The spinout has turned to Stanford-Start X Fund as it prepares to add data sciences, engineering and clinical features to its machine-learning based service for health insurers.
Cardinal Analytx Solutions, a US-based machine-learning spinout from Stanford University, secured $6.1m of series A capital on Wednesday in a round backed by the Stanford-StartX fund.
The round was led by Cardinal Partners and also featured Premera Blue Cross, a health insurer licensed by insurance provider Blue Cross Blue Shield that has piloted Cardinal Analytx’s technology.
Cardinal Analytx’s system uses machine learning and artificial intelligence to predict whether new health insurance customers are likely to be high risk so that…
