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Bright.md

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Direct-to-patient telehealth for healthcare systems with AI-powered, asynchronous virtual-care platform

Portland, United StatesFounded 2014Health Tech & Medtech
Valuation $50–100M Last recorded · 2020
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Bright.md and the history behind them.

About Bright.md

Bright.md, founded in 2014 in Portland, Oregon, developed a healthcare automation platform before its assets were acquired by 98point6 Technologies in early 2024. The company was established by Dr. Ray Costantini and Mark Swinth. Dr. Costantini, a physician and former medical director for a large hospital system, and Mr. Swinth, an entrepreneur with a background in enterprise software, were brought together by a shared vision to fix inefficiencies in the healthcare system. This vision was initially sparked by Dr. Costantini and digital health innovator Kitty Powell, who experienced the shortcomings of early telehealth solutions. After Powell's passing, her husband, Mark Swinth, joined Dr. Costantini to co-found the company.

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The firm operated on a Software-as-a-Service (SaaS) business model, licensing its platform to large health systems and integrated delivery networks. Its primary offering was an asynchronous telehealth platform, originally named SmartExam, designed to automate clinical workflows and administrative tasks for low-acuity conditions. The platform functioned as a virtual physician's assistant, conducting a dynamic, AI-powered interview with the patient to gather symptoms and medical history. This information was then synthesized into a chart-ready SOAP note, along with a provisional diagnosis and treatment plan, for a clinician to review and approve—a process that could reduce visit times from 20 minutes to under 90 seconds. The system was developed to handle over 450 common medical conditions, thereby increasing provider capacity and reducing patient wait times.

In October 2023, the company's core technology was acquired by Evernorth, Cigna's health services division, to be integrated into their MDLive platform. Subsequently, in January 2024, 98point6 Technologies purchased Bright.md's remaining assets, including 16 customer contracts with health systems like Baptist Health and UAB Medicine. This final acquisition allowed 98point6 to accelerate the launch of its own asynchronous care module, built upon the foundation and market presence established by Bright.md.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2014
Headquarters
Portland, United States
Employees
8
Open positions
None listed
Dealroom signal
67.2/100
Industry
Health
Sub-industry
Health Platform
Sector
Health Tech & Medtech, Retail, User Behavior, Telemedicine, Core AI, Tech for Patients, Hard Tech, AI Applications
Technology
Artificial Intelligence
Client focus
b2b, b2c

Funding history

5 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITION✓Exit Oct 2023 — — Cigna Group ↗
SERIES C✓Equity / VC May 2020 $17M $67M Philips Ventures · UnityPoint Health Ventures · Concord Health Partners · Seven Peaks Ventures —
Showing the latest 2 of 5 recorded eventsBook a demo for the full funding history →

Growth signals

Bright.md website traffic

Latest recorded traffic for Bright.md is 630 monthly website visits, down 58% over the last three months. Bright.md's team declined 27.3% over the past year.

Latest monthly visits630 3-month web change-58% 1-year team growth-27.3%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

12 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A4 investors entered at this stage

  • Oregon Venture Fund
  • B Capital
  • Seven Peaks Ventures
  • Pritzker Group Venture Capital

Series B and later4 investors entered at this stage

  • Philips Ventures
  • UnityPoint Health Ventures
  • Concord Health Partners
  • American Hospital Association

Other known investors4 additional known investors

  • Cigna Group
  • Matt Abrams
  • Philips Healthcare
  • SpringRock Ventures
Team profiled 12 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇺🇸 United States100%
1 country shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Bright.md on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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