Megan Harper
Plenful, a San Francisco-based AI workflow automation platform modernizing healthcare operations, has raised $50 million in a Series B funding round. The round was co-led by Mitchell Rales, co-founder of Danaher Corporation, and Arena Holdings, with participation from Notable Capital, Bessemer Venture Partners, TQ Ventures, Susa/Kivu Ventures, and other investors.
Founded by Joy Liu, Plenful aims to alleviate administrative inefficiencies in healthcare by automating high-volume, critical workflows such as prior authorizations, 340B compliance audits, and order and referral data entry. The platform enables healthcare organizations to redeploy staff to more meaningful tasks, enhancing efficiency and reducing burnout.
With this new funding, Plenful plans to accelerate product development, expand its go-to-market initiatives, and meet the growing demand across the healthcare sector. The company currently serves over 60 customers, including leading healthcare organizations like the Medical University of South Carolina (MUSC), Cencora, Renown Health, Shields Healthcare Group, and Samaritan Health.
Key Details
- Company: Plenful
- Funding: $50M Series B
- Headquarters: San Francisco, CA
- Investors: Mitchell Rales, Arena Holdings, Notable Capital, Bessemer Venture Partners, TQ Ventures, Susa/Kivu Ventures
- Use Case: AI-powered workflow automation for healthcare operations
