Transcarent, a San Francisco-based healthcare platform, secured $126M in Series D funding.

General Catalyst and 7wireVentures led the round, joined by new investors like Geodesic Capital and Memorial Hermann Health System. Previous backers such as Threshold Ventures and Kinnevik also participated.

The funds will boost AI capabilities and support commercial and strategic growth.

Transcarent, led by CEO Glen Tullman and Executive Chairman Ken Frazier, provides comprehensive care experiences for members and affordable care solutions for employers.

Notable recent developments include the acquisition of 98point6's AI-powered virtual care platform and the launch of the National Independent Provider Ecosystem.