Arine raises $30M in Series C funding led by Town Hall Ventures and Kaiser Permanente Ventures, bringing total funding to $66M.
The funding will help Arine redefine medication management in healthcare to address financial and regulatory challenges.
Medications are crucial for improving outcomes and controlling costs in healthcare, and Arine's AI platform aims to deliver personalized and cost-effective medication therapy.
Arine's AI platform identifies individuals for intervention, recommends effective therapies, and measures impact, resulting in over 10% cost savings and 40% reduction in hospitalizations for clients.
The company has achieved over 100% growth in the last year with an 80% average contract expansion with existing clients.
Arine plans to expand its specialty pharmacy management capabilities, automate tasks through AI innovation, and personalize medication therapy further with comprehensive data integration.