11 Top Startups Transforming Healthcare With AI 2024

Doctor using a tablet.

As artificial intelligence and machine learning technologies continue to be developed, we’re seeing increasing numbers of AI healthcare startups founded by innovative entrepreneurs who want to transform the industry. 

With artificial intelligence (AI) and machine learning (ML) technology, we can process data, make predictions, and spot subtleties in patterns that humans could never notice on their own. This allows healthcare professionals, doctors, and medical centers to improve patient care, operating processes, and how medical procedures are performed. 

We’re going to explore some of the top healthcare startups out there today that are using AI to transform the industry. These companies range from medical devices to pharmaceuticals to medical diagnostics software and are pioneering the way forward for future innovations within the healthcare sector.

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Best AI Healthcare Startups

Every year, new startups pull to the forefront of their industry through exciting innovation and industry-disrupting business models. We’ve rounded up the top AI healthcare companies of 2024 that startup-lovers, investors, and aspiring entrepreneurs should follow. 

Disclaimer: With so many exciting startups launching and growing worldwide, we aren’t able to cover them all. Furthermore, the startups that are listed below are not officially ranked and are listed in no particular order.

1. Pieces Technologies

  • Location: Irving, Texas
  • Founders: Ruben Amarasingham
  • Founded In: 2015
  • Funding: Series B, $61.5 Million
  • Investors Include: Concord Health Partners, Jump Capital, Pacific Advantage Capital

Pieces Technologies is a healthcare startup that’s using artificial intelligence to interpret patient information in real-time and connect community-based organizations and health systems together to promote healthier patient outcomes. 

Their technology combines clinically-based natural language processing (NLP) with artificial intelligence and machine learning that physicians supervise. Pieces Connect and Pieces Predict, their two primary software products, work together to create a unique and comprehensive solution for connecting community health.

2. Ubie

  • Location: Tokyo, Japan
  • Founders: Yoshinori Abe, Kota Kubo
  • Founded In: 2017
  • Funding: $77.7 Million
  • Investors Include: Mizuho Bank, Japan Finance Corporation

Ubie is an AI-powered healthcare service with services available in the US, Japan, India, and Singapore. With partnerships like Pfizer and Takeda, this startup offers a variety of services, from SaaS products for hospitals to symptom trackers using artificial intelligence.

3. Rhino Health

  • Location: Boston, Massachusetts
  • Founders: Ittai Dayan, Yuval Baror
  • Founded In: 2020
  • Funding: Venture, $11.7 Million
  • Investors Include: LionBird, Arkin Digital Health

Rhino Health is an innovative startup in the healthcare sector working to push artificial intelligence development forward and improve clinical translation. Using their platform, medical researchers and AI developers can access disparate and diverse datasets seamlessly and use them in the creation of better AI algorithms. 

With Rhino Health, accessing their datasets is simple and scalable, accelerating the development, validation, and improvement of AI algorithm models that improve outcomes across the healthcare industry as a whole.

See more top Boston startups.

4. Akasa

  • Location: San Francisco, California
  • Founders: Andy Atwal, Benjamin Beadle-Ryby, Malinka Walaliyadde, Varun Ganapathi
  • Founded In: 2018
  • Funding: Series B, $85 Million
  • Investors Include: Bond, Andreessen Horowitz, Costanoa Ventures

Akasa is an automation company powered by AI that’s helping healthcare providers, medical centers, and health organizations manage their revenue cycle. With Akasa, hospitals are provided with Unified Automation services, which are flexible AI solutions used to simplify complex operational tasks related to revenue cycle management. 

Their Unified Automation system operates inside of the existing electronic health record (EHR) within hospitals and is used to help medical centers improve their efficiency and reduce errors pertaining to revenue.

5. Owkin

  • Location: New York, New York
  • Founders: Gilles Wainrib, Thomas Clozel
  • Founded In: 2016
  • Funding: Series B, $304.1 Million
  • Investors Include: Bristol Myers Squibb, Sanofi, Bpifrance

Owkin is a startup with an ambitious goal – to find the right treatment for every single patient out there, custom-tailored to their needs. Using AI technology, Owkin is working to develop treatments for unmet medical needs, including the fight against cancer. 

Using AI, they can identify brand new drug candidates, build diagnostic tools to improve the outcomes of patients, and accelerate clinical trials. They also have privacy features in place to secure proprietary data and keep patient information safe.

6. Babylon Health

  • Location: London, United Kingdom
  • Founders: Ali Parsa
  • Founded In: 2013
  • Funding: Post-IPO Equity, $1.1 Billion
  • Investors Include: AlbaCore Capital, AMF, Sectoral Asset Management

Babylon Health is a value-based care company that’s focused on making healthcare affordable and accessible to everyone on the planet. They are actively working to re-engineer the healthcare market worldwide and shift the focus from reactive healthcare to preventative healthcare. 

By focusing on prevention rather than reacting to ailments and problems an individual already possesses, they aim to reduce costs, improve the experience for everyone involved, and enhance the well-being of patients. Babylon Health is making its vision a reality by building a scalable, digital-first platform that gives users an end-to-end, fully integrated healthcare solution.

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7. Radiobotics

  • Location: Københoved, Denmark
  • Founders: Mads Jarner Brevadt, Martin Axelsen, Pavel Lisouski, Philippe Chanut, Stine Molgaard Sorensen
  • Founded In: 2017
  • Funding: Seed, $3 Million
  • Investors Include: Crista Galli Ventures, EIT Health, People Ventures

Radiobotics is a medical imaging startup that’s using AI to help doctors analyze the medical images they receive and detect subtle cues that the human eye would have difficulty detecting on its own. 

Experience doctors know exactly what to look for when it comes to diagnosing a patient through an x-ray, MRI, or other medical scans. Unfortunately, we don’t have these medical experts everywhere, which means medical imaging analysis varies by location. 

With the solution Radiobotics is developing, they hope to make medical imaging analysis scalable and accurate, no matter where in the world the patient resides.

8. HelloSelf

  • Location: London, United Kingdom
  • Founders: Charles Wells
  • Founded In: 2018
  • Funding: Series B, $31.3 Million
  • Investors Include: OMERS Ventures, Oxford Capital Partners, Manta Ray Ventures

HelloSelf is a health and wellness startup that gives its users access to therapists digitally. Using their platform, users can make changes to their lives, test those changes, and measure how they affect their minds. 

In essence, HelloSelf is a fully-featured therapist and coach, helping users make themselves better every day.

See more top mental health startups.

9. Overjet

  • Location: Cambridge, Massachusetts
  • Founders: Alexander Jelicich, Wardah Inam
  • Founded In: 2018
  • Funding: Series B, $77.4 Million
  • Investors Include: Insight Partners, General Catalyst, Crosslink Capital

Overjet is an AI healthcare startup in the dental industry working to improve the quality of dental care and reduce costs in the process. Using AI, they are able to analyze dental data and accurately diagnose and determine exactly what treatments are necessary for each particular patient. 

Humans are never perfect, and it’s not impossible for a dentist to overlook subtle signs in the dental data they’re looking at. Using an artificial intelligence solution, Overjet’s vision is to improve the consistency and quality of how dental data is analyzed and make it more accurate than anything a human could accomplish on their own.

10. Caption Health

  • Location: Brisbane, California
  • Founders: Charles Cadieu, Kilian Koepsell
  • Founded In: 2013
  • Funding: Acquired by GE Healthcare
  • Investors Include: DCVC, LDV Partners, Khosla Ventures

Caption Health is a healthcare startup that’s working to improve the accuracy and efficiency of how ultrasound exams are interpreted, all using AI. While doctors with experience can detect and diagnose what they see on ultrasound scans, machine learning can detect the smallest subtle signs that the human eye wouldn’t be able to detect on its own. 

Machine learning models are trained to examine ultrasound images and have the ability to determine what issues or ailments exist with pinpoint accuracy.

11. Recursion Pharmaceuticals

  • Location: Salt Lake City, Utah
  • Founders: Blake Borgeson, Chris Gibson, Dean Li
  • Founded In: 2013
  • Funding: Post-IPO Equity, $615.4 Million
  • Investors Include: Leaps by Bayer, Advantage Capital, Two Sigma Ventures

Recursion Pharmaceuticals is a clinical-stage biotechnology startup that’s working to decode biology and implement technological innovations across automation, data science, biology, chemistry, and engineering. 

Through their technology solutions, they are enhancing the lives of patients and on a path to industrializing drug discovery. In essence, Recursion Pharmaceuticals is a biotechnology company that’s operating and scaling just as a technology company would in order to make a maximum impact and change healthcare and pharma for the better. 

Recommended: Check out our full list of the top startups to watch!

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