Concerto HealthAI Raises $150 Million in Series B Funding
The Carlyle Group Inc. (CG)
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BOSTON (PRWEB) January 13, 2020 Concerto HealthAI, the market leader for Real-World Data (RWD) and enterprise AI technology solutions for Precision Oncology, announced today it has raised $150 million in aggregate Series B financing. The round of financing was led by Declaration Partners with participation from Maverick Ventures, AllianceBernstein PCI, and SymphonyAI Group. As part of the transaction, Andrew Goldfarb, partner at Declaration Partners, and Leif Pedersen, senior operating partner at SymphonyAI Group, will join Concerto HealthAI's board. Romesh Wadhwani, founder and CEO of SymphonyAI Group, will continue as executive chairman, and Jeff Elton, PhD, CEO of Concerto HealthAI as board member.With 90 percent year-over-year revenue growth, Concerto HealthAI has an expanding list of partners and customers: three of the world's major biopharmaceutical and oncology organizations have deployed eurekaHealth, and 19 out of the top 25 biopharma are customers of Concerto HealthAI tech
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