Navina secures $22M to process and summarize medical data for clinicians

Navina, a company developing AI-powered assistant software for physicians, today announced that it raised $22 million in Series B funding led by ALIVE with participation from Grove Ventures, Vertex Ventures Israel and Schusterman Family Investments. Bringing the startup's total raised to $44 million, inclusive of a grant from the Israeli Innovation Authority, the proceeds will be put toward product development and widening Navina's footprint to home, virtual and urgent care, CEO and co-founder Ronen Lavi told TechCrunch. Navina was founded by Ronen Lavi and Shay Perera, who previously led the Israel Defense Forces' AI lab, where they say that they built AI "assistant" systems for analysts suffering from data overload. Their work there inspired the products they went on to built at Navina, which aim to help physicians drowning in medical data. "The funding comes at a pivotal time for the U.S. healthcare industry on the heels of the pandemic, when physician burnout is at an all-time high," Lavi told TechCrunch in an email interview.