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Element5 Announces $30M Series B Round

2022-05-03
SAN JOSE, CA, Element5 today announced that it has raised $30 million in a Series B funding round.
Element5, the world's first Automation-as-a-Service solution purpose-built for post-acute care, today announced that it has raised $30 million in a Series B funding round led by New York-based global venture capital and private equity firm Insight Partners. The new funding represents the company's second investment from Insight, who also led Element5's $15 million Series A in August 2021. The latest strategic investment is aimed at accelerating the adoption and deployment of advanced automation solutions across various service lines within the $400 billion post-acute care market.

Element5 is simplifying work for post-acute care organizations by offering end-to-end workflow Automation-as-a-Service. Using artificial intelligence (AI) and robotic process automation (RPA), Element5 delivers intelligent automation and analytics that help organizations improve operational efficiency, recognize revenue faster and help their resources focus on better patient outcomes. By automating complex administrative tasks for post-acute care, Element5 frees healthcare personnel from time-consuming and repetitive processes, empowering teams to do more, by doing less.
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