Venture capital firm General Catalyst announced the expansion of the General Catalyst Institute into India, focusing on five key pillars, including using AI to address societal challenges and working with policymakers and entrepreneurs to build on India's strengths in telemedicine and pharmaceuticals in order to impact the healthcare sector.
The General Catalyst Institute, launched in September,...
Ohio-based Summa Health and General Catalyst's Health Assurance Transformation HATCo, has signed a definitive agreement to purchase Summa for $485 million.
Summa Health is a nonprofit healthcare system with over 30 locations throughout the Akron and Canton areas.
The purchase price, when added to Summa Health’s current cash, will allow the health system to dispose of $850 million in existing...
Venture capital firm General Catalyst announced it closed $8 billion in new capital, including $6 billion for its latest fund, Fund XII, and $2 billion in separately managed accounts.
The $8 billion will be used to boost the firm's investments across various sectors, including defense and intelligence, climate and energy, AI, industrials, and healthcare and fintech.
The company will distribute...
Venture capital firm General Catalyst announced the formation of the General Catalyst Institute, an organization that will work with governments and public policy leaders globally to facilitate the adoption of new technologies to create global resilience.
"We believe humanity is entering an era where instability will be the new normal. This will manifest itself acutely in our supply chains,...
Holly Maloney, managing director at General Catalyst, says there has been a shift from the exuberant investments made during the COVID era to a more stable and strategic funding environment, creating a healthy investment climate for long-term growth and innovation.
Maloney sat down with MobiHealthNews to discuss how this shift has affected General Catalyst's strategic evolution in digital health...
Healthcare-focused cybersecurity company Blackwell Security has secured $13 million in a funding round led by General Catalyst and Rally Ventures.
The company, which is a co-creation from General Catalyst and Rally Ventures, also hired Geyer Jones as its first chief executive officer. Jones previously served as chief operating officer at healthcare IoT security company Cylera and chief strategy...
Safety-focused large language model company Hippocratic AI announced the closing of an oversubscribed $53 million Series A funding round, bringing its total raise to $120 million.
The funding brings the valuation of the company to $500 million.
The round was co-led by General Catalyst and Premji Invest, with participation from Memorial Hermann Health System and SV Angel.
Additional investors...
Venture capital firm General Catalyst announced its recently formed business venture Health Assurance Transformation Corporation (HATCo) intends to purchase Ohio-based Summa Health, a nonprofit healthcare system with over 30 locations throughout the Akron and Canton areas.
Summa Health, founded in 1989, is an integrated delivery system that has been operating for over 130 years. It was formed...
Editor's note: Since the release of this article, General Catalyst has announced its intent to purchase Ohio-based healthcare system Summa Health.
Digital health stakeholders need to renew their focus on getting back to the basics, such as improving care access, outcomes, cost and workforce retention, says Holly Maloney, managing director at General Catalyst.
Maloney joined MobiHealthNews to...
Healthcare AI company Layer Health, spun out of MIT, announced its launch with $4 million in funding from GV (Google Ventures), General Catalyst and Inception Health.
WHAT THEY DO
Layer Health's AI platform, dubbed Distill, built on machine learning algorithms that leverage large language models, aims to streamline the chart review process from unstructured data.
The technology can be...
