Overview
- Redpoint Ventures led the oversubscribed Series B, bringing Function’s valuation to $2.5 billion and total capital raised to $350 million.
- The new Medical Intelligence Lab is developing a doctor‑trained generative model, with early access features including Private AI Chat, Protocols, and an Upload Health Records vault.
- Through the Ezra acquisition, Function offers 22‑minute MRI scans powered by FDA‑cleared AI for $499, with CT options that detect lung cancer and coronary plaque.
- Function named Daniel K. Sodickson as chief medical scientist and MI Lab co‑director, appointed Tiffany Lester as women’s health medical director, and hired Neil Shah as COO.
- The company lowered annual membership to $365 per year and reports more than 50 million lab tests since 2023 as it scales from 75 U.S. locations toward nearly 200 this year.