- Care navigation company GYANT announced that it has raised $13.6 million in a Series A round of funding led by Wing Venture Capital
Care navigation company GYANT announced that it has raised $13.6 million in a Series A round of funding led by Wing Venture Capital. And Wing VC was joined by Intermountain Ventures and existing investors Grazia Equity, Alpana Ventures, Techstars Ventures, and Plug and Play Ventures.
The demand for GYANT’s AI-enabled Front Door solution surged this year and was further accelerated by COVID-19. The pandemic forced rapid, widespread adoption of digital access. And the digital health market is valued at over $106 billion and expected to grow significantly as providers innovate to meet the demands of healthcare consumerization. GYANT’s funding follows a period of remarkable growth, having expanded from 3 customers in July 2019 to 24 customers in July 2020.
And this round of funding will enable GYANT to continue providing best in class support and services for its fast-growing and high-profile customer base, including Intermountain Healthcare and Geisinger. Plus GYANT will advance technology and interoperability to deliver the most user-friendly and personalized digital care navigation assistant on the market.
Patient expectations for a seamless healthcare experience continue to grow. And as a result, health systems face an increasing need for digital health tools that improve patient experiences while optimizing workflow and reducing costs. Plus GYANT’s technology keeps health systems ahead of these demands while lowering operational costs.
KEY QUOTES:
“We are thrilled by the support of ambitious, successful investors who see the disruptive potential of AI in healthcare. The need for digital access and care navigation has never been greater, especially with healthcare inequities and disparities in the spotlight today. This is the time for GYANT to continue growing and realize our vision of personalized patient experiences with digital navigation to the right, best possible care.”
— Stefan Behrens, co-founder and chief executive officer, GYANT
“Healthcare is primed to benefit from cutting-edge digital health technology. GYANT rises to the challenge, delivering a platform that bends cost curves for health systems while improving provider and patient experiences. The phenomenal utilization and impact GYANT had in automating healthcare interactions during the pandemic speaks to the effectiveness of its platform and the multi-disciplinary team’s strength.”
— Gaurav Garg, founding partner, Wing VC
“Intermountain Healthcare partnered with GYANT for screening and care navigation in the height of COVID-19 – and the results speak for themselves. Using GYANT led to a 30 percent decrease in call center volume, alleviating hospital capacity constraints and improving patient engagement. Our first-hand experience with GYANT and the value its market leading care navigation solution delivers drove our decision to invest.”
— Mike Phillips, MD, managing director and partner, Intermountain Ventures
