Infographic – Q3 Health Care A.I. Funding Soars

Click on image for full-size view (CB Insights)

31 October 2020. In the third quarter of 2020, worldwide investments in artificial intelligence applications in health care rose to a new high, $2.1 billion. Those findings appear in a new report from technology market research company CB Insights, State Of Healthcare Q3’20 (registration required), and in this weekend’s infographic.

In this group, CB Insights includes equity investments in companies developing products using A.I. in health care, as well as companies selling A.I. as a service in health care. Their tabulations show investors made 121 deals in July to September 2020, an increase of 38 percent over the the second quarter, raising $2.1 billion, a 37 percent gain. That amount is a new quarterly record for A.I. in health care, according to CB Insights, while the 121 deals comes close to the 125 deals recorded in the third quarter of 2019.

For the health care sector overall, CB Insights says third quarter investments worldwide also reached new record levels both in the 1,539 deals and $21.8 billion dollars raised. The report says investments in digital health technologies, which includes A.I., increased to a record-high $8.4 billion in 502 deals. Besides A.I., investments in telehealth companies also boomed in the third quarter, raising $2.8 billion in 162 deals. And investments in women’s health companies more than doubled in the third quarter from Q2 to $544 million in 68 deals.

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