Press Release: GYANT Closes $13.6 Million Series A Funding Round Led by Wing Venture Capital – GYANT

Investment will enable GYANT to scale up its product development to meet rapidly increasing market demand and support its exponential customer growth

San Francisco, CA, July 15, 2020 – GYANT[1], the care navigation company, today announced the close of a $13.6 million Series A financing round led by Wing Venture Capital. Wing VC is joined by Intermountain Ventures and existing investors Grazia Equity, Alpana Ventures, Techstars Ventures and Plug and Play Ventures.

Demand for GYANT’s AI-enabled Front Door solution skyrocketed this year, and was further accelerated[2] by COVID-19. The pandemic forced rapid, widespread adoption[3] of digital access. The digital health market is valued at over $106 billion and expected to grow[4] significantly as providers innovate to meet the demands of healthcare consumerization. Delivering on this need, GYANT’s financing follows a period of remarkable growth, having expanded from 3 customers in July 2019 to 24 customers in July 2020.

The financing will enable GYANT to continue providing best in class support and services for its fast-growing and high-profile customer base, including Intermountain Healthcare and Geisinger. In addition, GYANT will advance technology and interoperability to deliver the most user friendly and personalized digital care navigation assistant on the market.

“We are thrilled by the support of ambitious, successful investors who see the disruptive potential of AI in healthcare,” said Stefan Behrens, co-founder and chief executive officer, GYANT. “The need for digital access and care navigation has never been greater, especially with healthcare inequities and disparities in the spotlight today. This is the time for GYANT to continue growing and realize our vision of personalized patient experiences with digital navigation to the right, best possible care.”

Patient expectations for a convenient and seamless healthcare experience continue to grow. As a result, health systems face an increasing need for digital health tools that improve patient experiences while optimizing workflow and reducing costs. GYANT’s technology keeps health systems ahead of these demands while lowering operational costs.

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