Elion has successfully closed an oversubscribed $9.3 million seed round, led by NEA, with participation from Cedars-Sinai Health Ventures, TMV, Scrub Capital, and Alumni Ventures.
In today’s rapidly evolving healthcare environment, selecting the right technology has become more critical than ever. With AI reshaping the landscape, healthcare organizations equipped to identify and implement the best solutions are poised to thrive. Others risk lagging behind—operationally, financially, and clinically.
Elion is positioned to support this transformation. The company is building a research and intelligence platform designed to change how healthcare leaders discover, evaluate, and adopt new technologies. By filtering out market noise and spotlighting effective solutions, the platform aims to enhance healthcare delivery at scale.
The platform is already demonstrating notable traction:
Over 60% of U.S. health systems are utilizing Elion’s marketplace to assess and discover vendors. Decision-makers from leading institutions depend on Elion’s research to make informed choices. Curated events are streamlining procurement processes for healthcare IT buyers. Health systems are also engaging with Elion to define AI strategies and steer vendor selections.
The newly secured funding will be directed toward expanding investments in technology, data infrastructure, and research capabilities powering the platform.
As stated in the announcement: “We believe better decisions about technology lead to better care, better operations, and better outcomes. That’s the future we’re working toward, and we’re proud to support the leaders and organizations making it possible.”
Gratitude was extended to Michael Li (NEA), Matthew Weinberg and Ryan Darnell (Max Ventures), Maureen Burgess and Rohit Rajkumar (Cedars-Sinai Health Ventures), Emma Silverman and Soraya Darabi (TMV), Rebecca Mitchell, Jonathan Slotkin, and Christina Farr (Scrub Capital), Alumni Ventures, and Riverside Ventures. Acknowledgement was also given to existing supporters: AlleyCorp, Floating Point, Charge Ventures, and Headwater Ventures, alongside an outstanding group of angels and advisors.