Machine Learning Healthcare Gets Seed Funding PYMNTS.com

Bessemer Venture Partners is launching a $10 million early-stage seed program to back new startups in the healthcare industry. According to TechCrunch, the company's celebrity healthcare investor, Steve Kraus, and its head of investments in Israel, Adam Fisher, will lead the Deep Health Seed Program to invest anywhere between $100,000 and $2 million into startups using machine learning to solve problems in healthcare. The firm has already invested in Qventus, a hospital management service, as well as healthcare companies such as Allena Pharmaceuticals, Docent Health, OvaScience, Verastem and Flex Pharma. Bessemer will specifically be looking for investment opportunities in workflow automation startups like Qventus; digital diagnostics companies that augment or replace human diagnosticians with algorithms; and predictive and programmatic tools to measure and monitor population health. In addition to announcing the new seed funding program, Bessemer also revealed its first investment in a company called Subtle Medical, which is focused on stroke and neurological disorders, improving the quality and speed of medical imaging exams by enhancing the use of lower-quality scans, which will remove the need for repeat imaging procedures.