Home Tech Clinical AI Technology Leader Mendel Raises $18M in New Capital

Clinical AI Technology Leader Mendel Raises $18M in New Capital

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SAN JOSE, Calif.–()–Today, Mendel, the company behind the clinical AI platform that understands the unstructured, natural language content within medical documents, announced it has raised $18 million in Series A funding. The oversubscribed round was led by DCM, a global venture capital firm, with participation from OliveTree, Zola Global Investors and Millennium Technology Value Partners. Return investors include Launch Capital, SOSV, Bootstrap Labs and Chairman of UCSF Health Hub Mark Goldstein. Olive Tree Managing Partner, Nichola Eliovits, will join the board.

The capital will help the company rapidly grow its business and sales team to keep up with the explosive demand for clinical AI technologies by healthcare organizations over the last year. Mendel will make global, strategic hires across sales, business development, communications and human resources to expand headcount in its San Jose and Cairo, Egypt offices 4X by…

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