Orbita secured $9 Million in Series A Funding Round backed by HealthX Ventures

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Orbita

Orbita, a Boston based provider of conversational AI, supported voice and chatbot solutions for healthcare has now secured $9 million in the Series A funding round.

Founed in 2015, Boston based Orbita offers provides voice and chat solutions for life sciences and healthcare sectors. The company has secured a total of $16.5 million in funding over 3 rounds to date, according to CrunchBase.

The company's conversational AI platform enables healthcare organizations to create and manage HIPAA compliant virtual healthcare assistants for clinical and consumer applications.

Executive Opinion

Rich Wilmot, Head of Philips Health Technology Ventures Global, said, "Philips views conversational AI through voice and chatbot as an important future enabler to drive patient experience and clinical efficiency, especially in light of the current COVID-19 pandemic. We aim to partner with and invest in promising digital health companies complementary to Philips's strategic initiatives, and Orbita has established itself as a leading innovator in the industry with products and solutions that are enterprise-ready, pressure tested, and highly relevant to the pressing needs of healthcare providers."

Taha Jangda, Partner at HealthX Ventures, said, "The Orbita team quickly recognized how to apply their existing technology to deliver highly relevant solutions to the COVID-19 front-line response. In addition to their rapid turnaround with the COVID chatbot, they have made tremendous strides expanding into the life sciences market, where they are well-positioned to facilitate patient engagement and marketing in a post-COVID world. We are very pleased to continue supporting their progress."

Orbita's Laetest Funding

The round was backed by the HealthX Ventures and Philips Health Technology Ventures with participation from Newark Venture Partners and Cultivation Capital.

The company, as of now, has plans to use the new funds to continue expand into life sceiences market in post-COVID world, notes the announcement.

Orbita's customers and partners include Cognizant, Mass General Brigham, AmWell, and May Clinic.

PC: Pablo, Unsplash

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Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

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