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 instrument, medical doctors would wish to spend appreciable time looking out by quite a few papers and assets. As a substitute of sifting by data equal to a prolonged guide chapter, they’ll now get hold of solutions in simply 30 seconds, slightly than half-hour.
On common, Rejoy Well being’s expertise saves healthcare professionals 14 hours monthly. With a median hourly charge of $200 within the USA, this interprets into important value financial savings for clinics and healthcare methods. Rejoy Well being’s progressive options at the moment are utilized by over 10,000 healthcare professionals from prestigious establishments similar to Mayo Clinic, NewYork–Presbyterian Hospital, NYU Langone, and Stanford Medication. This widespread adoption highlights the platform’s important worth in enhancing healthcare supply and decision-making.
Recognizing its potential and traction, Rejoy Well being has attracted the eye of outstanding 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 can be used to rent AI engineers and increase clusters of GPUs to additional improve its AI fashions, aiming to make high quality and correct healthcare data accessible to everybody.
MEDIA CONTACT
Contact Individual: Martha Grubbs
Firm Identify: Rejoy Well being
Electronic mail: whats up@rejoyhealth.com
Deal with: 600 California St, San Francisco, CA 94108
Web site: https://www.rejoyhealth.com/
