Exclusive: XCures Lands $46M Series B To Clean Up Messy Medical Records With AI
XCures, a startup that uses AI to streamline patient data and medical records, has closed a Innovius Capital-led $46 million Series B financing round, it tells Crunchbase News exclusively. Mary Ann Azevedo XCures , a startup that uses AI to streamline patient data and medical records, has closed a $46 million Series B financing round, it tells Crunchbase News exclusively. Innovius Capital led the financing, which included participation from iGrow , Spring Mountain Capital and existing backers.
Key Takeaways
- The raise brings the company's total funding to more than $76 million since its 2018 inception and values it at $127 million post-money.
That's more than double the valuation of its previous funding round - a $25 million Series A that closed in December 2023.
- This year's total is already nearly as much as the $8.
- But the even harder thing was to get our hands on the data and information about the patient that we needed in order to give them the advice in the first place.
" At the time, patient records were arriving at the company in FedEx boxes and over fax machines.
- "There's lots of narrative information, and we turn it all into something that basically is clinical intelligence or the clinical clarity an organization needs to make its next decisions.
" Creating a 'clinical clarity engine' Patient information remains scattered across thousands of labs, hospitals, imaging centers and electronic medical records, often arriving as unstructured documents that are difficult to use in clinical workflows.
- " The xCures Clinical Clarity Engine, he said, solves this by integrating capabilities to generate decision-ready checklists from automated patient histories, backed by evidence-grade data.
Stats & Key Facts
- #XCures, a startup that uses AI to streamline patient data and medical records, has closed a Innovius Capital-led $46 million Series B financing round, it tells Crunchbase News exclusively.
- #XCures, a startup that uses AI to streamline patient data and medical records, has closed a Innovius Capital-led $46 million Series B financing round, it tells Crunchbase News exclusively.
- #Mary Ann Azevedo XCures , a startup that uses AI to streamline patient data and medical records, has closed a $46 million Series B financing round, it tells Crunchbase News exclusively.
- #The raise brings the company's total funding to more than $76 million since its 2018 inception and values it at $127 million post-money.
The raise brings the company's total funding to more than $76 million since its 2018 inception and values it at $127 million post-money. That's more than double the valuation of its previous funding round - a $25 million Series A that closed in December 2023. "Healthcare has spent decades generating enormous amounts of patient data without a reliable way to make that information usable," said xCures CEO Mika Newton in an exclusive interview with Crunchbase News.
" Venture investment in healthcare and biotech companies that have an AI bent has been on an upward trajectory in recent years. As of June 22, investors have put an estimated $8. 5 billion into seed- to growth-stage funding for companies in AI-powered health tech categories, according to Crunchbase data.
In 2025, funding to the sector across all stages totaled $15. This year's total is already nearly as much as the $8. 6 billion raised in the category in all of 2024.
For more details please read the original article at Crunchbase News.
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