Function Health is a national leader in health technology innovation. Now they’ve parlayed that momentum into raising $298 million in a Series B funding round, with Redpoint Ventures leading the charge. This enormous infusion of cash increases the company’s valuation to $2.5 billion. It will continue fueling its lofty growth agenda in cities large and small throughout the country.
Jonathan Swerdlin is founder and CEO of Function Health. To protect user data, the company runs its system under rigorous HIPAA guidelines. Using a unique device-agnostic approach, the company combines tobacco cessation, behavioral economics, lab testing, diagnostics, and clinical insights to deliver a seamless health management platform. Since its inception in 2023, Function has completed over 50 million lab tests, showcasing its rapid growth and adoption within the healthcare sector.
Function Health now has 75 locations around the U.S. By the end of this year, they hope to grow to around 200 sites. This expansion is a natural and exciting extension of Function’s plans to make health management easier and more convenient for people across the country.
Function Health is led by an experienced team of leaders in the function space. Dr. Dan Sodickson, chief medical scientist at Aidin Dr. Mark Hyman, co-founder and chief medical officer of Aidin. Their experience shapes how they are leading their agile, creative company to improve digital health technology.
At Function Health, protecting user health information is very important to us. Swerdlin reassured users about their data privacy, stating:
“It is not good enough to be in a world where AI exists and not be applying it to your health.” – Jonathan Swerdlin
The company’s model is unique in that it features ongoing engagement with trained physicians for the duration of the health management process. This guarantees that users are getting the sort of individualized, high-touch care that is contextualized to their unique health circumstances.
“Your data and your identity are never for sale. Every bit of your information is fully encrypted and protected. We are committed to keeping you, and your data, safe.” – Jonathan Swerdlin
The company’s model is unique as it involves continuous interaction with trained doctors throughout the health management process. This ensures that users receive personalized care tailored to their specific health needs.