Plenful Secures $50 Million Series B Funding to Expand AI Healthcare Platform

Plenful, a leading AI workflow automation platform in healthcare, has announced a significant boost with a $50 million Series B funding round. The round is co-led by Mitchell Rales, co-founder of Danaher Corporation, and Arena Holdings, with participation from Notable Capital, Bessemer Venture Partners, TQ Ventures, Susa/Kivu Ventures, and other leading investors. This funding brings Plenful's total funding to $76 million and aims to accelerate product development and market expansion to meet the increasing demand across the healthcare ecosystem. The platform aims to address the pressing need for change in healthcare operations, as the U.S. healthcare system spends nearly $1 trillion annually on administrative tasks.

Plenful's AI-driven platform aims to automate workflows, reduce errors, and streamline operations, providing real-time reporting and task management for healthcare staff. The company's client base, including leading healthcare organizations such as Medical University of South Carolina, Cencora, Renown Health, Shields Healthcare Group, and Samaritan Health, attests to the platform's ability to decrease time and costs, drive compliance, and unlock new revenue.

With the new funding, Plenful plans to expand its platform to address more unmet needs across healthcare, including pharmacy, health systems, provider groups, and payor markets, where it has already gained strong traction. The company's exceptional growth and impact have garnered support and praise from industry leaders and investors, positioning it as a key player driving transformation in the healthcare sector.