Lumiata advances AI-powered health analytics with new funding

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In California, Lumiata, a provider of AI-powered health analytics for managing cost and risk, closed $11 million in new funding to accelerate Lumiata’s deployment of next-generation health analytics, enabling health plans, providers and self-insured employers to anticipate and ensure optimal care.

“With the appointment of Dilawar Syed as CEO, we have found not only an excellent and highly experienced leader, but also someone who knows how to build and grow enterprise products,” said Matt Downs, chairman of the Lumiata board of directors. “Syed has already hit the ground running since joining Lumiata.  In just a matter of weeks, he has led the company in securing this new round of funding and is firmly at the helm as Lumiata accelerates development of a new suite of predictive analytics products to support payers and risk-bearing entities.”

Lumiata’s models predict disease risk and certain chronic condition onset for over 20 million patient lives.