- Companies
- Qualified Health
Qualified Health Funding, Investors & Competitors
Qualified Health has raised $155M across 2 funding rounds, most recently a $125M Series B in March 2026.
Last Qualified Health funding round
$125M
Series B · Mar 2026
Cumulative funding Qualified Health raised
$155M
across 2 funding rounds
Key investors in Qualified Health
SignalFire
Flare Capital Partners
Frist Cressey Ventures
Town Hall Ventures
Intermountain Ventures
Healthier Capital
New Enterprise Associates
Cathay Innovation
About Qualified Health
Qualified Health is a provider of AI governance infrastructure for generative models in healthcare. Its platform monitors algorithm performance, enforces compliance, and builds domain-specific agents for diagnostics and administration. Qualified Health collaborates with major U.S. health systems on secure deployments. New York-based, the company addresses regulatory needs under HIPAA and FDA guidelines for clinical AI applications.
Founded
2023
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Qualified Health Funding History
Qualified Health has raised a total of $155M across 2 funding rounds.
Qualified Health's first fundraising round was a $30M seed round in January 2025. The most recent completed round was a $125M Series B in March 2026.
Qualified Health funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Mar 2026 | Series B | New Enterprise Associates (lead); GreatPoint Ventures; Frist Cressey Ventures; Town Hall Ventures; SignalFire; Flare Capital Partners; Anthology Fund; Healthier Capital; Transformation Capital; Cathay Innovation; Intermountain Ventures | $125M | - |
| Jan 2025 | Seed | Frist Cressey Ventures (lead); Healthier Capital (lead); SignalFire (lead); Town Hall Ventures (lead); Flare Capital Partners; Varsha Rao; Justin Kan; Frank Williams; Intermountain Ventures; Bill Veghte | $30M | Qualified Health, a public benefit corporation based in Palo Alto, California, launched in January 2025 with $30 million in seed funding to build infrastructure for generative AI in healthcare. The platform provides healthcare organizations with tools for enforceable governance including role-based access controls, risk alerts, data privacy protections, and safeguards against AI hallucinations; healthcare agent creation for workflow automation; and post-deployment monitoring with observability, human-in-the-loop evaluations, and escalation protocols. Major investors include SignalFire, Healthier Capital, Town Hall Ventures, and Frist Cressey Ventures as leads, plus Intermountain Ventures, Flare Capital Partners, and angels such as Frank Williams (Evolent founder), Justin Kan (Twitch founder), Bill Veghte (former Microsoft/HP EVP), and Varsha Rao. The funding will support hiring an engineering team of ML/AI talent to develop enterprise software for health systems, focusing on data management and AI orchestration rather than training new models. CEO Justin Norden emphasized the platform's role in bridging generative AI's potential with healthcare's needs for reliability, transparency, and safety amid provider overload and rising costs. Investors like Navid Farzad of Frist Cressey Ventures highlighted its unique governance approach enabling control and innovation, while Amir Dan Rubin of Healthier Capital positioned it as a cornerstone for safe AI deployment across the ecosystem. The company targets health systems deploying AI agents for cost savings, revenue generation, and care quality improvements, with tools to scale deployments, track ROI, and ensure compliance. In a company blog, Qualified Health analyzed AI's potential for a hypothetical $2B net patient service revenue (NPSR) health system, projecting 8-15% sustained margin improvement within 3-5 years—equating to a $100M run-rate margin lift and 5x+ ROI by 2028—based on 2023 analyses, proprietary benchmarks from 10+ health systems, and client data on workflow automation. This underscores the market need amid $1 trillion in expected U.S. government healthcare funding cuts through 2034. The healthcare AI market is projected to reach $164.16 billion by 2030, with providers increasingly adopting solutions for operational pain points like documentation and revenue cycle management. |
Who has invested in Qualified Health?
15 investors have backed Qualified Health across its funding rounds, including SignalFire, Flare Capital Partners, Frist Cressey Ventures, Town Hall Ventures, Intermountain Ventures and Healthier Capital.
Lead investors include New Enterprise Associates, Frist Cressey Ventures, Healthier Capital, SignalFire and Town Hall Ventures.
Qualified Health Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Jan 2025 | ||
| 2 | Lead | Jan 2025 | ||
| 2 | Lead | Jan 2025 | ||
| 2 | Participant | Jan 2025 | ||
| 2 | Lead | Jan 2025 | ||
| 2 | Participant | Jan 2025 | ||
| 1 | Participant | Mar 2026 | ||
| 1 | Lead | Mar 2026 | ||
| 1 | Participant | Jan 2025 | ||
| 1 | Participant | Jan 2025 | ||
| 1 | Participant | Mar 2026 | ||
| 1 | Participant | Jan 2025 | ||
| 1 | Participant | Mar 2026 | ||
This data is available for Pro users. Sign up to see all 15 Qualified Health investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialQualified Health Competitors
Qualified Health competitors include listed companies like Tempus AI, IQVIA and ICON plc, and private ones like Commure, Abridge and EliseAI.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $200M | - | $7B | 35.0x | ||
| Private | $117M | - | $5.3B | 45.3x | ||
| Private | $100M | - | $2.2B | 22.0x | ||
| Publicly listed | $1.3B | ($131M) | $15B | 10.1x | ||
| Publicly listed | $16B | $3.4B | $44B | 3.4x | ||
| Publicly listed | $8.3B | $816M | $13B | 1.9x |
Qualified Health Public Comps
Qualified Health is still privately-owned, but its public comps include CrowdStrike, SAP, Salesforce, ServiceNow, Snowflake, Adobe, Datadog, Moody's, Nebius Group and Workday.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $4.8B | ($12M) | 51.4x | 44.5x | (19816.2x) | 151.0x | |||
| $42B | $13B | 5.8x | 5.4x | 18.4x | 17.1x | |||
| $42B | $13B | 5.5x | 5.2x | 17.8x | 12.2x | |||
| $13B | $2.6B | 11.1x | 9.6x | 57.2x | 25.0x | |||
| $4.7B | ($1.3B) | 25.6x | 21.0x | (94.1x) | 121.7x | |||
| $24B | $9.3B | 4.3x | 3.9x | 10.9x | 8.2x | |||
| $3.4B | ($588K) | 23.6x | 19.4x | (137813.0x) | 77.6x | |||
| $7.7B | $3.8B | 11.2x | 10.6x | 22.5x | 20.1x | |||
This data is available for Pro users. Sign up to see all Qualified Health competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Qualified Health
| When was Qualified Health founded? | Qualified Health was founded in 2023. |
| Where is Qualified Health headquartered? | Qualified Health is headquartered in San Francisco, CA, United States. |
| Is Qualified Health publicly listed? | No, Qualified Health is a private, VC-backed company. |
| How much funding has Qualified Health raised? | Qualified Health has raised $155M across 2 funding rounds. |
| What was Qualified Health's last funding round? | Qualified Health's last funding round was a $125M Series B in March 2026, led by New Enterprise Associates. |
| Who are Qualified Health's investors? | Qualified Health's investors include Frist Cressey Ventures, Town Hall Ventures, SignalFire, Flare Capital Partners, Healthier Capital, Intermountain Ventures, GreatPoint Ventures, New Enterprise Associates, Varsha Rao, Justin Kan and 5 others. |
| Which companies are comparable to Qualified Health? | Companies comparable to Qualified Health include Commure, Abridge, EliseAI, Tempus AI, IQVIA and ICON plc. |
See companies similar to Qualified Health
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




