Also participating in Outbound AI's seed financing are Epic Ventures, Ascend, Pack Ventures, Locke Capital, Tacoma Venture Fund and KCRise Fund. "We made an intentional decision to form the base of our commercial team in Kansas City, and we're thrilled to have the support of KCRise Fund," says Burwell. Kansas City is recognized as a major metropolitan hub within 'Silicon Prairie' and boasts a burgeoning health tech sector.
"The healthcare workforce is in crisis, and innovation that focuses on relieving this crisis is sorely needed," says Porter. "Though automation is not a new concept, the approach Outbound AI is taking by partnering with human talent on administrative tasks is unlike anything we've seen to date from other health tech companies. Stead, Jonathan and their teams are already delivering stellar results. Madrona has tremendous confidence that Outbound AI's impact on the healthcare market will be immense."
Says Morbeck, "SpringRock Ventures looks to invest in companies with highly differentiated next-generation solutions that solve an acute pain point, which is precisely what we uncovered during our diligence with Outbound AI's customers. Not only is Outbound AI leveraging conversational and generative AI in truly novel ways, its platform is enabling customers to significantly increase their productivity. We’re excited to help Outbound AI achieve its vision."
About Outbound AI
Outbound AI is Conversation AI built for healthcare. Founded in 2021, the Seattle-based startup is breaking new ground with cloud technologies that serve as workforce multipliers to drive productivity while improving the daily job experience for human talent. The company’s inaugural offering includes a portfolio of AI-powered virtual agents specially trained to streamline administrative work across the revenue cycle, including claims status, eligibility and benefits verification, prior authorization and more. Outbound AI is led by a passionate team of health and voice tech veterans and backed by several preeminent venture capital firms. More information is available at www.outbound.ai.
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