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 expertise for healthcare purposes. 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 Y Combinator underneath the steerage of Michael Seibel. Since its inception, Rejoy Well being has persistently enhanced the efficiency of its AI fashions, making vital strides within the healthcare sector.
Rejoy Well being has developed its personal superior massive language fashions (LLMs) particularly for healthcare purposes. These programs repeatedly scan latest analysis and on-line datasets, together with in depth medical texts and analysis papers, to remain up to date on new healthcare tendencies. By persistently coaching its fashions on this knowledge, Rejoy Well being ensures that its AI offers correct and present data. Moreover, the platform ranks knowledge based mostly on the trustworthiness of its sources, enhancing the reliability of the data 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 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 much like these present in the USA Medical Licensing Examination (USMLE). This accomplishment highlights the distinctive reliability of Rejoy Well being’s expertise, guaranteeing that customers obtain exact and up-to-date healthcare data.
For example, a doctor may ask in regards to the well being dangers related to GLP-1 receptor agonists like Ozempic and Mounjaro and obtain instant 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 device, medical doctors would want to spend appreciable time looking by quite a few papers and sources. As a substitute of sifting by data equal to a prolonged e-book chapter, they’ll now receive solutions in simply 30 seconds, slightly than half-hour.
On common, Rejoy Well being’s expertise saves healthcare professionals 14 hours per 30 days. With a mean hourly fee of $200 within the USA, this interprets into vital value financial savings for clinics and healthcare programs. 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 vital worth in enhancing healthcare supply and decision-making.
Recognizing its potential and traction, Rejoy Well being has attracted the eye of outstanding traders, together with Y Combinator, Google, and the Harvard College endowment fund, which manages $54 billion. Moreover, undisclosed pharmaceutical and medical insurance corporations have proven curiosity. Just lately, Rejoy Well being raised funding at a valuation of $125 million. This funding will likely 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 Particular person: Martha Grubbs
Firm Title: Rejoy Well being
E mail: hiya@rejoyhealth.com
Handle: 600 California St, San Francisco, CA 94108
Web site: https://www.rejoyhealth.com/
