Layer Health, an AI-enabled chart review company, has secured $21 million in Series A funding. The round was led by Define Ventures, with contributions from GV, Flare Capital Partners, and MultiCare Capital Partners. The company’s AI platform utilizes machine learning algorithms and large language models to enhance the efficiency of chart reviews from unstructured data. Layer Health claims its AI outperforms humans in complex chart abstraction and supports all major registries, including cardiovascular, oncology, and national surgery registries. The technology integrates into existing systems, aiding in quality measurement, real-world evidence curation, revenue cycle management, and registry submissions without needing labeled data. The investment will help Layer Health scale its AI platform and expand its workforce. Launched in 2023 with $4 million in initial funding, Layer Health has also partnered with the American Cancer Society to accelerate cancer research using its LLM-powered data abstraction platform on thousands of medical charts.
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