OpenAI, the creator of ChatGPT, has acquired Torch, an AI-powered medical records insights startup, for a reported $60 million.
The acquisition, announced January 12, 2026, signals a significant move by OpenAI into the healthcare technology sector. Torch specializes in leveraging artificial intelligence to extract and analyze crucial information from patient medical records.
Funding Flows into Health Tech Innovation
Several health-focused companies received substantial funding injections this week, highlighting investor confidence in the sector’s potential.
- Oncology IT vendor VieCure secured $43 million in funding.
- Virtual women’s health company Xella Health raised $3.7 million in pre-seed funding.
- Cardamom received investment from Valspring Capital to fuel expansion.
Oncology-focused health IT vendor VieCure announced January 12, 2026, that it has raised $43 million, bringing its total funding to $113 million. The company aims to improve access to high-quality cancer care in community practices.
In the realm of women’s health, Xella Health, a virtual precision medicine startup, closed a $3.7 million pre-seed funding round on January 12, 2026. The company is focused on developing the next generation of precision health solutions for women.
Cardamom also announced on January 12, 2026, that it has received investment from Valspring Capital. The funding will be used to expand the company’s professional services for healthcare IT, supporting rapid growth and broader implementation of its solutions.
