Cedars-Sinai Health Ventures has invested in a $9.3 million funding round for an AI-powered startup that helps healthcare leaders select health IT vendors.
The venture capital arm of the Los Angeles-based health system joined the oversubscribed seed investment for Elion. The company plans to use the funding to expand its engineering, research and marketing teams. Over 60% of health systems have used its vendor marketplace, the startup said.
“Cedars-Sinai Health Ventures is excited to partner with Elion as they empower healthcare leaders with the insights they need to navigate an increasingly complex vendor landscape,” said Maureen Burgess, partner at Cedars-Sinai Health Ventures, in an Aug. 6 news release. “We believe Elion is poised to become a valuable tool for health tech intelligence — helping hospitals, investors and innovators make smarter, data-driven choices.”
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