Claure Bets on AI Startup K Health at $900 Million Valuation

-- K Health, an artificial intelligence company that provides a chatbot to patients before they speak with primary care-focused physicians, raised $50 million in an equity funding round led by Marcelo Claure’s Claure Group, Chief Executive Officer Allon Bloch said in an interview.Royalty Pharma Plc founder Pablo Legorreta, and existing investors Mangrove Capital Partners, Valor Equity Partners and Atreides Management LP also participated.

Former SoftBank Group Corp. executive Claure is co-chair of an advisory council for Harvard’s Digital Data Design Institute, a group established to “oversee the reinvention of the future of AI-driven and digital businesses.” While researching areas where AI may have a relatively immediate effect, health-care took the top spot, he said in an interview.

The company isn’t yet profitable, but is projected to be by next year, Bloch said, adding that he’d like K Health to pursue a future initial public offering, though no timing has been finalized. Patients are also skeptical of doctors’ use of AI. Some 60% of adults said they would feel uncomfortable if their doctor relied on AI to make their diagnosis, according to a 2023 Pew Research Center survey.

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Claure Bets on AI Startup K Health at $900 Million ValuationK Health, an artificial intelligence company that provides a chatbot to patients before they speak with primary care-focused physicians, raised $50 million in an equity funding round led by Marcelo Claure’s Claure Group, Chief Executive Officer Allon Bloch said in an interview.
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