Clarium, a market-leading AI-powered healthcare supply chain resiliency platform, announced a $27 million Series A funding round from Northzone. Existing investors, including General Catalyst, AlleyCorp, Kaiser Permanente Ventures, Texas Medical Center Ventures, and 1984 Ventures, participated in the round, which brings Clarium’s total funding to date to $43 million.
What the funding will be used for: The funding will enable the company to deliver on its mission of optimizing the modern health system and mitigating growing economic and environmental uncertainty in the supply chain for suppliers and hospitals.
The funding will also enable the company to accelerate the development and scale of Astra OS, including additional app and solution development, expand its team, and develop relationships with new health system partners.
Value proposition: The healthcare industry overspends on its supply chain by tens of billions each year, largely due to fragmented, unharnessed data, inefficient workflows, and wasted supplies. And as major weather events, global pandemics, and economic tariffs intensify, supply chain vulnerabilities are poised to disrupt critical care operations in hospitals nationwide.
What Clarium does: Clarium’s platform collects, unifies, and automates crowdsourced data from providers, suppliers, and vendors across the entire healthcare supply chain, creating the world’s first AI-based resiliency platform dedicated to helping major hospitals and health systems manage their supply chain operations. And Clarium predicts supply chain disruptions based on real-time weather, geopolitical, and current events data, providing tailored recommendations for substitutions and preventing major disruptions to productivity and outcomes.
This resiliency platform – spanning workflow operations, inventory and stock management, and disruption and substitution optimization – are ideated and built in collaboration with leading health systems, enabling Clarium to respond swiftly and directly to the needs of supply chain teams. After adopting Astra OS, hospital systems have seen over $10 million in average cost savings, fueled by 50% faster disruption resolution and 88% substitute approvals.
Momentum: Since announcing the seed funding last year, Clarium has doubled its headcount and added key leadership including Burton Bracken (Head of Business Development), Marek Sirendi (Head of AI), Marcelo Fracchia (VP of Growth), and Shivani Stadvec (Chief Marketing Officer). And the company also expanded its collaborators roster beyond Yale New Haven Health, Geisinger, Ochsner Health, and Boston Children’s Hospital to include The Cleveland Clinic, Kaiser Permanente, Sutter Health, St. Luke’s, and others. Additionally, Clarium announced a long-term strategic partnership with the Healthcare Industry Resiliency Collaborative (HIRC) to co-develop transformative technology and data standards.
KEY QUOTES:
“The fragmentation and inefficiencies of the healthcare supply chain continue to plague our country’s hospital systems as they face more financial pressure than ever. At Clarium, we’re leveraging the power of AI to modernize the hospital supply chain, working directly with health systems to develop valuable technology that enhances productivity, cuts wasteful spend, and improves patient health outcomes. We are grateful for the support from Northzone and our existing investors as we continue scaling our platform to new partners across the country.”
Steve Liou, Founder and CEO of Clarium
“Working closely with Clarium has allowed us to access the next-gen technology we need to manage our supply chain more efficiently. Clarium is innovative to address supply chain pain points, attuned to our needs, and truly dedicated to helping our hospital systems save on costs and deliver the best possible health outcomes to patients.”
Jacqueline Epright, Chief Supply Chain Officer at Yale New Haven Health
“Despite many recent advancements in healthcare technology, hospital procurement processes have largely remained stuck in the 20th century. While several point solutions exist, Clarium is the first comprehensive, end-to-end platform for managing the hospital supply chain. We believe Clarium possesses the technology and vision to enable end-to-end supply chain management for every one of the 5,000 hospitals nationwide.”
Molly Alter, Partner at Northzone
