Healthcare data platform HiLabs secures $39 million from Eight Roads, others

Healthcare-based data intelligence platform HiLabs has raised $39 million as part of its latest funding round led by Eight Roads Ventures and Denali Growth Partners.

Eight Roads’ US-based sister fund, F-Prime Capital, also participated in the round.

The company will use the funds to enhance its technology offerings and expand its product team.


Founded in 2014, HiLabs provides a cloud-based platform MCheck, which ingests and cleans data for healthcare organisations, while helping them reduce operational costs and improve patient outcomes.

"We stand poised to propel our AI (artificial intelligence) technology forward, empowering healthcare organisations to make swift, informed decisions based on data that's not just clean, but readily available when it matters most," said Amit Garg, cofounder and chief executive of HiLabs.

The Maryland-headquartered startup has its research and development hubs in Pune and Bengaluru, housing almost 150 individuals.

“While many discuss the potential of AI, particularly in the healthcare ecosystem, HiLabs is demonstrating real world impact by leveraging advanced AI techniques to ingest and cleanse data," said Jesse Lane, founder and managing member of Denali Growth Partners.

In May 2022, Eight Roads launched its first dedicated $250 million healthcare and life sciences fund for India. It has backed the likes of e-pharmacy PharmEasy, oral solutions provider Toothsi, and diagnostics service provider Core Diagnostics, among others.