[Funding News] NC-based Clarium Raises $10.5 Million in Funding

Clarium, Inc. the healthcare technology company revolutionizing hospital supply chain operations, has raised $10.5 million strategic funding round led by General Catalyst, with backing from Kaiser Permanente Ventures, Texas Medical Center Venture Fund, Yale New Haven Health, as well as existing investors AlleyCorp, 1984 Ventures, Alumni Ventures, and others. The funding takes Clarium’s total capital raised to date to $16M.

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Alongside the strategic financing, Clarium introduced Astra OS, its proprietary AI-powered workflow platform and data ecosystem. Astra OS, which was designed and built in collaboration with several leading health systems, empowers providers to optimize and automate their supply chain operations with insights to achieve millions of dollars in cost savings and productivity improvements annually.

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“Health systems have a transformational opportunity to reimagine their supply chains by partnering with Clarium,” said Steve Liou, Founder and CEO of Clarium. “Our AI-powered platform and data ecosystem, Astra OS, brings hospitals and providers to the cutting edge of technology and helps to dramatically optimize spend, enhance workforce productivity, and ultimately improve patient outcomes.”

With this funding, Clarium intends to keep hiring top people in the fields of data science, engineering, sales, product, and customer success in order to satisfy the demands of its expanding clientele. With the funding, the company plans to develop programs with more health systems and further integrate with its current partners, which include CommonSpirit, Yale New Haven Health, Geisinger, Ochsner Health, and Boston Children’s Hospital. In order to enhance Clarium’s software platform and applications, the company will also continue to invest in generative AI and large language model technologies, as well as expand and improve the product offerings on its platform.
 
“We’ve seen firsthand the need for tools to help healthcare executives create resilient supply chains. Clarium’s Astra OS is aiming to fill a market gap with its end-to-end enterprise platform for supply chain operations. Through deep integrations and the application of generative AI, we believe Clarium will drive a paradigm shift in supply chain efficiency. We’re excited to partner with Steve and the rest of the Clarium team on this next phase of growth as they scale across the country,” said Reva Nohria, partner at General Catalyst.

Astra OS is Clarium’s AI-powered workflow platform that brings together real-time data to improve visibility, collaboration, and resiliency across all departments and teams. On top of Astra OS is Clarium’s suite of workflow applications that deploy intelligent automation to hospitals, enhancing their productivity by proactively managing inventory and resolving supply disruptions (Disruption Monitor), automating substitute approvals (Substitute Manager), streamlining procedure card management (Card Optimizer), and more, with other applications in development.

About Clarium

Clarium founded in 2020 by Steve Liou, is building the next-gen supply chain platform that healthcare needs now. We proactively manage supply disruptions, identify substitutes, forecast surgical demand, optimize inventory planning and eliminate match exceptions ever-present in our volatile era. Our AI-enabled workflow and data tools are dramatically enhancing productivity for healthcare staff at forward-thinking institutions. All so they can focus exclusively on providing exceptional patient care.