Texas Single Family Office Invests In Mednition’s $10M Series A

Texas Single Family Office Invests In Mednition's $10M Series A

Mednition is a US startup working on solutions to transform Electronic Health Care records (EHR) into valuable decision support by machine learning. Recently, Mednition closed a $10M Series A funding round. One of the investors is the Texas-based Bonderman single family office Wildcat Capital Management, LLC. If you’re looking for more U.S. based single family offices, consider our list of single family offices in the United States.

Mednition offers clinical accuracy by machine learning

Burlingame-based Mednition’s product is based on the story of Kate, a misdiagnosed child. Through their product Mednition wants “to help clinicians make better, more informed decisions at the point of care”. The flagship product “KATE” alerts clinical staff when anomalies occur – and a second look might be needed. KATE is based on 10 billion data points in Mednition’s clinical data engine. First research outcomes of a trial at the Adventist Health White Memorial hospital are more than promising: hundreds of high-risk patients have avoided the waiting room, many patients with sepsis were uptriaged. Mednition was founded by Steven Reilly, a former management consultant, and Christian Reilly, a mechanical engineer and software product manager.

$10M Series A by Texas Single Family Office and institutional investors

The recent funding round was led by private equity firm Concord Health Partners. The single family office of David Bonderman – Wildcat Capital Management – also participated in the recent funding round as an existing shareholder. David Bonderman is an American billionaire who founded private equity fund TPG Capital. His net worth is estimated at $3.7B. Through the $10M Series A, Mednitions want to grow its customer care team and scale the development of KATE.

Mednition, 9.10.2019
AI Time Journal, 9.10.2019
Robina Weermeijer, 9.10.2019

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