Updated: 6 days ago
The Austin-based robotics company brings its total investments raised to date to $50 million.
With the adoption of telehealth services, electronic health records, and robots, the healthcare industry is on the cusp of widespread change. However, those changes need to happen swiftly to relieve the extreme demands and pressures imposed on nurses, the backbone of the industry.
Nurses have experienced immense burnout in the past two years, with little signs of slowing down. According to a study from Incredible Health, 34% of nurses say they will quit their jobs by the end of this year.
One solvable factor of this burnout is giving nurses more time with patients. Research shows that nurses spend up to 30% of their time finding and gathering supplies like lab results, medicine, or anything else a patient may need.
Thanks to healthcare startup Diligent Robotics, more help is on the way.
More Money Means More Moxi
From 2018 to 2019, Diligent worked with four Texas health systems to test its innovation, Moxi, through a series of research trials. The trials proved Moxi's ability to integrate seamlessly into complex workflows and further displayed its commercial value.
When the pandemic hit in 2020, Moxi was ready to rock as the friendly helper saw its first commercial deployments. Diligent has seen massive success through Moxi's adoption in health systems, as feedback from nurses highlights areas where additional support is needed.
Throughout 2021, Moxi went nationwide. Diligent announced the successful implementation of its flagship product at Shannon Health Center in San Angelo, Mary Washington Healthcare in Virginia, and Cedars-Sinai in California.
Moxi saved nurses over 700,000 steps and 300 miles within the first eight weeks on the floor, translating to roughly 100 hours more time nurses spent with patients.
In unison with the support of its Series A investors, Diligent announced today it closed over $30 million in Series B funding.
"We are proud to have the full support of our past investors and welcome our new partners who joined during our Series B raise," Andrea Thomaz, Ph.D., co-founder of Diligent Robotics, said. "This new round of funding will help us scale the company to meet the incredible demand for our healthcare service robot. Thanks to the support of our investors and the Diligent team, we are focused on expanding automated support for clinical teams so nurses and clinicians can focus on tasks that matter most, patient care."
Tiger Global Management led the Series B funding. The investment firm focuses on private and public companies in the internet, software, consumer, and financial technology sectors. Diligent also maintains the support of existing investors, including True Ventures, DNX Venture, Ubiquity Ventures, E14 Fund, Next Coast Ventures, Boom Capital, and Gaingels, as well as additional commitments from new investors, including Cedars-Sinai Health Ventures.
"Robotic automation technology will be the key to optimizing efficiency and productivity in health care operations," Connie Lee, partner at Tiger Global, said. "As a leader in robotic technology, Diligent Robotics has been able to scale to meet demand while developing an impressive product that delivers tremendous value for its customers. We are excited to partner with Diligent Robotics as their positive impact on the healthcare system grows."
Looking for more information?
Contact Christy Warring (email@example.com) for additional information on Diligent Robotics.