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Aaron Bours
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Hyro Named to the 2022 CB Insights’ Digital Health 150 List

Hyro has been recognized for achievements in patient engagement and digital front door solutions

NEW YORK, December 7, 2022 -- CB Insights today named Hyro to its fourth-annual Digital Health 150, showcasing the 150 most promising private digital health companies of 2022.

"From reimagining clinical care, to leveraging tech like AR/VR to improve surgical training, this year’s Digital Health 150 winners are transforming the future of healthcare with digital technology,” said Brian Lee, SVP of CB Insights’ Intelligence Unit. “This increasingly global cohort, representing more than 18 countries across five continents, is not only driving better patient outcomes, but making healthcare more accessible. We are excited to follow the meaningful impact and continued success of this year’s winners.” 

“We’re humbled to have been included alongside so many stellar healthtech startups, as we continue to support understaffed health systems with adaptive conversational AI. Burnout, and the inability to hire, have been top challenges for providers attempting to grow and scale digital patient experiences in 2022, and we’re proud to be named a leader in digital front door solutions that are eliminating those pain points,” said Israel Krush, CEO and Co-founder of Hyro.

Utilizing the CB Insights platform, the research team selected these 150 winners from a pool of over 13,000 private companies, including applicants and nominees. They were chosen based on factors including R&D activity, proprietary Mosaic scores, market potential, business relationships, investor profile, news sentiment analysis, competitive landscape, team strength, and tech novelty. The research team also reviewed over 3,000  Analyst Briefings submitted by applicants.

CB Insights Digital Health 150 Map

While not exclusively a healthcare company, Hyro has found expanding success in overhauling health systems’ digital communications with their patients and employees. In 2022, Hackensack Meridian Health, Baptist Health, Hospital for Special Surgeries and UW Medicine are just some of the hospital networks that abandoned traditional chatbots and interactive voice response systems (IVRs) in favor of what Hyro calls Adaptive Communications. Hyro maps health systems’ data to a knowledge graph, creates natural language understanding interfaces on websites, call centers, mobile apps and SMS, and then feeds back conversational analytics to operations teams to optimize their digital services. Their unique approach has allowed top digital leaders in healthcare to automate repetitive tasks, supercharge operational efficiency, and bridge the gap caused by staffing shortages. 

Quick facts on the 2022 Digital Health 150:

  • Equity funding and deals: Since 2017, this year's Digital Health 150 winners have raised around $5.6B in equity funding across 378 deals. This includes approximately $1.6B raised across 85 deals in 2022 YTD alone.
  • Unicorns: This year's list includes only 5 unicorns with a $1B+ valuation, around 3% of the total list. For comparison, last year's list contained 17. This tracks with a broader drop in new unicorns across sectors in 2022.
  • Global Reach: Winners in this year's Digital Health 150 span 18 countries across 5 continents. A quarter (25%) are headquartered outside of the US — the most in the history of our list. While the US still leads, the UK comes in second with 9 winners, followed by Canada with 5 and Brazil with 3.

About CB Insights

CB Insights builds software that enables the world's best companies to discover, understand, and make technology decisions with confidence. By marrying data, expert insights, and work management tools, clients manage their end-to-end technology decision-making process on CB Insights. To learn more, please visit www.cbinsights.com.

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Aaron Bours
December 7, 2022
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December 7, 2022