IU spinout Care Revolution has been backed by the university's Philanthropic Venture Fund after previously raising funds in 2016.
Care Revolution, a US-based care management software spinout from Indiana University, has secured $150,000 in funding from the university’s Philanthropic Venture Fund.
Philanthropic Venture Fund is a $15m evergreen vehicle formed in February 2018 to back Indiana spinouts with the cash raised from tax-deductible gifts to the university.
Care Revolution has developed a cloud-based software platform intended to bolster staffing and resources in care centres to help reduce unnecessary hospital stays for their residents.
The technology exploits artificial intelligence…
