# Covera Health

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/covera-health

- Industry: Healthcare
- Headquarters: New York, US
- Website: www.coverahealth.com
- Total disclosed funding: $98M
- Latest round: Series C (Nov 1, 2023)
- Investors on record: 3

## About

Covera Health Inc, based in the US, is a developer of a clinical intelligence platform that leverages AI to enhance healthcare delivery and improve diagnostic accuracy in medical imaging.Founded in 2017 in New York, US, Covera Health Inc focuses on clinical intelligence to optimize diagnostics in healthcare. The company has engaged in four significant funding deals, with the latest being a Series C round led by Insight Partners in November 2023, raising USD 50.00 mn. Ron Vianu is the CEO, and along with co-founder Raz Winiarsky, they have overseen the company's growth in the healthcare technology sector.Covera Health offers a clinical intelligence platform designed to enhance the quality and efficiency of healthcare delivery through AI-powered insights. The company's core product focuses on improving diagnostic accuracy in radiology, which is critical for patient care. By integrating its platform with healthcare providers, health plans, and employers, Covera Health delivers quality insights that support the diagnosis, treatment planning, and ongoing management of various conditions, including musculoskeletal disorders, cancer, neurological disorders, heart disease, and chronic pain. The platform is utilized primarily by healthcare providers and insurers across the United States, with a particular emphasis on markets where advanced imaging services are essential for effective patient outcomes. Covera Health also collaborates with designated high-quality radiology facilities, underscoring its commitment to ensuring that patients receive care from top-tier providers.Covera Health's revenue model primarily revolves around partnerships with healthcare providers, health plans, and employers, offering subscription-based access to its clinical intelligence platform. Clients engage with the company through B2B transactions, utilizing the platform to gain insights that improve clinical decision-making and operational efficiencies. The company has secured funding, including a total of USD 50.00 mn in Series C funding, to support the ongoing enhancement of its services and expand its reach within the healthcare sector. As transactions typically occur through structured agreements with healthcare entities, the pricing plans are aligned with the scale of services provided, ensuring tailored solutions that meet specific needs in the healthcare ecosystem. Key offerings include comprehensive analytics tools that facilitate patient care coordination and quality assurance in radiology services.In November 2023, returning investor Insight Partners led a USD 50 million Series C funding for Covera Health, Inc. The company plans to utilize this funding to support the restructuring of its operations and the expansion of its product offerings. Future growth initiatives include the design and launch of new products aimed at further enhancing diagnostic capabilities and plans to penetrate additional geographic markets, specifically targeting regions where advanced imaging and clinical intelligence systems are in demand.

## Funding rounds

- Series C, Nov 1, 2023, $50M — Insight Partners
- Series C, Aug 4, 2021, $28M — Insight Partners, Equity Group Investments
- Series B, Dec 20, 2019, $13M — Prism Venture Management, Insight Partners
- Series A, Nov 1, 2018, $7.5M — Equity Group Investments

## Investors

- Equity Group Investments (https://capitalatlas.ai/funds/equity-group-investments) — Series A, Series C
- Prism Venture Management (https://capitalatlas.ai/funds/prism-venture-management) — Series B
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series B, Series C