Element5, a San Jose, Calif.-based Automation as a Service solution for post-acute care, closed a $15m Series A funding.
The round was led by Insight Partners with participation from Maxwell Investment Partners. As part of the deal, Insight Partners’ Jared Rosen is joining the board of directors at Element5.
The company, which has raised a total capital of $18.5m, will use the funding to accelerate growth of their product for post-acute care, while strengthening its market presence through customer expansion and scaling of global operations.
Founded in 2019 and led by Joe Randesi, CEO, Element5 uses Artificial Intelligence (AI) and Robotic Process Automation (RPA) to deliver SaaS-based automated workflows for home-health, hospice, senior living, skilled nursing and other allied healthcare verticals. It delivers end-to-end workflow automation that uses software robots, which log into everyday systems and perform daily administrative tasks like a human would, helping teams save hours on repetitive clicks. With its offering, organizations can deploy automated workflows across patient intake, authorizations, medical records, revenue cycle management and analytics.
Element5 also has APAC headquarters in Chennai, India.
FinSMEs
17/08/2021