Carbyne Raises $20M in Funding
Friday, June 18, 2021 | Comments

Carbyne announced an additional $20 million raise that will advance its cloud-native platform's vigorous expansion into the emergency health services market.

Aimed at redefining emergency collaboration amid the public health crisis, Carbyne will be working closely with Global Medical Response (GMR), a private EMS provider in the United States, to develop advanced and widely applicable interactive communication solutions for the health and medical sectors, as well as to construct new dedicated domestic resources. This raise includes additional participation from Hanaco Venture Capital, Intercap Venture Capital, Elsted Capital and more.

The recent rapid growth of the U.S. emergency and health services markets has commanded the attention of even the White House, seen recently through the introduction of the American Rescue Plan which provides stimulus recovery funds to strengthen current infrastructure. The resulting heightened demand for Carbyne's solutions has propelled the company's expansion into verticals beyond public safety, with an immediate emphasis on today's most essential health-centric industries alongside traditional emergency agencies.

"We want to help drive the modernization of systems that communities rely on in emergencies,” said GMR CEO Randy Owen. “We believe that live, interactive solutions can not only bridge the intersection between human communications and technology but can have a real impact on patient care and patient outcomes. This past year has made it clear that health and medical services are most poised for new and innovative care solutions.”

With this new round of funding, Carbyne is introducing an instantly deployable platform for simple unified flow between callers, health-related call centers, first responders, nurses and hospitals, optimizing operational efficiency for better response time. To facilitate and scale the venture, Carbyne's Chief Technology Officer (CTO) and Co-Founder Alex Dizengof will relocate from Tel Aviv to the United States and grow a devoted North American research and development (R&D) center. At the same time, GMR’s Chief Operating Officer (COO) Edward Van Horne will join Carbyne's board of directors to provide national EMS expertise. These shifts will allow teams to work more closely with domestic partners and develop advanced systems for modern emergency collaboration.

"Carbyne has built the collaboration ecosystem that emergency and medical services have been waiting for,” Carbyne CEO and Co-Founder Amir Elichai. “Our cloud-based platforms have been designed to create live collaboration and interoperability allowing us the opportunity to expand into new areas. This new alliance with GMR brings to health services a new dimension of live call management between callers, emergency telecommunicators, agencies like EMS, nurses, hospitals and even insurance payers. This leap in emergency communication technology will save lives, immediately. It will help agencies collaborate better and share data and resources more efficiently - all with the end goal to better help callers in need.”

To date, Carbyne has raised a total of $73 million since its launch in 2015. The company's January 2021 funding directly supported product development and the growth of Carbyne's global workforce, and ultimately increased revenue by 70% in the first quarter. Carbyne expects this to triple by the end of the year.

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