SmartExam, your virtual physician assistant, automates the repetitive algorithmic steps that consume the time of your high-value clinical team - allowing you to cut the cost of visits by 80%, while delivering high-quality care your patients will love.

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Bright Investment by Stanford-StartX, a software-as-a-service (SaaS) platform for healthcare, has closed a series A worth $3.5m and backed by Stanford-StartX fund.

The fund, which focuses on startups which have graduated from Stanford’s student-led incubator StartX, was joined by Seven Peaks Ventures and Oregon Angel Fund, which led the round.’s SaaS platform, SmartExam, offers a service which the Oregon-based company is billing as a virtual physician assistant. The platform allows patients to connect online with their primary care providers and undertake an evidence-based online examination at a lower cost than a trip to the doctors in person.

Co-founder Mark Swinth attained his MBA from Stanford’s Business School, and attended StartX’s medical programme StartXMed earlier in the year.

Ray Costantini, CEO of, said: “As an early stage company, it’s exciting to see such strong support for our product, which has been underscored by the success of our Series A raise. In addition to the funds we closed, we had more than $1 million of additional investor commitments, and were able to be very selective in our capital strategy. We’ve attracted a stellar group of early-stage investors to help us take a more aggressive approach. Their support helps us capitalise on the accelerated market momentum we’re seeing, including expansion of our initial implementations and the addition of multiple, exciting new clients.”

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Health systems are increasingly looking to maximize investments and see more patients, without sacrificing quality of care. SmartExam, our innovative telehealth solution, expands your capacity to treat patients, maximizes your brick and mortar investments, and seamlessly integrates with your EMR.

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