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Buoy Health Completes $37.5M Series C

2020-11-10
BOSTON, MA, Buoy Health, the AI-powered healthcare navigation platform, has completed a $37.5 million Series C funding round.
Cigna Ventures and Humana led the funding round and were joined by Optum Ventures, WR Hambrecht + Co, and Trustbridge Partners. To date, Buoy has raised $66.5 million.

Buoy will use the proceeds to further buildout its IP with respect to artificial intelligence and other technologies, as well as grow the Buoy team. The fundraise will advance Buoy's clinical and insurance-based navigation capabilities to help move the individual to a more consumer-friendly healthcare journey.

As of the Series C close, Buoy has helped nearly one million Americans assess symptoms and locate the best places for them to seek care in their community during the COVID-19 pandemic. As one of the first digital health companies in the U.S. to respond to the pandemic, Buoy was an early leader in connecting individuals to care at the right time, saving more than 29,764 medical professionals' hours, or 1,240 days.

Buoy is a digital health company that uses AI technology to provide personalized clinical support the moment an individual has a health concern. Developed out of the Harvard Innovation Labs by a team of doctors and data scientists, Buoy navigates people through the healthcare system intelligently, delivering triage at scale, and connecting them with the right care endpoints at the right time based on self-reported symptoms. For more information, please visit www.buoy.com.
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