News

Fabric Raises $60M to Automate Healthcare with AI-powered Care Enablement System

February 21, 2024


What You Should Know:

Fabric, a leading care enablement platform developer, announced today a $60 million Series A funding round led by General Catalyst, with continued participation from Thrive Capital, GV (Google Ventures), and other notable investors.

– The funding will be used to fuel Fabric’s mission to humanize healthcare by automating administrative and clinical tasks, empowering both patients and clinicians.

Addressing Crisis-Level Clinician Burnout

With provider burnout at an all-time high and a projected physician shortage exceeding 100,000 in the next decade, the healthcare system faces immense challenges. Fabric tackles these issues head-on by:

– Improving clinical capacity: AI helps identify patient symptoms and direct them to the right care setting, optimizing resource allocation.

– Increasing access to care: Streamlined workflows free up clinician time, allowing them to see more patients.


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