Major Funding Rounds Highlight Growth in Health Technology Sector
In June, several health technology companies announced significant funding rounds, underscoring the ongoing investment in medical innovation and digital health initiatives. Here are some of the most notable financing activities of the month.
Assort Health Raises $120 Million in Series C Funding
Assort Health, an AI-driven platform focused on patient journey support, has successfully raised $120 million in its Series C funding round. The platform facilitates appointment scheduling, referrals, document processing, medication renewals, and payment management, drawing on over 190 million patient interactions.
The Series C round was led by Menlo Ventures, with notable participation from Lightspeed Venture Partners, Felicis, First Round Capital, Chemistry, Joe Montana, Tau Ventures, and Quiet Capital. To date, Assort Health has raised a total of $222 million, achieving a valuation of $1.2 billion.
Cadence Secures $100 Million in Series C Financing
Cadence, a clinical AI company addressing chronic diseases, has completed a Series C funding round raising $100 million. The technology enables patient monitoring, risk identification, and intervention coordination, currently collaborating with over 20 health systems and serving more than 100,000 patients.
This financing round was led by Spark Capital and included participation from Thrive Capital, General Catalyst, Coatue, B Capital, Corewell Health Ventures, Memorial Hermann, and Duke Health. The funds will facilitate the expansion into new health systems and enhancement of its AI agents.
Adaptive Innovations Secures $60 Million in Series A and Startup Funding
Adaptive Innovations, an AI operating system for home healthcare, has raised a total of $60 million, comprised of $50 million in Series A funding and $10 million in startup financing. The company, which combines AI operations with home clinicians, launched in 2025 and has since conducted over 100,000 patient visits, establishing partnerships with more than 500 referring healthcare organizations.
The funding rounds were led by Felicis and Bain Capital Ventures, with participation from Optum Ventures, Sunflower Capital, Conviction, BoxGroup, SV Angels, Dorm Room Fund, and Constellation. This financing will support expansion into additional states and growth of the team.
Stepful Raises $55 Million in Series C Funding
Stepful, a provider of online training for jobs in the healthcare sector, has announced a $55 million Series C funding round. The platform offers programs for roles such as medical assistants, pharmacy technicians, medical administrators, and dental assistants. Following certification, Stepful assists graduates in accessing job opportunities through partnerships with providers.
This funding round was led by Oak HC/FT, with contributions from Foresite Capital, Hearst Ventures, Citi Impact Fund, SemperVirens, Y Combinator, Intermountain Health, and ECMC Education Impact Fund. The financing will support enhanced partnerships within the healthcare system and the development of new programs, including those for licensed nurses and imaging specialists.
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