# HiLabs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hilabs

- Industry: Healthcare IT
- Headquarters: Bethesda, US
- Website: www.hilabs.com/
- Total disclosed funding: $39M
- Latest round: Series B (Mar 14, 2024)
- Investors on record: 4

## About

Founded in 2014 and based in Maryland, US, HiLabs, a healthcare technology company, focuses on enhancing data quality through cutting-edge AI solutions, such as anomaly detection and data ingestion. The company was co-founded by Amit Garg and Neel Butala. In March 2024, HiLabs Inc. raised USD 39 million in Series B funding co-led by investors Denali Growth Partners and Eight Roads Ventures, with participation from another investor, F-Prime Capital. 

HiLabs offers innovative products for managing healthcare data. Their main products include MCheck Provider, which improves provider data accuracy, MCheck Clinical, which analyzes clinical data using AI; and MCheck Payment Accuracy, which detects and corrects errors in claims payments using AI algorithms to prevent overpayments. 

The company plans to use the March 2024 funding to promote its AI-driven data management products for healthcare establishments.

## Funding rounds

- Series B, Mar 14, 2024, $39M — Eight Roads Ventures, F-Prime Capital, Denali Growth Partners
- Seed, Oct 12, 2017, $0.3M — Season Two Ventures

## Investors

- Season Two Ventures (https://capitalatlas.ai/funds/season-two-ventures) — Seed
- Eight Roads Ventures (https://capitalatlas.ai/funds/eight-roads-ventures) — Series B
- F-Prime Capital (https://capitalatlas.ai/funds/f-prime-capital) — Series B
- Denali Growth Partners (https://capitalatlas.ai/funds/denali-growth-partners) — Series B