Element5 has secured $30 million of funding in a Series B round. The round was led by Insight Partners.
The fresh capital will be deployed to accelerate the startup’s offerings and hire new talent in India to build a healthcare product.
The latest investment comes after Element5 raised $15 million in a Series A funding round in August 2021. The round was also led by Insight Partners. Maxwell Investment Partners and LLC also participated in the round.
Founded in 2019 by Joe Randesi, Eric Gordon, and Bhavani Raman, Element5 deploys artificial intelligence (AI) and robotic process automation (RPA) to offer SaaS-based automated workflows for home-health, hospice, senior living, skilled nursing and other related healthcare verticals.