In a flurry of funding announcements, Infinitus Systems secured $51.5 million to automate medical calls, and TollBit secured $24 million to help publishers monetize the use of artificial intelligence (AI) content. Attendance also raised $14 million to power its sales conversation analytics. This investment demonstrates the market’s growing confidence in AI solutions that address specialized business challenges while maintaining accuracy and compliance guardrails.
Infinitus Systems secures $51.5 million for AI healthcare calling
Infinitus Systems raised $51.5 million in Series C funding led by Andreessen Horowitz as investors bet on the company’s AI technology to automate medical calls while maintaining strict guardrails against errors.
The San Francisco-based company, which has raised a total of $102.9 million, is making generally available FastTrack, an AI co-pilot that helps medical staff bypass automated telephone systems and hold times when contacting insurance companies. Announced.
The funding round, which includes Memorial Hermann Health System and existing investors Kleiner Perkins, Cortue and GV, comes as healthcare providers seek solutions to administrative bottlenecks. It was done.
“There is a huge opportunity to transform the way the healthcare ecosystem exchanges administrative data,” CEO Ankit Jain said in a news release. The company claims its AI can handle complex conversations that even the latest large-scale language models struggle with.
The company’s technology includes safeguards to prevent AI hallucinations, a common problem where AI systems generate false information. Infinitus says its solution is built on insights from more than 4 million medical calls and can navigate complex insurance verification and billing processes while maintaining HIPAA compliance.
According to the company, customers report a 10% increase in accuracy and a 50% increase in ROI compared to manual processes.
TollBit raises $24 million to help publishers monetize web content
TollBit, a startup building a marketplace between AI companies and publishers, raises $24 million in Series A funding led by Lightspeed as traditional media explores ways to use their content to profit from AI companies. raised dollars.
The New York-based company’s platform allows AI applications to directly pay publishers for content access, while providing publishers with tools to monitor AI bot traffic. The system uses tokens to track and approve each interaction, addressing growing tensions between news organizations and AI companies over the use of content.
Major publishers such as Time, Penske Media Corporation, and Adweek have joined the platform. AI news reader app Particle is one of the first clients to pay for content through this system.
“This market is growing very rapidly, and we feel both parties are working together to find mutually beneficial solutions,” CEO Olivia Joslin said in a news release. The platform aims to eliminate lengthy one-on-one negotiations between publishers and AI companies.
The funding round includes investment from Section 32 and industry veterans Jeff Dean and Manuel Bronstein and follows a $7 million seed round in March. The company says it has onboarded more than 200 publisher sites in an effort to standardize the licensing of AI content.
High profile AI sales platform raises $14 million
Attention, an AI startup that analyzes sales conversations, has raised $14 million in Series A funding led by Alven as companies look to automate sales processes and extract insights from customer interactions.
The New York-based company has seen its revenue increase tenfold this year. We use artificial intelligence to automatically record customer conversations in our CRM system and generate follow-up emails. Customers include Crunchbase, BambooHR, and Aircall, according to a Thursday (October 24) press release.
The platform aims to eliminate manual data entry and provide sales teams with actionable insights from customer conversations. The company plans to use the funding to expand its go-to-market team and strengthen its AI capabilities.
“Automating CRM input and follow-up email creation from customer conversations was just the beginning. There’s so much more you can do with these valuable interactions,” said CEO Anis Bennacer. .
Eniac, 645 Ventures, Aglae, Frst, and Liquid2 participated in this round. The company was founded by Bennaceur and Matthias Wickenburg, former competitors in the sales technology field.
More information: AI, AI Funding, AI Hallucinations, Artificial Intelligence, Featured, Fundraising, Healthcare, Infinitus Systems, Investments, News, Publishing, PYMNTS News, Technology, TollBit
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