Prognos diagnoses $20.5m series C

Nov 30, 2017 • Thierry Heles

Cigna, Guardian Life Insurance, Hikma and Merck are part of a consortium that has provided $20.5m in series C funding to healthcare-focused AI software developer Prognos.

Prognos, a US-based healthcare-focused artificial intelligence (AI) technology developer, has closed a $20.5m series C round backed by a host of insurance and healthcare corporates, Xconomy reported on Tuesday.

Insurance firms Cigna and Guardian Life Insurance, through its GIS Strategic Ventures unit, backed the round, as did Merck Global Health Innovation Fund and Hikma Ventures, respective investment subsidiaries of pharmaceutical firms Merck and Hikma Pharmaceuticals.

The round also featured Hermed Alpha Industrial, Maywic Select Investments and Safeguard Scientifics.

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