Seattle-based Kevala, a startup that helps healthcare services discover and handle employees, has been acquired by Residex, a Denver firm that additionally makes use of AI to handle information and extra for senior residing communities.
Phrases of the deal weren’t shared in a information launch on Monday.
Kevala was spun out of Seattle’s Pioneer Sq. Labs in 2020. The corporate raised $4 million in January 2021 and one other $12.1 million in February 2022.
Co-founder and CEO Todd Owens beforehand led staffing firm TalentWise, which was acquired by Sterling Expertise Options; was CEO at Appuri (acquired by DocuSign); and was CEO at Azuqua (acquired by Okta).
In keeping with Residex, the acquisition will strengthen the corporate’s place within the senior care expertise market by including staffing optimization to platform.
Residex makes use of AI to assist handle resident well being information, remedy administration, care planning, assessments, and medical documentation. Kevala’s software program, referred to as Quin, permits healthcare services to schedule employees, set up the labor pool and observe caregiver credentials.
“This acquisition validates our imaginative and prescient of utilizing AI to unravel the trade’s most urgent operational problem of making certain topline workforce administration,” Owens stated in a press release. By combining Quin’s workforce intelligence with Residex’s medical experience, we’re creating a strong ecosystem that in the end enhances the standard of life for residents.”
In a publish on LinkedIn, Owens referred to as it a “wild” 5 startup years, citing the outbreak of COVID-19, big fluctuations within the healthcare labor market, and the “market need to leverage AI and automation to enhance care supply.”
As of April of this yr, Kevala employed 28 individuals and had raised $21 million.
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- Tech Vets: Kevala CEO Todd Owens leads startup very like he navigated his position on Navy submarine
- Kevala lands $12.1M to handle employee shortages for healthcare firms
