KenSci Secures $22M Series B Funding to Enhance Care Quality for U.S. Health Systems

VCBeat (WeChat Official Account: vcbeat) has learned that healthcare AI platform KenSci recently completed a $22 million Series B financing round. The round was led by Polaris Partners, with participation from Ignition Partners, Osage University Partners, and Mindset Ventures. With this funding, KenSci is poised to deepen its integration with health systems, helping them leverage predictive data capabilities to address challenges in healthcare resource utilization and hospital operations, while expanding its product roadmap and global business. This financing brings KenSci’s total capital raised to $30.5 million.

KenSci was incubated by the Data Science Center at UW Tacoma, University of Washington, and leveraged cloud technologies for product design with support from Microsoft’s Azure4Research grant program. Headquartered in Seattle, with offices in Singapore and Hyderabad, KenSci closed an $8.5 million Series A financing round on January 25, 2017, led by Ignition Partners, with participation from Osage University Partners and Mindset Ventures. In 2018, KenSci was recognized as one of the top Microsoft Health innovators utilizing AI and ML (machine learning).

KenSci is an integrated machine learning platform for healthcare, offering a healthcare AI platform and predictive applications. The solution is applied in clinical workflows, cost management, and hospital operations. Its risk prediction platform is built on Azure ML and SQL, with insights delivered via Power BI. The risk prediction platform extracts data from diverse health sources—such as electronic medical records (EMRs), claims, billing, pharmacy, wearable devices, and psychosocial factors—to identify patterns that reduce costs and save lives. KenSci seamlessly integrates with health systems, helping care providers, financial officers, and actuaries manage patient costs and improve the overall quality of care within health systems.

Polaris Partners, founded in Boston, USA, in 1996, is a venture capital firm focused on early-stage startups and late-stage profitability. Its primary investment areas include big data, biotechnology, healthcare, medical devices, and SaaS. Polaris Partners comprises the LS Polaris Innovation Fund and the Polaris Growth Fund.

Ignition Partners, founded in Silicon Valley, USA, in 2000, is a venture capital firm primarily investing in early-stage startups in the software sector. The firm manages $2 billion in assets.

Osage University Partners, founded in 1905, is a venture capital firm focused on investing in startups that commercialize university technologies. The company primarily invests in software, hardware, and life sciences companies.

Mindset Ventures is an early-stage venture capital firm that primarily invests in companies based in the United States and Israel. Mindset Ventures tends to invest in B2B SaaS startups, with key investment sectors including agriculture, financial services, healthcare, cybersecurity, and education.

(Compiled by Zhang Yaping)