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 data extra accessible and comprehensible. The corporate was launched in 2021 by means of Y Combinator below the steering of Michael Seibel. Since its inception, Rejoy Well being has persistently enhanced the efficiency of its AI fashions, making important strides within the healthcare sector.
Rejoy Well being has developed its personal superior massive language fashions (LLMs) particularly for healthcare functions. These methods constantly scan current analysis and on-line datasets, together with intensive medical texts and analysis papers, to remain up to date on new healthcare tendencies. By persistently coaching its fashions on this information, Rejoy Well being ensures that its AI offers correct and present data. Moreover, the platform ranks information based mostly on the trustworthiness of its sources, enhancing the reliability of the knowledge offered to customers.
Rejoy Well being’s massive 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 most recent fashions from OpenAI’s ChatGPT. MedQA is a dataset particularly designed to evaluate the capabilities of question-answering methods within the medical subject, specializing in questions much like these present in the US Medical Licensing Examination (USMLE). This accomplishment highlights the distinctive reliability of Rejoy Well being’s know-how, making certain that customers obtain exact and up-to-date healthcare data.
For example, a doctor may ask concerning the well being dangers related to GLP-1 receptor agonists like Ozempic and Mounjaro and obtain fast 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 software, medical doctors would wish to spend appreciable time looking out by means of quite a few papers and assets. As a substitute of sifting by means of data equal to a prolonged e book chapter, they will now receive solutions in simply 30 seconds, moderately than half-hour.
On common, Rejoy Well being’s know-how saves healthcare professionals 14 hours monthly. With a median hourly fee of $200 within the USA, this interprets into important price financial savings for clinics and healthcare methods. Rejoy Well being’s progressive options at the moment are utilized by over 10,000 healthcare professionals from prestigious establishments corresponding 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. Just lately, Rejoy Well being raised funding at a valuation of $125 million. This funding can be used to rent AI engineers and broaden clusters of GPUs to additional improve its AI fashions, aiming to make high quality and correct healthcare data accessible to everybody.
MEDIA CONTACT
Contact Individual: Martha Grubbs
Firm Identify: Rejoy Well being
E mail: hi there@rejoyhealth.com
Handle: 600 California St, San Francisco, CA 94108
Web site: https://www.rejoyhealth.com/
