Providence
Facts
- HQ
- Seattle
- Sectors
- Hospitals and Health Care
- Employees
- 51402
DexCare acquires Seattle AI agent startup Mila Health to add automated patient calls and texts to platform serving 57 million
Seattle health‑tech company DexCare has acquired local AI agent developer Mila Health to integrate Mila’s patient-calling and texting tools into DexCare’s patient-access platform, which serves 57 million patients nationwide; financial terms were not disclosed. The combined offering aims to automate appointment scheduling and streamline provider workflows with rapidly deployable, auditable AI communications.
Truveta CEO Terry Myerson to Retire End of September; Co-founders Ryan Ahern and Jay Nanduri Named Interim Co-CEOs
Terry Myerson will retire as Truveta CEO at the end of September after leading the Bellevue-based health data company since its 2020 launch, and two co-founders will serve as interim co-CEOs while the board searches for a permanent successor. Truveta, valued at over $1 billion after a $320 million funding round in January 2025, stores and categorizes electronic health records for research and counts 30 health system members.
Truveta CEO Terry Myerson to Retire in September; Co-founders Jay Nanduri and Ryan Ahern Named Interim Co-CEOs
Terry Myerson, co-founder and CEO of Truveta, will retire at the end of September and become an advisor, while co-founders Jay Nanduri and Ryan Ahern will serve as interim co-CEOs as the board searches for a permanent replacement; Truveta has grown to about 500 employees, a valuation above $1 billion, and aggregates de-identified records from 30 U.S. health systems for customers including drug makers and researchers.
Truveta CEO and co-founder Terry Myerson to retire after 6+ years; announcement dated Sept. 15, 2026
Truveta CEO and co-founder Terry Myerson announced his retirement effective after more than six years leading the company and over 30 years in technology, data, and healthcare; he helped grow Truveta into a partner to 100+ organizations using real-world clinical data from 140 million patient journeys. The announcement was made in a Sept. 15, 2026 Globe Newswire release from Bellevue, Wash.
Vieu launches Business Graph to map real executive relationships for sales, recruiting and AI
Vieu launched the Business Graph, a relationship-mapping platform that uses observed signals (shared work history, co-authored research, joint ventures, board affiliations and ongoing collaboration) to map real business interactions for sales, marketing, recruiting, fundraising and partnerships. The Seattle-based product is designed for both people and AI systems to reveal active executive ties that traditional social/professional networks miss.
Vieu launches Business Graph, an AI-ready map of business relationships after $11M seed; serves 100+ enterprise customers
Seattle startup Vieu launched the Business Graph, a live map of business relationships built from observed signals (shared work history, board affiliations, co-authorships) to help B2B sales, recruiting, marketing and fundraising. The 40-person company raised an $11M seed in October 2024, serves over 100 enterprise customers, integrates with CRMs and AI assistants, and charges a platform fee plus outcome-based pricing.
Former Microsoft CVP Jigar Thakkar Named VP of Amazon Quick Suite as Chartis and Supio Announce New Leadership
Jigar Thakkar, former Microsoft corporate vice president, has joined Amazon Quick Suite as vice president, focusing on agentic AI platform development. Additionally, Sara Vaezy returned to Chartis as chief product and technology officer, and legal-tech startup Supio named new executives following a $60 million funding round.
Samsung Electronics to Acquire Seattle-Based Digital Health Startup Xealth to Enhance Healthcare Integration
Samsung Electronics is acquiring Seattle-based digital health startup Xealth, which helps healthcare providers manage digital health tools and is used by over 500 U.S. hospitals. The acquisition aims to integrate consumer health data with clinical records to enhance personalized and preventive care, with the deal expected to close later this year pending regulatory approval.
Seattle Startup Xealth Gains Investment from Morningside Ventures to Expand Digital Healthcare Platform
Seattle-based health tech startup Xealth secured new funding from Morningside Ventures to expand its digital healthcare delivery platform that integrates with electronic health records and supports over 100,000 medical providers. Since its 2017 spinout from Providence, Xealth has facilitated 12 million orders and works with more than 50 digital health vendors.
Agasthya Upadhya Promoted to CEO of Seattle Freight Software Startup Logixboard; Co-founder Julian Alvarez Becomes Chairman
Agasthya Upadhya has been named CEO of Seattle-based freight software startup Logixboard, succeeding co-founder Julian Alvarez who becomes chairman. Other notable Pacific Northwest tech leadership changes include Angelique Okeke at F5, Beth Birnbaum at Mudstack, and Kenny Wyatt at Pushpay.
Generative AI Poised to Boost Healthcare Efficiency but Slow Adoption and Sales Cycles Challenge Startups, Says Frazier’s Nader Naini
Generative AI and automation offer efficiency opportunities in the $4.5 trillion healthcare sector, but startups face challenges due to slow technology adoption and lengthy sales cycles. Venture funding in digital health exceeded $10 billion last year, with strong activity in Seattle-area startups and increased M&A.
Providence Spins Out Providence Ventures as Allumia Ventures; Providence Commits $150 Million to New Fund
Providence spun out its venture arm, renaming it Allumia Ventures and making it an independent VC firm; Allumia closed its third fund with Providence committing $150 million. Allumia plans to invite 3–5 other health systems to join as limited partners to expand its investor base and partnerships.
Seattle's Truveta Raises $320M to Launch Largest Genomic Database with 10 Million Exomes Sequenced
Seattle-based health data company Truveta secured $320 million from 17 health systems, Illumina, and Regeneron to launch the Truveta Genome Project, aiming to create the largest and most diverse genomic and phenotypic dataset ever assembled, greatly surpassing previous efforts. The project will sequence exomes of 10 million volunteers using biospecimens linked to anonymized medical records to advance genetic research and healthcare insights.
Providence Ventures Spins Out as Independent Allumia Ventures with $150 Million Healthcare Fund Backed by Providence
Providence Ventures has spun out to become the independent venture capital firm Allumia Ventures, raising a new $150 million fund backed by Providence. The firm focuses on mission-driven healthcare investments and plans to expand its investor base to enhance due diligence and support for healthcare startups.
Nipun Dureja Named CTO of iSpot; Expedia CFO Julie Whalen to Resign by February 2024
Nipun Dureja has been appointed CTO of iSpot, bringing extensive engineering leadership experience, while Expedia CFO Julie Whalen is resigning and will remain until her successor is named before February 17, 2024. Expedia has undergone notable executive changes this year, including CEO and CTO appointments.
Providence Spins Out Praia Health; Startup Raises $20M Series A Led by Frist Cressey Ventures
Providence spun out Praia Health, its fourth digital health startup, and Praia closed a $20 million Series A led by Frist Cressey Ventures to commercialize a patient engagement platform that personalizes care journeys and unifies consumer data with single sign-on.
Providence spins out Praia Health, raises $20M Series A led by Frist Cressey Ventures to scale consumer health platform
Providence has spun out Praia Health and announced an oversubscribed $20 million Series A led by Frist Cressey Ventures to scale a new consumer-focused health platform; Community Health Network is Praia Health's first external customer and 17 organizations joined as program partners.
Providence launches Praia Health startup; platform supports 3M+ accounts and returned $20M+ in 2022
Providence launched Praia Health, a platform-as-a-service startup to modernize patient digital engagement by personalizing health journeys and connecting users to services; the platform—used within Providence since January 2022—supports over 3 million accounts and generated more than $20 million in measurable value in 2022. Startup veteran Justin Dearborn is executive-in-residence as Praia works with health systems and partners to commercialize its patent-pending identity and engagement technology.
Derek Streat
Derek Streat is the Co-founder and CEO of DexCare, a data-driven intelligence company that makes healthcare access better for everyone. He is an accomplished healthcare technology entrepreneur and executive, having co-founded and/or led six venture-backed companies including three in health tech and four acquired by public companies. Prior to joining Providence as an Entrepreneur-in-Residence to commercialize DexCare, Derek served as Vice President of Digital Solutions at Johnson & Johnson after it acquired his surgical AI company, C-SATS. Derek is also actively involved in national healthcare data transparency efforts for the improvement of patient care as a Co-founder and Board member…
Seattle Health-Tech Startup DexCare Raises $75M to Expand Patient Appointment Platform
Seattle health-tech startup DexCare raised $75 million to enhance its healthcare patient demand and access platform, one of the Pacific Northwest's largest venture capital deals this year. DexCare, spun out of Providence in 2021, serves major customers including Kaiser Permanente and Providence, aiming to address healthcare system capacity and patient appointment booking challenges.
Seattle Health Data Analytics Firm Advata Lays Off 32 Employees Following Merger of Six Companies
Advata, a Seattle-area health data analytics company formed from six merged firms owned by Providence, laid off 32 employees amid broader tech industry cutbacks. The company offers AI-powered healthcare tools and recently launched a new revenue cycle management product.
Seattle Startup Outbound AI Launches PayerVA Console to Automate Medical Insurance Claims Processing
Outbound AI, a Seattle startup spun out of Madrona Venture Labs with $7 million in seed funding, launched PayerVA Console, a software product that automates and expedites medical insurance claims processing by reducing time spent on payer communications. The tool transcribes calls, extracts key information, and assists human workers to alleviate burdensome tasks in the healthcare payment system.
DexCare, Providence spinout led by CEO Derek Streat, raises $50M to expand patient-access platform
Seattle health-tech startup DexCare, spun out of Providence’s digital innovation group, raised $50 million to accelerate platform development and go-to-market expansion; its software manages health system capacity and patient appointment booking and is used by Providence, Kaiser Permanente, Mass General Brigham, Houston Methodist and others. The round follows a $20 million raise last March and was led by Transformation Capital, whose managing partner emphasized patient competition as a major hospital issue in 2022.
Microsoft invests in Seattle startup Truveta and partners to run health-data analyses on Azure
Seattle health-data startup Truveta will use Microsoft Azure under a new partnership and received an undisclosed Microsoft investment; the company aggregates de-identified data from 17 health systems representing about 15% of U.S. patients. Truveta, led by former Microsoft exec Terry Myerson, previously raised $95 million from healthcare partners including Providence and says the data will support research and care decisions, not targeted patient advertising.
Xealth, a Providence Spinout, Raises $24M to Expand Digital Health Platform and Workforce
Seattle-based Xealth, a Providence spinout that helps more than 20 hospital systems prescribe and monitor digital health tools, raised $24 million in new funding to expand its platform and double its 55-person workforce. The company integrates with major electronic health records, licenses its platform to hospital systems, and has onboarded services from over 50 digital health vendors.
