New York-based Trovo Health, which uses AI to help physicians expand their practice, emerged from stealth with announcement of a $15 million funding round led by Oak HC/FT.
The duo of Niren Gandra, M.D., and Aditya Pandyaram, an engineer, cofounded Trovo earlier this year. The two worked together at Cedar, which built an advanced personalization platform to improve healthcare experience.
New Efficiencies
Gandhra received an M.D. degree from the Boston University School of Medicine. Previously he earned a B.A. degree from Boston University. Pandyaram has a B.S. degree in electrical and electronics engineering from the University of Illinois Urbana-Champaign.
Trovo says its platform helps physicians add new capabilities and practices, and improve patient outcomes. It also claims new operational efficiencies in the healthcare system by streamlining complex tasks.
“Adding new practice capabilities, both internal and patient facing, has always been a challenge for practices,” said Gandra, a former McKinsey executive who serves as Trovo’s CEO. “By combining specialty-specific AI with expert clinical team members, we can help providers tackle historically difficult problems with a click of a button.”
Trovo says its staff includes former employees of tech majors such as Microsoft and Meta, and healthcare firms like Penn Medicine and Boston Medical Center.
Trovo Gets Board Seat
Together with the funding, Trovo named Andrew Adams, co-founder and managing partner at Oak HC/FT, to its board.
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Adams said Trovo’s platform introduces an innovative solution for the “most challenging problems” in care delivery and operations.
“Trovo’s approach is exciting because they are combining cutting edge technology with the expertise of a medical group,” said Vig Chandramouli, partner at Oak HC/FT. “Trovo has the ability to support customers across multiple use cases with a singular platform and completely handle complicated workflows, rather than offer a piecemeal solution.”
Founded in 2014, Stamford, Conn.-based Oak HC/FT focuses on investing in fintech and healthcare. The firm has invested in over 85 portfolio companies, of which 35 are valued at over $1 billion each. Oak HC/FT has over $5.3 billion in assets under management.
