Optum Ventures, the independent investment fund of UnitedHealth Group's Optum, has funneled an undisclosed amount of funding into Scipher Medicine, a startup developing molecular diagnostic technology.
The new financial support comes shortly after Scipher closed its Series B funding round, which brought its total amount raised to $30 million. Optum Ventures' equity investment marks a second close of the Series B round, and will be used to accelerate and expand Scipher's technology to treat more diseases, per a Feb. 19 news release.
Scipher's platform uses artificial intelligence and molecular diagnostic technology to recommend to physicians the most effective treatment based on a patient's individual biology. The platform is currently focused on treating autoimmune conditions.
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