Pharos, a hospital quality reporting platform founded in 2024, has raised $5 million in an oversubscribed seed round led by Felicis, with participation from General Catalyst, Moxxie and Y Combinator. The company automates clinical quality reporting by eliminating manual data abstraction from medical records. The platform automatically extracts process metrics to help hospitals identify failures that could lead to patient harm, including sepsis mortality rates and hospital-acquired infections. Founded by clinicians and AI researchers, Pharos enables hospitals to submit data to quality registries efficiently whilst freeing clinical staff from administrative tasks. The founding team includes CEO Felix Brann, formerly VP of Data Science at Vital, CTO Matthew Jones from M2X, and Dr Alex Clarke, who holds a PhD from Imperial College London.

Tech startups Pharos, Northflank, and Bluespine have announced VC funding. Pharos raised $8 million in a seed round co-led by Lightspeed Faction and Hack VC, aiming to enhance its blockchain protocol and develop Web3 infrastructure. Northflank secured $22.3 million, with Bain Capital Ventures leading a $16 million Series A. Bluespine raised $7.2 million in a seed round led by Team8 to further develop its AI-driven claims cost reduction platform.