Israeli-Founded K Health Raises $48M For AI-Powered Primary Care App

Israeli-founded AI-powered primary care platform K Health raised $48 million in a Series C funding round last week led by 14W, Comcast Ventures and Mangrove Capital Partners, with participation from Lerer Hippeau, BoxGroup and Max Ventures. This round brings K Health’s total amount raised to $97 million.

Founded in 2016 by former Wix CEO Allon Bloch, K Health leverages AI and anonymized reports to diagnose health issues. Relying on a unique database including physician notes, lab results, treatments, detailed medical histories, and prescriptions, the free, easy-to-use app provides accurate, data-driven information about users’ symptoms and health. The data was collected by Maccabi, Israel’s second-largest HMO, over a 20-year period.

K Health creates predictive models that enable people to “learn more about their health by comparing themselves to other people with similar characteristics such as gender, age, symptoms and medical history,” according to a Crunchbase report.

Users can also chat with a doctor for $19 a session or $39 per year for unlimited chats. The doctors can help diagnose, prescribe medication and order test labs, the company says. The company also offers mental health services and prescribed medication delivered to users for $29 per month.

K Health has offices in Tel Aviv and New York City. The app is available in all 50 US states and the chat option is currently available in 47, according to the Crunchbase report.

The US has no universal healthcare coverage and its health system is not uniform. Most Americans have private health insurance but it is very expensive.

“K uses technology to reduce barriers to quality primary care,” Bloch told Crunchbase. “Our users are able to get instant answers about their symptoms and chat with a doctor within minutes, all for 90 percent less than the cost of traditional primary care practices.”

“K was built by technologists and doctors because we felt frustrated with the ability to access relevant, personalized and affordable healthcare,” Bloch told Forbes in September when the company was listed as one of America’s 50 “most promising” artificial intelligence companies (alongside nine other Israeli-founded firms.)

K Health has some three million users and recently partnered with US insurance company Anthem (also an investor) “to provide access to its more than 40 million members,” Crunchbase reported.

Bloch said the “new funding will enable us to bring easy and affordable primary care to people in more languages and geographies.” K Health will first be making its app available in Spanish.

“We will also be expanding the scope of what our primary care platform can diagnose and treat to include more chronic condition management services, pediatrics, and more,” he added.