I'm excited to share that Birth Model has closed a $500,000 Pre-Seed round from the Everest II Trust Fund. This follow-on investment from our original angel investor demonstrates continued confidence in our progress and positions us for significant growth in 2024.
Building on Momentum
Since our initial angel round in March 2023, Birth Model has made remarkable progress. We've refined our AI models, secured our first hospital partnerships, and proven that our technology can meaningfully improve L&D operations. The Everest II Trust Fund's decision to increase their investment validates our execution and market opportunity.
This pre-seed round brings our total funding to $700,000, providing the capital we need to accelerate product development and expand our customer base.
What We've Accomplished
The past ten months have been transformative for Birth Model:
- Product-market fit: Our AI predictions are demonstrating real accuracy in clinical settings
- First paying customers: Health systems are investing in our platform
- Technical milestones: EHR integrations, mobile apps, and our Motherboard visualization tool
- Team growth: Key hires in engineering and clinical operations
Deployment of Funds
This investment will fuel our next phase of growth:
- Engineering expansion: Accelerating platform development and AI model improvements
- Sales infrastructure: Building the team to capture growing hospital demand
- Compliance and security: Achieving SOC 2 certification and strengthening HIPAA compliance
- Clinical partnerships: Expanding our research collaborations for outcomes validation
The Market Opportunity
Labor & Delivery represents one of healthcare's largest operational challenges. With over 3.6 million births annually in the U.S. alone, hospitals desperately need technology that brings predictability to their most unpredictable departments.
The problems we solve—staffing inefficiency, documentation burden, risk identification—cost health systems millions annually while contributing to clinician burnout. Birth Model's AI addresses all of these challenges through a single, integrated platform.
Looking Forward
2024 is shaping up to be a pivotal year for Birth Model. With this funding secured, we're focused on proving our value at scale and positioning ourselves for institutional investment. The maternal healthcare space is ready for transformation, and we're leading the charge.
"This follow-on investment is a testament to the progress our team has made. We're grateful for the continued support and more motivated than ever to deliver on our mission."