LeanTaaS Secures $40 Million in Series C3 Funding from Goldman Sachs to Expand Its Cloud-Based iQueue Platform for Healthcare Operations

VCBeat (WeChat ID: vcbeat) has learned that Silicon Valley-based software innovation company LeanTaaS announced on December 12, 2019, local time, the completion of a $40 million C3 financing round. The company leverages predictive analytics and prescriptive analytics to help hospitals and healthcare systems improve accessibility and reduce costs. In addition to investment from Goldman Sachs, Insight Partners invested $61 million in the first three funding rounds beginning in November 2017, bringing LeanTaaS’s total fundraising over the past 24 months to $101 million.

Amid healthcare reforms, population aging, and the rising number of new cancer diagnoses each year, demand for medical services will continue to grow. Meanwhile, pressure from payers to improve efficiency means that providers cannot indefinitely increase capacity by building new facilities or hiring more staff. Instead, they will need to employ sophisticated optimization methods to align the growing demand for healthcare services with the operational constraints imposed by existing assets (personnel, rooms, and equipment).

LeanTaaS leverages lean principles, machine learning, and predictive analytics to digitally transform core operational processes, thereby increasing patient throughput, reducing wait times, improving staff satisfaction, lowering healthcare delivery costs, and enhancing operational performance. LeanTaaS’s cloud-based iQueue platform employs sophisticated optimization algorithms to match patient demand for high-cost medical resources—such as operating rooms, infusion chairs, outpatient clinics, imaging assets, and inpatient beds—with available supply, while accounting for hundreds of real-world operational constraints. These algorithms continuously learn by comparing projected versus actual operational performance, ensuring sustained impact over time.

LeanTaaS provides software solutions that combine lean principles, predictive analytics, and machine learning to transform the operations of hospitals and infusion centers. Approximately 80 healthcare systems across China rely on the company’s iQueue-based cloud solutions to increase patient access, reduce wait times, lower healthcare delivery costs, and boost revenue. LeanTaaS is headquartered in Santa Clara, California, and Charlotte, North Carolina.

Goldman Sachs Group, Inc., founded in 1869, is a leading global investment banking, securities, and investment management firm. The Merchant Banking Division (MBD) of Goldman Sachs serves as the primary hub for the firm’s long-term principal investing activities. MBD is one of the world’s leading private capital investors, with investments spanning private equity, infrastructure, private debt, growth equity, and real estate.

(Compiled by Ning Chen)