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Unicorns

Israeli Unicorn K Health Raiss Another $59 Million

K Health App

K Health, an Israeli startup and a unicorn that develops a mobile app that uses AI to deliver personalized primary care, raised $59 million from the company’s investors and the largest hospital in California, Cedars Sinai. The company has now raised $325 million to date. And it even includes American rapper Jay-Z, AKA Mr. Beyoncé Knowles, as one of its investors.

It was in January of 2021 that the company hit the coveted unicorn status – a startup with at least a $1 billion valuation. At the time K Health reached a $1.4 billion valuation when it raised $132 million in a Series E round of funding. But K Health is said to have plummeted in value since then so it might not actually be a unicorn anymore.

Founded in 2016 by CEO Allon Bloch, CPO Ran Shaul and Israel Roth, 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.

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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.

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.

K Health’s 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.

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