Translucent AI, a New York-based AI-driven financial platform for healthcare operators, has successfully raised $7 million in a seed funding round. This oversubscribed round saw participation from NEA, Virtue, FPV, and Redesign Health. NEA, a global venture capital firm, has a long-standing history of investing in transformational businesses across various stages and sectors, including technology and healthcare. Virtue focuses on early-stage investments in healthtech, aiming to transform the healthcare system. FPV, established in 2022, invests in mission-driven companies in technology, healthcare, and consumer goods. Redesign Health, a New York venture builder, collaborates with entrepreneurs and investors to tackle systemic challenges in U.S. healthcare.
The funds raised will be utilized by Translucent AI to enhance its AI-powered financial platform and expand its reach to more healthcare provider organizations. Founded in 2024 by Jack O’Hara, Max Jones, and Jo Lares, Translucent AI aims to revolutionize healthcare finance by providing operators with an AI financial analyst capable of answering financial queries, building forecasts, and generating insights to drive performance.
