Binny Bansal-backed RISA Labs raises $11.1 million

RISA Labs, a US-based startup building an AI operating system for cancer care, has raised $11.1 million in a funding round co-led by Cencora Ventures and Optum Ventures. The round also saw participation from Oncology Ventures, Z21 Ventures and John Simon, cofounder of General Catalyst, through his Ventureforgood entity.

The startup said it will use the funds to expand the rollout of its AI platform across cancer clinics, health systems, specialty pharmacies and infusion networks in the US, with the aim of speeding up access to cancer treatment.