NarrativeDX, an artificial intelligence platform that lets healthcare providers communicate with patients, announced Tuesday it has raised a round of funding.
The Austin-based startup, founded in 2014, didn’t reveal the funding amount but reported it was led by LiveOak Venture Partners, Cultivation Capital and HealthX Ventures.
Last year, in a profile on the company by Silicon Hills News, NarrativeDX officials reported they raised $1.35 million from angel investors, LiveOak Venture Partners and Capital Factory. And that the company planned to raise a $3 million Series A. The company also participated in the DreamIt Health accelerator in Philadelphia and received $50,000 in 2014.
NarrativeDX plans to use the latest round of funding to fuel growth of its natural language processing technology and artificial intelligence platform. The company collects and analyzes patient feedback and provides the data to hospitals and other healthcare providers in real time.
“We are using AI to improve healthcare experience in a way that has never been done before,” Kyle Robertson, founder and CEO of NarrativeDX, said in a news release. “Our partners have been eager to leverage our technology to better understand their patients’ experiences. The demand we are seeing is phenomenal, and we are on track to increase our client base ten times in 2017.”
In 2014, Robertson founded the company with Senem Guney.
“As a seed round investors, we are excited to follow-on our initial confidence in the NarrativeDx team by leading this Series A round,” Ben Scott, general partner of LiveOak Venture Partners, said in a news release. “With the best technical team in the industry, we strongly believe in their approach and are convinced that NarrativeDx has the ability to positively transform the patient experience and quickly boost hospital reputations.”