Buoy Health is a Boston, MA-based AI-powered healthcare navigation platform that provides personalized clinical support the moment an individual has a health concern. Developed out of the Harvard Innovation Labs by a team of doctors and data scientists, the company navigates people through the healthcare system, delivering triage at scale. It connects users with the right care endpoints at the right time based on self-reported symptoms. Led by Andrew Le, MD, CEO and co-founder, Buoy uses AI technology to power its clinical support. The company raised $37.5M in Series C funding, bringing total capital raised to $66.5M to date. Buoy intends to use the funds to further build out its AI-related intellectual property and other technologies, and to grow the team. Buoy Health is a Boston, MA-based health platform powered by an advanced artificial intelligence engine to provide personalized clinical support to individuals. The company uses a symptom self-assessment to generate real-time, high-quality care recommendations (virtual, in-person, or emergency) and follows up via an omni-channel approach tied to symptom severity to help close gaps in care. Its technology delivers intelligent care recommendations and care-pathway guidance after a user assessment. Buoy is led by Dr. Andrew Le, CEO and co-founder. Financially, Buoy has been funding its growth through a Series B: it announced a $15m component in August 2019 and received an additional approximately $5m from Cigna Ventures in January 2020, bringing the Series B total to roughly $20m. Investors participating in the Series B include Hambrecht Ducera Growth Ventures, Humana, F-Prime Capital Partners, Optum Ventures and Cigna Ventures. Buoy Health operates an all-in-one platform powered by an advanced AI engine to deliver personalized clinical support and digital triage for people with health concerns. The tool acts as a front-door to care, guiding users through complex information and helping them navigate the healthcare system. Buoy’s digital triage has been shown to de-escalate the intent for nearly 40% of emergency-room visits. The company reports roughly 6.7 million annual interactions and 3.7 million completed self-triage interviews each year. Buoy was developed out of the Harvard Innovation Labs by a team of doctors and data scientists. The company plans to continue rapid U.S. growth and expand its enterprise offering to new populations, including Baby Boomers and Medicaid-covered patients. Buoy is a health startup that uses an intelligent algorithm backed by medical data to guess what ails users. The company debuted in March to compete with WebMD and other online symptom checkers and says its algorithm can more accurately diagnose patients. Founder Andrew Le, a Harvard-trained MD, said Buoy implemented a battery of tests and conducted a series of studies to ensure accuracy. Buoy reports rapid growth, with more than a quarter of a million people having used the platform. The $6.7M Series A will be used to recruit additional clinical researchers, engineers, and marketers and to build integrations with hospitals and providers. FundRx will also supply physicians for a new medical board to support the product and clinical oversight.

Total raised

$64M

Funding rounds

4

Latest round

Series C

Latest activity

Nov 2020