Last week on the lakefront, a handful of tech players announced new growth moves. An investment firm secured its first fund and a digital transformation consultancy launched new products. Check out what else is new with the Built In Chicago Weekly Refresh.
Raft pulled in $30M. The company works alongside freight logistics businesses, providing them with solutions for incorporating artificial intelligence into their tasks and customer interactions. Eight Roads VC led the company’s round of Series B capital, which it plans to invest in ramping up the development and deployment of its core products, improving data collaboration and deepening its market reach. [TheLoadStar]
Chicago Tech Quote of the Week
“Generative AI has the potential to revolutionize healthcare, and we’re excited to be at the forefront of this transformation. Our new suite of solutions and services enables healthcare organizations to maximize efficiency, enable self-service patient engagement, and improve care coordination, ultimately leading to better patient outcomes and significant cost savings.”— Raheel Retiwalla, Productive Edge’s chief strategy officer
Productive Edge launched new tools. Consultancy and software company Productive Edge works to help businesses in spaces like healthcare through their digital transformations. The company announced the launch of its newest suite of products—a generative-AI powered toolset for tasks like reviewing prior authorization requirements, engaging with health plan members and automating patient marketing content. [Accesswire]
Distributed Ventures closed a $100M fund. The investment firm aims to help founders demonstrate product-market fit and fuel commercial traction across diverse distribution channels. Its inaugural fund came from a group of insurance carriers, brokerages, executives and others. The capital will go toward seed and Series A investments in insurtech, fintech and digital health startups working to reduce risk in their respective industries. [FinSMEs]
