# Mednition

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

- Industry: Software
- Headquarters: Burlingame, US
- Website: www.mednition.com
- Total disclosed funding: $10M
- Latest round: Series A (Sep 25, 2019)
- Investors on record: 2

## About

Mednition Inc. is a healthcare technology company specializing in AI-driven solutions for emergency departments, enhancing clinical decision-making and improving patient outcomes through its flagship product, KATE.Founded in 2014 and headquartered in Burlingame, California, Mednition Inc. creates advanced healthcare technology solutions. The company was co-founded by Christian Reilly and Steven Reilly, who have prior entrepreneurial experience. Mednition secured USD 10.00 mn in Series A funding in September 2019, led by Concord Health Partners with participation from Wildcat Capital Management. The funding has been fully raised, with a current company valuation of USD 31.997 mn.Mednition specializes in advanced healthcare technology solutions, primarily through its flagship product, KATE, an AI-powered risk intelligence platform designed for emergency departments. KATE enhances clinical decision-making by enabling nurses to accurately identify and prioritize high-risk patients in real-time, facilitating timely interventions that could save lives. The platform integrates seamlessly with existing workflows and electronic medical records (EMRs), requiring no significant changes. Mednition markets its products primarily to healthcare providers in the United States, focusing on critical conditions like sepsis to improve patient outcomes and operational efficiency.Mednition’s revenue model is subscription-based, offering access to its KATE platform through contracts with hospitals and emergency care facilities. Clients pay for tailored access to KATE's functionalities, ensuring continuous updates and support. The pricing structure accommodates various tiers based on healthcare providers' needs, linking the platform's use to improved patient throughput and care quality, thereby contributing to operational savings.Following the Series A funding round on September 25, 2019, Mednition plans to utilize the USD 10.00 mn raised to expand its customer care team and scale the commercial deployment of KATE. The company aims to enhance its market presence, especially targeting healthcare providers in additional geographic regions across the United States and potentially internationally.

## Funding rounds

- Series A, Sep 25, 2019, $10M — Wildcat Capital Management, Concord Health Partners

## Investors

- Wildcat Capital Management — Series A
- Concord Health Partners (https://capitalatlas.ai/funds/concord-health-partners) — Series A