Overview

Buoy Health provides a self-screening tool that helps users make informed health decisions. This digital triage tool allows individuals to assess their symptoms and determine the appropriate next steps for their health. It is designed to be user-friendly and accessible, catering to over 9 million users, including individuals, health plans, state governments, and healthcare institutions. Buoy Health differentiates itself from competitors by offering a customizable platform that can be integrated quickly into existing systems, often within 72 hours of contract signing. The company updates its medical guidelines daily to ensure users receive the most current information, particularly during critical times like the COVID-19 pandemic. The goal of Buoy Health is to provide reliable health information and reduce the strain on healthcare resources by offering scalable solutions for health risk assessment.

Simplify's Take

What believers are saying

• Increased telehealth demand post-COVID-19 boosts Buoy Health's user base and partnerships.
• AI healthcare market growth offers opportunities to enhance Buoy's AI-powered platform.
• Focus on mental health in workplaces allows Buoy to expand its offerings.

What critics are saying

• Competition from similar digital health platforms may dilute Buoy Health's market share.
• Continuous updates needed due to rapid AI advancements could be costly.
• Data privacy concerns may arise as Buoy expands partnerships with health plans.

What makes Buoy Health unique

• Buoy Health offers a personalized all-in-one platform for health guidance.
• The platform integrates AI to provide real-time, reliable health information.
• Buoy Health customizes solutions for large organizations, enhancing scalability and integration.

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Funding

Total Funding

$81.5M

Below

Industry Average

Funded Over

6 Rounds

$37,500,000

Series C

Nov 2020

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.

Series C Funding Comparison

Below Average

Industry standards

Ind Avg. $50M

$16M

$37.5M

$40M

$50M

$62M

$100M

View all funding stages