K Health, an Israeli startup which develops a mobile app that uses AI to deliver personalized primary care, now has a $1.4 billion valuation. Startup Nation starts 2021 with yet another billion dollar valuation. K Health reached this milestone after raising $132 million in a Series E round of funding.
It even brought in an investment from American rapper Jay-Z, AKA Mr. Beyoncé. His Marcy Venture Partners took part in a $42 million round of investment last November.
It also launched its K for Parents which offers ongoing pediatric insights and care for children ages 3-17.
The company said that this infusion of new funds is a step toward the creation of a global, integrated health system built on medical intelligence and easy access to best-in-class doctors.
K Health offers its users health information based on the health experiences of people similar to theirs. The company describes this as a dynamic cluster of people that it calls People Like Me, or PLM. K Health also provides primary care and mental health services so that people can begin treatment for conditions right from their own home.
This is especially helpful for people who do not have insurance or the time to go to the doctor. The service also helps families get quick answers without first waiting a long time in an emergency room before seeing a doctor or waiting for an appointment with their family doctor.
Thank you to our amazing team and investors for helping to realize our vision of creating a high quality, more accessible health care system for billions of people and their families. We’re just getting started! https://t.co/z3HZz8tYSC
— K Health (@khealth) January 19, 2021
The company states that it puts personalized health information and quality care at everyone’s fingertips, using a global team of doctors and developers who turn clinical health data into knowledge that can help people better manage their health.
Founded in 2016, K Health is based in New York and Tel Aviv. It currently has more than 4 million users.
Its K for Parents offers a free symptom checker. This connects families to answers 24/7, sharing how doctors treated children with similar conditions. It is built by artificial intelligence based on information gleaned from millions of users and thousands of pediatricians.
With the service children can get pediatric care for free with an adult membership which costs $9 per month of unlimited care.