Check out today’s featured companies who have recently raised a round of funding, and be sure to check out the full list of past healthcare IT fundings.
Senphonix Receives $200k Funding Through WearTech Applied Research Center
Partnership for Economic Innovation (PEI), a passionate collective of business and community leaders dedicated to accelerating Arizona’s economic opportunities, announces a $200,000 grant to Senphonix through the WearTech Applied Research Center. The funding supports a 12-month applied research and development initiative to bring the Tucson-based company’s flagship SleeveSense wearable mesh vitals sleeve and software platform for continuous patient monitoring to market.
“This funding from PEI’s WearTech Applied Research Center enables us to accelerate our path to commercialization,” said Mike Haldane, Co-Founder and Co-CEO at Senphonix. “By automating the process of collecting vital signs, we’re not only giving nurses back valuable time for direct patient care but also creating a continuous monitoring solution that can detect early warning signs that might otherwise be missed between manual checks.”
Senphonix’s SleeveSense technology automates vital sign collection through a comfortable, adhesive-free sleeve that patients can wear continuously for days, weeks, or months, including while exercising, bathing, and sleeping. The device monitors heart rate, respiration, temperature, and movement while wirelessly transmitting data to the Senphonix (Microsoft Azure) cloud, and then to the health system’s electronic health record. This innovation directly benefits nurses, who, according to a recent national study by MarketWise Advising, LLC, currently spend up to 20% of their shifts manually collecting and documenting vital signs.
SleeveSense combines flexible materials science with cloud-based analytics and EHR-integrated software to enable high-fidelity, remote monitoring for both inpatient and outpatient care. Unlike watches, rings, or adhesive patches, SleeveSense is designed for long-term comfort and clinical-grade accuracy, with wireless charging that eliminates the need to remove the device…
Originally announced October 20th, 2025.
KATALYST & Co. Healthcare Transformation Platform Launches with $10 Million in Funding
Kat Marie Alvarez, RN, MBA, a nationally recognized healthcare leader, today announced the launch of KATALYST & Co., an integrated platform that unites strategic advisory services, capital deployment, and global operational execution. The company begins operations with $10 million in funding to drive its mission of advancing healthcare transformation through innovation and accountability.
Alvarez, who founded the company’s now clinical division Katalyst Health in 2018, has spent decades leading change across the healthcare landscape. Her experience includes more than $5 billion in healthcare transactions, $2.7 billion in profit and loss responsibility, and the management of more than 12 million health plan members.
“Healthcare in the U.S. is at a crossroads,” said Alvarez. “I founded KATALYST & Co. to serve as a performance multiplier that helps providers, payers, sponsors, and tech innovators grow intelligently, deliver responsibly, and scale sustainably. With the $10 million initial round of funding, KATALYST & Co. is poised to shape the next era of healthcare, improving efficiency and innovation while honoring patients and those who care for them.”
Alvarez’s career spans leadership roles across major payers and providers, including executive positions as chief operating officer and chief strategy officer. Drawing on this extensive experience, KATALYST & Co. is uniquely positioned to build the next generation of care ecosystem…
Full release here, originally announced October 29th, 2025.
Honey Health Raises $7.8M to Automate Healthcare’s Back Office With Autonomous AI Agents
Honey Health, the all-in-one back office AI platform for healthcare organizations, today announced it has raised $7.8 million in seed funding led by Pelion Ventures, with participation from Streamlined, Burst Capital, and 8-Bit Capital. The company is deploying specialized AI agent teams that autonomously complete complex administrative workflows directly inside healthcare systems, automating the work that burdens nearly every care team across primary care and specialty settings.
Health systems and medical groups face unprecedented operational strain. Non-clinical staff turnover sits at 33-40% annually, while administrative workloads continue to rise. Traditional point solutions solve only fragments of the problem, require constant oversight, and rarely integrate well, leaving care teams stretched thin and patients waiting longer for care.
“Healthcare organizations are stuck between two broken models: point solutions that only solve narrow tasks and a constant struggle to hire and retain back-office staff,” said Matt Faustman, Co-Founder and CEO at Honey Health. “We’re offering something fundamentally different: AI agent teams that work autonomously in the background to complete entire workflows. Our customers wake up to finished work, not more tasks to manage.”
Since launching in December, Honey has partnered with over 100 medical groups and health systems. Customers report annual profit gains of $50,000 to $65,000 per provider, driven by reduced backfill costs for high-turnover roles and more efficient scaling. Organizations can now add revenue-generating providers without proportionally expanding their back-office teams…
Full release here, originally announced October 27th, 2025.
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