Seattle based Outbound AI, a company that provides AI-powered virtual agents that perform administrative tasks, announced that it has been selected to participate in Microsoft’s invite-only Pegasus program.
Outbound AI is a conversational AI tool for healthcare with a 24/7 virtual agent focused on revenue cycle aspects such as eligibility and benefits verification, claim status, and pre-authorization. This platform leverages Outbound’s proprietary C.onversational AI Cloud, hosted on Microsoft’s Azure.
Pegasus supports startups that have demonstrated product-market fit and scaling by providing cloud resources and mentoring services. The program is only available to companies that are building platforms using the tech giant’s technology and those involved in the Microsoft for Startups Founders Hub.
“Being invited to join the Microsoft for Startups Pegasus program is not only a tremendous honor, but also a validation of the work we are doing and the value we are creating. We look forward to further advancing all aspects of the company’s go-to-market efforts, leveraging the expertise, guidance and support of the Microsoft team,” said Stead Burwell, Founder and CEO of Outbound AI. said in a statement.
Last year, Outbound AI received the following scores: Seed funding is $16 million.
Mr Burwell said at the time: Mobi Health News The company plans to use the funding to accelerate sales and marketing efforts, evaluate new use cases for technology in administrative operations, and launch new programs with new partners.
Another conversational AI platform is Hyro provides healthcare providers with a call center that uses AI assistants to have automated conversations with patients. Hyro also has his GPT-powered assistant called Spot, which provides explainability about AI output.
In May, Hailo announced a funding round. Series B funding led by Macquarie Capital amounted to $20 million, bringing the total amount raised to $35 million.