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Function Raises $298 Million at $2.5 Billion Valuation, Launches Medical Intelligence Lab

The cash will accelerate a physician‑trained system unifying labs, imaging, wearables into personalized guidance.

Overview

  • The new Medical Intelligence Lab is tasked with building a model that integrates lab results, imaging, medical records, wearables and research to deliver individualized health insights.
  • Members are getting early access to Private AI Chat, Protocols, and an Upload Health Records vault that use their data to provide tailored explanations and next steps.
  • Function named Daniel K. Sodickson as chief medical scientist and MI Lab co‑director, confirmed Mark Hyman as chief medical officer, appointed Tiffany Lester as women’s health medical director, and hired Neil Shah as COO.
  • The company reduced its annual membership to $365 for biannual panels covering 160+ biomarkers, with access to advanced MRI and CT scanning added through the Ezra acquisition.
  • Function reports more than 50 million lab tests completed since 2023, operates 75 U.S. locations with plans to approach 200 by year‑end, and says it complies with HIPAA, fully encrypts data, and does not sell personal information.