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Fabric Secures $60M Series A Financing

NEW YORK, NY, Fabric, developers of a leading care enablement system that is humanizing care by automating clinical and administrative work, today announced its $60 million Series A funding.
The round was led by General Catalyst, with continued participation from Thrive Capital, GV (Google Ventures), Salesforce Ventures, Vast Ventures, Box Group, and Atento Capital. The funding comes on the heels of Fabric's strategic acquisition of GYANT, a conversational AI care assistant and patient engagement suite, propelling the company forward and marking a significant leap towards fixing the patient-to-clinician journey by enhancing accessibility, efficiency, and outcomes for both in-person and virtual care interactions.

Fabric is a health tech company that powers healthcare providers to move faster, work smarter, and deliver better care through its care enablement system. The system offers three solutions: In-Person Care Suite, Virtual Care Suite, and Engagement Suite. Leveraging conversational AI and intelligent adaptive interviews, Fabric unifies virtual and in-person care across intake, triage, routing, and treatment while automating workflows for staff. Built by a team of physicians and clinical informaticists, Fabric protocols uphold excellence in care quality while offering omnichannel access for patients. The results enable clinicians to work 2-10 times faster (dependent on setting), decrease call center volume by 15%, and increase utilization of unfilled visit blocks. Some of Fabric's customers include Luminis Health, OSF HealthCare, MUSC Health, and Intermountain.
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