Vitalchat Secures Series A Funding Led by GHC Industries to Scale Virtual Nursing and Telehealth Solutions

RALEIGH, N.C., Feb. 13, 2025 /PRNewswire/ -- Vitalchat, an innovator of AI-powered ambient solutions for in-patient virtual nursing and procedural telehealth, today announced the successful closing of its $6 million Series A funding round, led by Green Harvest Capital Industries (GHC Industries). This investment will accelerate Vitalchat's mission to transform inpatient telehealth and virtual nursing by expanding its scalable, cost-effective solutions that reduce administrative burdens placed on nurses and doctors, enhance patient and clinician safety, and help address the ongoing shortage of skilled care teams.

"Doctors and nurses enter the profession to heal, comfort, and care—not to be overwhelmed by paperwork or stretched thin due to staffing shortages," said Michael Raymer, CEO of Vitalchat. "This funding enables us to scale our in-patient virtual care platform, allowing more health systems to give their care teams the time and focus to do what they love—connecting with patients and making a real difference in their lives. We're grateful for the support of GHC Industries as we continue to innovate and expand our impact."

The demand for virtual nursing and telehealth solutions has surged, driven by workforce shortages, rising patient acuity, and regulatory shifts supporting digital care adoption. In the U.S., the total addressable market for inpatient virtual care and AI-powered telehealth is estimated at $2 billion, yet fewer than 5% of hospital beds currently have video-enabled monitoring solutions.

Vitalchat is uniquely positioned to bridge this gap. Since its commercial launch in 2021, the company has rapidly gained traction for its ability to leverage existing hospital infrastructure to provide AI-powered virtual sitters for real-time patient safety monitoring, remote procedural support to enhance care team collaboration, and automated AI-driven workflows to reduce administrative burdens and optimize nursing efficiency. As a cloud-native SaaS platform, Vitalchat eliminates the need for additional hardware, making telehealth adoption more accessible and cost-effective for hospitals and health systems. Vitalchat is available in over 35 hospitals across medical-surgical units, ICUs, operating rooms, and post-acute care facilities.

The $6 million Series A investment will accelerate product innovation, market expansion, and deeper AI integration into clinical workflows. Ankit Patel, Chief Executive Officer of GHC Industries will join the Vitalchat board. GHC Industries Co-founder and Principal Saagar Parikh will also be taking a Board Observer role. This marks GHC Industries' third significant investment in healthcare after acquiring Re-sources and Medical Equipment Source and is GHC's launchpad into AI-powered virtual care.

"Healthcare systems are under immense pressure from staffing shortages and clinician burnout, making it more critical than ever to find scalable solutions that enhance efficiency without compromising quality of care," said Ankit Patel, CEO at GHC Industries. "Vitalchat not only helps hospitals optimize resources and support care teams, but it also strengthens the human interaction between patients, providers, and families. By enabling seamless virtual engagement, Vitalchat ensures that loved ones can remain present during inpatient stays while giving clinicians the tools they need to focus on delivering exceptional care."

Vitalchat will be showcasing its platform in the AI pavilion at the annual ViVE Conference (Grant Thornton Booth #883) on February 16-19, 2025.

About Vitalchat

Vitalchat delivers an AI-powered ambient virtual care solution designed to transform healthcare delivery by addressing critical challenges like nursing shortages, procedural telehealth and care coordination with clinical teams, patients and their family members. Our technology utilizes AI to perform continuous real-time analysis of video, audio, and sensory data collected in the care setting to identify trends, predict risks, and flag anomalies that are then turned into meaningful alerts and automated actions that support the clinical teams in delivering efficient, safe and coordinated care. For more information about Vitalchat, visit www.vitalchat.com

About Green Harvest Capital | GHC Industries

Green Harvest Capital (GHC) is a minority-owned private equity firm specializing in value and growth oriented investments across the multifamily, hospitality, and industrial sectors. With over $350 million in assets under ownership, GHC focuses on providing a better product and/or experience to the customer, revitalizing communities where assets are located, and fostering a workplace for team members to learn and excel.

The GHC Industries division is committed to revitalizing Midwest manufacturing and service industries, acquiring, nurturing and transforming legacy businesses into leaders in new technology. With an initial focus on the evolution in healthcare rapidly occurring throughout Northeast Ohio and beyond, GHC's unique investment approach combines strategic insight with hands-on management to achieve the full potential of promising assets.

GHC Industries is led by co-founders: Ankit Patel, Bhavin Patel, Matt Soble, Michael Smith, and Saagar Parikh. They can be reached at [email protected]. For more information about GHC, visit www.ghc-lp.com

SOURCE Vitalchat