Microsoft CEO Satya Nadella invests in digital health startup Notable
Microsoft CEO Satya Nadella invested in Notable, a maker of patient scheduling tools, as part of the company's last funding round, Notable CEO Pranay Kapadia tells Axios.
Why it's the BFD: Microsoft is a quiet giant in health care that's begun placing internal — and now external — bets on a host of clinical tools.
- Microsoft recently launched physician-facing communication tools, forked over $19.7 billion to acquire Nuance, an AI-powered clinical documentation company, and unveiled Microsoft Cloud for Healthcare.
Context: Notable, based in San Mateo and founded in 2017, raised $127 million in Series B funding last fall with an undisclosed amount of support from Nadella.
- Public investors in the round included lead investor ICONIQ Capital plus additional backers Greylock Partners, F-Prime Capital and Oak HC/FT.
How it works: Notable hopes to eliminate call centers and cut costs spent on administrative work by letting patients schedule their own appointments; the AI-powered platform is also trained to send reminders and follow-ups.
What's next: "We are convinced the call center can be eliminated," Kapadia tells Erin.