Their health systems had purchased AI solutions from other companies, outsourcing their say over their technology roadmap. As they expressed a desire to instead build solutions with a partner, Norden had to suppress the urge to start another company. Less than two years earlier, he’d sold his company Trustworthy AI to autonomous driving company Waymo.
Norden, a computer scientist and Stanford-trained physician, couldn’t fight the urge. Today, his company Qualified Health is announcing a $125 million Series B funding round, led by New Enterprise Associates with participation from Menlo Ventures’ Anthology Fund, which was created in partnership with AI company Anthropic, as well as Flare Capital Partners, Frist Cressey Ventures, and others. So far, the company has raised $155 million.
When Norden founded Qualified Health at the end of 2023, its vision of creating a single platform for building, operating, and monitoring the entirety of a health system’s AI was “pretty counter-mainstream,” he said, but the winds of AI in health care are starting to change. “We’re starting to see [our] investors telling us in this round, as they talk to potential customers as well, there’s some interest in health systems wanting to buy differently and wanting to go deeper with a partner,” he said.
Still, there are health systems that want Qualified to do just one thing for them, Norden told STAT. His message to them: They probably should find another vendor. The company’s long-term goal is to help health care systems get to the hundreds or thousands of AI tools that would be needed to totally transform health care, and to make implementing an AI solution e
