Rejoy Well being secures $125 million funding to reinforce AI healthcare options and obtain a $125 million valuation.
San Francisco, CA – Rejoy Well being has secured funding at a valuation of $125 million to advance its AI know-how for healthcare functions. Based by former Fb and Microsoft engineers Rituraj and Ritu Ranjna, Rejoy Well being is devoted to constructing AI to make medical information extra accessible and comprehensible. The corporate was launched in 2021 by way of Y Combinator underneath the steerage of Michael Seibel. Since its inception, Rejoy Well being has constantly enhanced the efficiency of its AI fashions, making important strides within the healthcare sector.
Rejoy Well being has developed its personal superior giant language fashions (LLMs) particularly for healthcare functions. These programs repeatedly scan current research and on-line datasets, together with intensive medical texts and research papers, to remain up to date on new healthcare tendencies. By constantly coaching its fashions on this knowledge, Rejoy Well being ensures that its AI supplies correct and present data. Moreover, the platform ranks knowledge based mostly on the trustworthiness of its sources, enhancing the reliability of the knowledge offered to customers.
Rejoy Well being’s giant language fashions (LLMs) have achieved excellent accuracy on the MedQA (USMLE) benchmark, even outperforming Med-PaLM 2, a extremely esteemed mannequin from Google and the newest fashions from OpenAI’s ChatGPT. MedQA is a dataset particularly designed to evaluate the capabilities of question-answering programs within the medical subject, specializing in questions just like these present in the US Medical Licensing Examination (USMLE). This accomplishment highlights the distinctive reliability of Rejoy Well being’s know-how, guaranteeing that customers obtain exact and up-to-date healthcare data.
As an illustration, a doctor would possibly ask concerning the well being dangers related to GLP-1 receptor agonists like Ozempic and Mounjaro and obtain quick solutions. This functionality permits healthcare professionals to tailor their inquiries to particular affected person eventualities and ask follow-up questions as wanted. With out this instrument, docs would want to spend appreciable time looking out by way of quite a few papers and sources. As an alternative of sifting by way of data equal to a prolonged e book chapter, they’ll now acquire solutions in simply 30 seconds, fairly than half-hour.
On common, Rejoy Well being’s know-how saves healthcare professionals 14 hours monthly. With a mean hourly charge of $200 within the USA, this interprets into important value financial savings for clinics and healthcare programs. Rejoy Well being’s modern options are actually utilized by over 10,000 healthcare professionals from prestigious establishments akin to Mayo Clinic, NewYork–Presbyterian Hospital, NYU Langone, and Stanford Medication. This widespread adoption highlights the platform’s important worth in enhancing healthcare supply and decision-making.
Recognizing its potential and traction, Rejoy Well being has attracted the eye of outstanding buyers, together with Y Combinator, Google, and the Harvard College endowment fund, which manages $54 billion. Moreover, undisclosed pharmaceutical and medical health insurance firms have proven curiosity. Lately, Rejoy Well being raised funding at a valuation of $125 million. This funding will probably be used to rent AI engineers and increase clusters of GPUs to additional improve its AI fashions, aiming to make high quality and correct healthcare data accessible to everybody.
MEDIA CONTACT
Contact Particular person: Martha Grubbs
Firm Identify: Rejoy Well being
E mail: good day@rejoyhealth.com
Handle: 600 California St, San Francisco, CA 94108
Web site: https://www.rejoyhealth.com/