Healthtech firm HiLabs raises $39-M from Eight Roads Ventures, others

Bengaluru- and US-based health data analysis company HiLabs has raised USD 39 million in Series B round led by Eight Roads Ventures and Denali Growth Partners, with participation from F-Prime Capital. The fundraise will support HiLabs' continued enhancement of the technology as well as recruitment and expansion of its product teams.While HiLabs is headquartered in the US, most of its about 150 employees are based out of Pune and Bangalore.Founded in 2014 by Amit Garg and Neel Butala, HiLabs has developed a platform called MCheck that aims to ingest, clean, and enrich healthcare information, resulting in significant reduction in healthcare organizations’ operational costs and improvement in patient outcomes.