Venture capital firm Bessemer Venture Partners (Bessemer) recently announced the launch of a $10 million seed stage fund for investment in artificial intelligence (AI) driven technologies in the health care industry. The fund, titled The Deep Health Seed Program, is being led by Stephen Kraus and Adam Fisher, both partners of the company.
The Deep Health Seed Program will invest $100,000 to $2 million in the companies that it selects, beginning with Subtle Medical, a company that creates AI applications for radiology images. The new program follows an earlier investment this year by Bessemer into Qventus, a company that uses AI and machine learning to create products that help health care organizations adapt and make the right decisions from complex data.
Founded in 1911, Bessemer Venture Partners is the oldest venture capital firm in the United States. The firm has $4.5 billion under management and invests globally, operating offices in Redwood City, San Francisco, New York City, Boston, Israel, and India.
This was reported by MedCity News on June 1, 2018.
Contact Information: Bessemer Venture Partners, 889 Winslow Street, Suite 500, Redwood City, California 94063; (650) 853-7000; Website: www.bvp.com