Kaiser Permanente backs AI startup in $30M funding round

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Kaiser Permanente Ventures is among the investors in an AI startup focused on medication management.

The venture capital arm of the Oakland, Calif.-based health system participated in a $30 million series C funding round June 24 for Arine. The company plans to use the funding to expand into specialty pharmacy management and advance AI automation, according to a news release.

Arine supports health plans and risk-bearing providers with a medication optimization platform for value-based care. Venture capital firm Town Hall Ventures led the funding round.

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