How Much Did Athelas Raise? Headquarters, Funding & Key Investors

Athelas, a Mountain View–based healthcare technology company founded in 2014, has raised a total of $136 million in funding, including a $132 million Series A round in January 2022 at a $1.5 billion valuation, led by General Catalyst and Tribe Capital. Earlier backers include Sequoia Capital, Y Combinator, and Initialized Capital. Athelas builds innovative diagnostic and monitoring solutions, such as its FDA-cleared white blood cell counter and connected health device, to help chronically ill patients monitor vital signs like blood pressure, weight, and glucose from home.

How Much Did Athelas Raise? Funding & Key Investors

Founded in 2014 by Deepika Bodapati and Tanay Tandon, Athelas is headquartered in Mountain View, California. With a team of 213 employees (as of December 2022), the company develops AI-powered remote health monitoring solutions and smart diagnostic devices. Its FDA-cleared blood analyzer measures white blood cell counts to detect infections and screen for leukemia. Athelas also offers connected devices for tracking vital signs and managing chronic conditions from home. Combining AI automation, data analytics, and Revenue Cycle Management tools, Athelas enhances provider efficiency while empowering patients with proactive, real-time health insights.

What Is Athelas and What Does It Do?

Athelas, founded in 2014 by Deepika Bodapati and Tanay Tandon, is headquartered in Mountain View, California.

With a team of 213 employees (as of December 2022), Athelas provides AI-driven remote health monitoring solutions and smart diagnostic devices. Its FDA-cleared blood analyzer measures white blood cell counts to detect infections, inflammation, and screen for leukemia. The company also offers connected devices for tracking heart rate, blood pressure, weight, and glucose helping patients manage chronic conditions seamlessly from home.

Athelas integrates technology and healthcare expertise to deliver data-driven insights, automated documentation through Ambient AI, and Revenue Cycle Management tools that streamline provider operations.

How Much Funding Has Athelas Raised?

Series A
- Amount Raised: $132 million
- Date: January 2022
- Lead Investors: General Catalyst, Tribe Capital
- Motivation: To accelerate product innovation, expand healthcare partnerships, and scale remote patient monitoring infrastructure.
Seed Round (2017)
- Amount Raised: $3.7 million
- Date: August 2017
- Lead Investors: Sequoia Capital, Initialized Capital, Liquid 2 Ventures
- Motivation: To commercialize the WBC device and expand R&D efforts.\
Seed Round (2016)\
- Amount Raised: $125 thousand
- Date: 2016
- Lead Investors: Y Combinator
- Motivation: To develop early prototypes of Athelas’s diagnostic hardware.\
Grant (2015)\
- Amount Raised: $50 thousand
- Date: 2015
- Motivation: Awarded as prize money to support device innovation and medical validation.\

Total Funding Raised: $136 Million

Current Valuation: $1.5 Billion (as of January 2022)

Latest Funding Date: January 2022

Key Investors

General Catalyst
- Details: A venture capital firm partnering with founders from seed through growth stages.
- Investment Focus Areas: Healthcare, technology, consumer services.
- Notable Investments: Stripe, Airbnb, Snap, Gusto.
Sequoia Capital
- Details: A renowned VC firm investing in early- and growth-stage technology leaders since 1972.
- Investment Focus Areas: Technology, healthcare, consumer services, financial services.
- Notable Investments: Apple, Google, Oracle, WhatsApp.\
Tribe Capital
- Details: Data-driven VC firm identifying high-potential tech companies through quantitative insights.
- Investment Focus Areas: Technology, software, fintech.
- Notable Investments: Slack, Carta, Front.\
Y Combinator
- Details: Startup accelerator offering seed funding and mentorship to early-stage founders.
- Investment Focus Areas: Technology, healthcare, software.
- Notable Investments: Dropbox, Airbnb, Stripe, Reddit.\
Greenoaks
- Details: Investment firm focused on long-term technology and consumer ventures.
- Investment Focus Areas: Technology, consumer brands.
- Notable Investments: Brex, Robinhood, Coupang.

Where Is Athelas’s Headquarters?

Athelas is headquartered in Mountain View, California, a prime location within Silicon Valley’s health-tech ecosystem. This proximity to AI research centers and top medical innovators enables faster R&D cycles and strategic collaborations with U.S. healthcare providers.

What’s Next for Athelas?

Athelas is expanding rapidly within the remote patient monitoring market. Serving over 40,000 patients, the company has seen a tenfold increase in its active user base. Future plans include broadening its AI-powered clinical tools, forming strategic partnerships with hospital networks, and enhancing data interoperability for providers. By integrating smart devices and AI documentation, Athelas aims to redefine how healthcare is monitored and delivered at home.

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