Caregility Corporation, a leader in enterprise telehealth, is dedicated to connecting patients and clinicians everywhere through its cutting-edge virtual care and AI-powered solutions. The company recently announced that it has successfully raised an additional $25.1 million through its Series A-2 Preferred Stock and Series C funding rounds. This significant investment round was spearheaded by Star Mountain Capital, with additional contributions from a diverse group of participants, including management, Dr. York Wang, PhD, the initial founders, and high-net-worth investors with a particular focus on the healthcare sector. This latest funding brings the total external investment in Caregility to $92 million.
The newly acquired capital is strategically earmarked to accelerate Caregility’s ambitious growth initiatives. A primary focus will be on solidifying its leadership in the development and deployment of artificial intelligence solutions, which include advancements in computer vision, ambient listening technologies, and sophisticated sensor-based solutions. These innovations are designed to fundamentally improve clinical workflows, thereby significantly reducing the burden on healthcare staff and ultimately enhancing the overall quality of patient care. Caregility’s commitment to these areas underscores its dedication to pushing the boundaries of what is possible in virtual healthcare.
Caregility has firmly established itself as one of the world’s most widely adopted telehealth platforms for enterprises. Its extensive reach is evident with more than 30,000 connected devices actively in use and over 6 million virtual sessions conducted annually. The platform is currently deployed across 1,500 hospitals and serves more than 75 health systems, showcasing its widespread acceptance and utility within the healthcare industry. The company’s modular platform is highly versatile, supporting a comprehensive array of solutions that span critical areas, including virtual nursing, e-sitting, hospital-at-home programs, specialized consultations, and telehealth applications within operating rooms, among many others. Caregility is widely recognized for its exceptional reliability and remarkable flexibility, making it a trusted partner for healthcare providers.
Notably, Caregility stands as the only organization in this specialized space that is truly serving customers on a global scale, with successful deployments in diverse international markets, including the Asia-Pacific region, the Gulf Region, the Middle East, and Canada, in addition to its robust presence across the United States. This global footprint underscores Caregility’s ability to tailor its innovative solutions to meet the diverse needs of healthcare systems worldwide.
KEY QUOTES:
“Caregility is setting the standard for innovation in hospital-based virtual care, with groundbreaking capabilities such as edge-based Computer Vision AI and audio sensing room duress detection. Caregility has expanded these advancements globally, and their platform is uniquely positioned to redefine how hospitals deliver safe, efficient, and high-quality care.”
Dr. David Shulkin, M.D., Independent Board Member of Caregility
“This strategic investment strengthens our ability to accelerate innovation and scale more aggressively in the marketplace. With this capital, we can advance AI-driven solutions that meaningfully reduce clinician burden, improve patient outcomes, and deliver measurable and tangible value of the connected care programs deployed by our hospital partners.”
Tod A. Nestor, Chief Financial Officer of Caregility
“Caregility is at a pivotal moment in its growth. We’ve built a trusted foundation with many of the world’s leading hospitals and health systems, and this funding empowers us to accelerate the next wave of innovation that will shape the future of smart hospitals and connected care.”
Ron Gaboury, Chief Executive Officer of Caregility
