Kontakt.io, an analytics company focusing on the inpatient healthcare journey, announced it secured $47.5 million in a Series C funding round led by Growth Equity at Goldman Sachs Asset Management (Goldman Sachs). 

Christian Resch, partner at Goldman Sachs, will join the company’s board of directors. 

WHAT IT DOES

Kontakt.io uses AI and real-time Internet of Things (IoT) to garner insights into how a patient moves through the care delivery process. It offers an AI cloud that collects real-time data about clinical spaces, assets and people to analyze the patient’s journey from intake to discharge.  

The company touts that its offerings can uncover waste and optimize workflows by garnering information on operational demands and human needs for staff and patients. 

The Series C funds will be used to expand the company’s reach worldwide and advance its AI-enabled IoT offerings.

“Philipp von Gilsa and his team have built a world-class solution and demonstrated their ability to serve some of the world’s most demanding customers year after year. We see enormous potential in Kontakt.io and are thrilled to help further accelerate Kontakt.io’s expansion and enhance its product offerings,” Resch said in a statement. 

MARKET SNAPSHOT

Dr. David Shulkin, the former U.S. Secretary of Veterans Affairs, joined Kontakt.io’s healthcare advisory board last year. 

Shulkin has worked at the higher echelons of the private healthcare sector, being appointed by President Obama as undersecretary for health at the U.S. Department of Veterans Affairs in 2015, and two years later, was confirmed as the ninth secretary of the Department of Veterans Affairs under President Trump. 

In 2022, the company received €12 Million ($12.74 million) from the European Investment Bank to support the indoor spatial intelligence company’s expansion.