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Arya Health, an AI platform for home health and post-acute care, has secured $18.2 million in Series A funding, bringing its total raise to $25 million.
Acme Capital led the round, with participation from Ridge Ventures, Twelve Below and OpenAI executives.
The company named Melinda Phillips to head its Care@Home Center of Excellence.
WHAT IT DOES
Arya's AI-powered digital agents automate crucial post-acute care workflows, such as caregiver scheduling, compliance tracking and hiring management.
The company is also developing an AI-native "system of action" that integrates with the electronic medical record (EMR) to automate the administrative load.
Plus, it is getting ready to launch an intake agent in Q4, aimed at accelerating patient start of care and reducing back-office impediments.
Arya will use the funds to increase its product line across more administrative functions and escalate recruitment efforts.
"Post-acute care organizations spend roughly 25 cents of every dollar on non-clinical tasks," Kunal Sarda, CEO and cofounder of Arya Health, said in a statement.
"That's time and money that should be going toward caregivers and patients, not process. Arya is flipping that equation by using AI to take on the operational burden so providers can focus on delivering care, not moving patients, caregivers and data around in their EMR. Our mandate is to make post-acute care administration more scalable, human and cost-effective at the same time."
MARKET SNAPSHOT
In 2024, Arya Health closed a $4 million seed funding round led by Twelve Below. The funds were used to streamline the company's operations and improve employee engagement and retention.
Other companies in the post-acute care space include Cascala Health, which in August garnered $8.6 million in seed financing, bringing its total raise to $11.23 million since its inception last year.
Cascala integrates with EMRs, pulling admission, discharge, and transfer (ADT) feeds; claims; labs; and imaging. It also delivers reports into the EMR via direct messaging.
In May, Olio, a platform that links hospital teams with post-acute providers for care collaboration, scored $11 million in Series B funding.
Olio's care coordination platform permits a hospital's care team to gather data about its patients once they have transitioned into the post-acute setting. The platform also helps clinicians set specialty-specific care goals and funnels data back and forth between healthcare providers and post-acute care settings.
The company used the funds to expand its product offerings and hasten its go-to-market plans.
