About Layer Health
Layer Health is a company based in Cambridge (United States) founded in 2011 by Steven Horng and David Sontag.. Layer Health has raised $30.05 million across 2 funding rounds from investors including Define Ventures, Flare Capital Partners and Google Ventures. Layer Health offers products and services including AI Chart Review Platform and Enterprise LLM Platform. Layer Health operates in a competitive market with competitors including Iodine Software, Lifen, Nuance, Intellinetics and Ambience, among others.
- Headquarter Cambridge, United States
- Founders Steven Horng, David Sontag
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Sectors
Healthcare
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$30.05 M (USD)
in 2 rounds
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Latest Funding Round
$26.05 M (USD), Series A
Dec 20, 2024
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Investors
Define Ventures
& 5 more
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Employee Count
Employee Count
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Products & Services of Layer Health
Layer Health offers a comprehensive portfolio of products and services, including AI Chart Review Platform and Enterprise LLM Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for AI-driven medical chart analysis and clinical question answering
System for scalable chart review in healthcare applications
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Funding Insights of Layer Health
Layer Health has successfully raised a total of $30.05M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $26.05 million completed in December 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $26.0M
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First Round
First Round
(14 Nov 2023)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2024 | Amount | Series A - Layer Health | Valuation | Define Ventures | |
| Nov, 2023 | Amount | Seed - Layer Health | Valuation | Google Ventures , General Catalyst |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Layer Health
Layer Health has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Define Ventures, Flare Capital Partners and Google Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Define Ventures is focused on early-stage health tech investments.
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Founded Year | Domain | Location | |
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Early-stage tech startups are funded by this venture capital firm.
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Founded Year | Domain | Location | |
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Corporate backed venture capital fund investing in multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Layer Health
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Layer Health
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Layer Health Comparisons
Competitors of Layer Health
Layer Health operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Iodine Software, Lifen, Nuance, Intellinetics and Ambience, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-based clinical documentation integrity and revenue management solutions are provided.
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| domain | founded_year | HQ Location |
Medical documents are exchanged digitally through an online platform.
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| domain | founded_year | HQ Location |
Conversational AI solutions are provided for enterprise customer experiences.
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| domain | founded_year | HQ Location |
Document management and scanning services are provided for multiple sectors.
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| domain | founded_year | HQ Location |
AI-based medical scribe software is provided for healthcare providers.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Layer Health
Frequently Asked Questions about Layer Health
When was Layer Health founded?
Layer Health was founded in 2011 and raised its 1st funding round 12 years after it was founded.
Where is Layer Health located?
Layer Health is headquartered in Cambridge, United States. It is registered at Cambridge, Massachusetts, United States.
Who is the current CEO of Layer Health?
David Sontag is the current CEO of Layer Health. They have also founded this company.
Is Layer Health a funded company?
Layer Health is a funded company, having raised a total of $30.05M across 2 funding rounds to date. The company's 1st funding round was a Seed of $4M, raised on Nov 14, 2023.
What does Layer Health do?
Layer Health was founded in 2011 in Cambridge, United States, within the healthcare AI sector. Clinical documentation management software is provided to hospitals through its product, Distill, which employs large language models. Features encompass registry submissions, quality measurement, curation of real-world evidence, clinical document improvement, and revenue cycle management. Operations focus on supporting hospital workflows and data handling.
Who are the top competitors of Layer Health?
Layer Health's top competitors include Lifen, Iodine Software and Nuance.
What products or services does Layer Health offer?
Layer Health offers AI Chart Review Platform and Enterprise LLM Platform.
Who are Layer Health's investors?
Layer Health has 6 investors. Key investors include Define Ventures, Flare Capital Partners, Google Ventures, MultiCare Capital Partners, and General Catalyst.
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