Fundraising Fox

Carta Healthcare

Pittsburgh, US · Founded 2017 · 131 employees on LinkedIn · 17 known investors

Unable to determine company information; page contains only placeholder Lorem ipsum text.

Also known as Carta Healthcare®

Founders & leadership

Carta Healthcare was founded in 2017 by Gilan El Saadawi.

GE
Gilan El SaadawiFounder
BCBetsy Castillo
Betsy CastilloinHead of Clinical Data Abstraction
MF
Michael FinkeNamed on SEC filing
BB
Brenton BurnsNamed on SEC filing
SS
Scot StevensNamed on SEC filing
AB
Aaron BrauserNamed on SEC filing

Investors · 17

Also in the syndicate · 7

American College of CardiologyMass General BrighamMass General Brigham VenturesMaverick Ventures Investment FundMemorial Hermann Health SystemParamark VenturesTampa General Hospital Ventures

Reported raises · per SEC filings

Form D private placements

$1.3M disclosed across 1 of 4 rounds · 2021–2025

$1.3MraisedJul 2023 · 2 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Michael FinkeDirector
  • Brenton BurnsDirector
  • Scot StevensDirector
  • Aaron BrauserExecutive Officer, Director, Promoter
  • Gilan El SaadawiExecutive Officer, Director, Promoter
Offering amount
$4M
Amount sold
$1.3M
First sale
Jun 2023
Incorporated
Corporation, Delaware, 2020
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Carta Healthcare is a San Francisco-based company that automates clinical data abstraction and analytics for hospitals, health systems and life sciences organizations. Its approach, which the company calls "Hybrid Intelligence," pairs artificial intelligence and machine learning with a team of clinical experts, on the premise that registry-grade data requires clinician oversight rather than fully autonomous automation. The company's products include Voyager, a clinician-trained AI data platform; Lighthouse, an AI assistant that answers registry questions during abstraction; Harbor, which supports research through data analysis and cohort selection for clinical-trial patient matching; and Navigator, which converts clinical data and real-world evidence into operational insights. Carta Healthcare also sells expert clinical data abstraction as a professional service, offered as full outsourcing or staff augmentation.

The company reports a staff of more than 300 expert abstractors and states results including cost reductions of 50% or more, abstraction time reductions of up to 66%, inter-rater reliability scores of 98–99%, and 100% customer retention. Named customers and partners referenced in company and press materials include Stanford University Medical Center, CommonSpirit, UCSF, Mass General Brigham, Memorial Hermann Health System, Northern Arizona Healthcare and UNC Health. The company also publishes market research, including a survey of College of Healthcare Information Management Executives (CHIME) technology leaders reporting that 81% of healthcare IT leaders say clinicians must control AI and 77% have seen better outcomes when AI works alongside clinicians.

Founding story

Carta Healthcare traces its origins to a Stanford MBA candidate's 2016 project on operating room efficiency at Stanford Children's Hospital, where the cost and time required for manual data collection prompted a search for an AI-based alternative. A grant from the American College of Cardiology supported the company's founding in 2017.

Business model

Carta Healthcare sells software and services to healthcare provider organizations: an AI platform for clinical data abstraction, registry support and analytics, plus outsourced or staff-augmentation abstraction services delivered by its own clinical abstractors.

Revenue comes from health system customers purchasing its AI data platform and abstraction professional services, with value framed around reduced labor cost of manual abstraction.

Traction

As of November 2022 the company served 20 leading U.S. health systems. Company materials cite 100% customer retention, more than 300 expert abstractors, 2x revenue growth in 2025, expansion of the Lighthouse platform to 21 additional clinical registries, and six industry awards in 2025. Its CFO has described consistent year-over-year growth and a financially healthy company.

Latest developments

In May 2025 the company closed an $18.25 million Series B1 round led by UPMC Enterprises. It has since released CHIME survey findings on clinician control of AI, expanded the Lighthouse platform to 21 additional clinical registries, and won Gold for Technical Innovation in the 2026 Stevie Awards for Technology Excellence.

Full profile — market position, technology, go-to-market, geography, history

Market position

Carta Healthcare describes itself as a leading provider of clinical data abstraction and enterprise clinical data management, serving 20 of the leading U.S. health systems as of its 2022 Series B and expanding its footprint since, with recognition including the Merit Award, Pinnacle Award, BIG Innovation Awards and a Gold Stevie Award for Technical Innovation.

The company positions its "Hybrid Intelligence" model — AI combined with 300+ expert abstractors carrying more than 200 years of collective clinical experience — as distinct from purely automated abstraction, and cites patented innovations and industry awards.

Technology

AI, machine learning and, since 2023, large language models applied to structured and unstructured clinical records to extract registry-grade data, answer abstraction questions, identify patients matching clinical trial criteria, and generate analytics and real-world evidence insights.

Go-to-market

Direct enterprise sales to health systems, supported by demo requests, case studies, podcasts, whitepapers and survey-based thought leadership; strategic investment from and partnership with provider organizations such as UPMC, Memorial Hermann, MemorialCare, UNC Health (Rex Health Ventures) and Tampa General also serve as commercial channels.

Hospitals, health systems and life sciences organizations, particularly quality, registry, cardiovascular, oncology, surgical and research teams responsible for clinical registry reporting and abstraction.

Geography

Headquartered in San Francisco, California (2443 Fillmore St #380-17156, San Francisco, CA 94115), serving hospitals and health systems across the United States.

History

The concept originated in 2016 when an MBA candidate at Stanford working on operating room efficiency at Stanford Children's Hospital found manual data collection slow and costly. The company was founded in 2017, catalyzed by a grant from the American College of Cardiology. Co-founders include Matt Hollingsworth, who served as CEO at the time of the 2022 Series B, Anna Brody, and Jamie Matheson, now Head of Data Activation; their Stanford research and MBA work was supervised by David Scheinker of SURF Stanford Medicine. In 2023 the company applied large language models to clinical data abstraction. In late 2024 it acquired Realyze Intelligence from UPMC Enterprises, adding AI-based patient-to-trial matching. The company describes 2025 as a breakout year with 2x revenue growth, new health system partnerships, six industry awards and Series B1 funding. Brent Dover currently serves as CEO.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Cost reduction for customersJan 202550% or more
Customer retentionJan 2025100%
Expert clinical abstractorsJan 2025300 people (300+)
HeadcountAug 2026131
Health systems servedNov 202220 customers
Healthcare IT leaders saying clinicians must control AIJan 202581%
Industry awards receivedJan 20256 awards
Inter-rater reliability (IRR) scoreJan 202598-99%
IT leaders reporting better outcomes with AI alongside cliniciansJan 202577%
Reduction in abstraction timeJan 202566%
Revenue growthJan 20252X revenue growth

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 2

by search overlap

Companies competing with Carta Healthcare for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 9

launches, deals, and filings
Jan 2026
Gold, Technical Innovation, 2026 Stevie Awards for Technology Excellence

source ↗

May 2025
Carta Healthcare secures $18.25M Series B1 led by UPMC Enterprises

Series B1 financing to expand the customer footprint, particularly in life sciences, and scale team and infrastructure.

$18.3M source ↗

Jan 2025
Lighthouse platform expanded to 21 additional clinical registries

source ↗

Jan 2025
Brent Dover serving as Chief Executive Officer

Brent Dover is listed as CEO in 2025 announcements; co-founder Matt Hollingsworth held the CEO role as of the 2022 Series B.

source ↗

Jan 2025
CHIME survey findings released on clinician control of AI

Survey of CHIME technology leaders reported 81% say clinicians must control AI and 77% saw better outcomes when AI works alongside clinicians.

source ↗

Jan 2024
Acquisition of Realyze Intelligence from UPMC Enterprises

Late 2024 acquisition adding AI technology that analyzes structured and unstructured data to identify patients matching clinical trials and research studies.

source ↗

Jan 2023
Large language models applied to clinical data abstraction

Carta Healthcare incorporated large language models into its abstraction workflow, combining AI with clinical expertise.

source ↗

Nov 2022
Carta Healthcare closes $20M Series B

Round used to scale the business; investors included Paramark Ventures, Frist Cressey Ventures, American College of Cardiology, Asset Management Ventures, CU Healthcare Innovation Fund, Mass General Brigham, Maverick Ventures Investment Fund and Storm Ventures.

$20M source ↗

Jan 2017
American College of Cardiology grant supports founding

A grant from the American College of Cardiology provided the initial catalyst for the founding of Carta Healthcare in 2017.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Carta Healthcare do?
Carta Healthcare provides AI-plus-expert-abstractor clinical data abstraction and analytics for hospitals and health systems.
Who founded Carta Healthcare?
Carta Healthcare was founded by Gilan El Saadawi in 2017.
Who are Carta Healthcare's investors?
Carta Healthcare's investors include Asset Management Company, Frist Cressey Ventures, Healthy Ventures, Katalyst Ventures, Katalyst.Ventures, Life Sciences Greenhouse Investments, MaC Venture Capital, Maverick Ventures and 2 more.
How much funding has Carta Healthcare raised?
Carta Healthcare has disclosed $1.3M raised across 1 of its 4 known rounds.
Where is Carta Healthcare headquartered?
Carta Healthcare is headquartered in Pittsburgh, US.