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Corporate Venture
intermountainventures.com

Investments

39

Portfolio Exits

13

Partners & Customers

1

About Intermountain Ventures

Intermountain Ventures operates as an investment vehicle of Intermountain Healthcare. Its purpose is to source, evaluate, and invest in companies that represent a return, growth opportunity, and that align with its objective to help people. It was founded in 2019 and is based in Salt Lake City, Utah.

Headquarters Location

36 South State Street

Salt Lake City, Utah, 84111,

United States

801-442-2000

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Research containing Intermountain Ventures

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Intermountain Ventures in 1 CB Insights research brief, most recently on Jul 15, 2024.

Latest Intermountain Ventures News

Layer Health and Intermountain Health to Deploy AI for Clinical Data Abstraction

Jun 20, 2025

What You Should Know: – Layer Health , an artificial intelligence (AI) company in healthcare announced a strategic collaboration with Intermountain Health , one of the nation’s top integrated health systems. The collaboration includes a strategic investment from Intermountain Ventures , Intermountain’s innovation and venture capital arm, and a multi-year initiative to deploy the Layer Health AI platform across multiple clinical registries. – The partnership aims to improve the accuracy, efficiency, and scalability of clinical data abstraction, making Intermountain Health a significant innovation partner and early adopter of Layer Health’s AI-powered chart-review platform. Automating the Burden of Medical Chart Review Layer Health’s AI platform is purpose-built to automate the labor-intensive process of medical chart review, a critical function for quality reporting, registry submission, and a growing range of other operational and clinical workflows. Leveraging advanced large language models trained on rich, longitudinal patient data, the HIPAA-compliant and SOC 2 Type II certified platform can interpret both structured and unstructured clinical information with high accuracy. By replicating the reasoning process of a clinician, it excels at handling the complexity and nuance often found in real-world patient records. Scale Quality Improvement Under the new multi-year initiative, Intermountain’s Clinical Data Management team will first work with Layer Health to validate the AI’s ability to achieve high accuracy before deployment, ensuring it meets the clinical performance standards required for real-world registry reporting. The initial deployment will focus on registries in stroke, bariatric surgery, and cardiovascular disease. Following this, Intermountain Health will deploy Layer Health’s AI platform across its full network, which spans 33 hospitals and multiple states, with plans to expand to other registry areas in the future. “Layer Health’s technology reflects the kind of AI solution that will drive meaningful change for our system,” said Dr. Cara Camiolo Reddy, Chief Quality and Safety Officer at Intermountain Health. “Our team manages more than 35 active registries and is constantly evaluating how to support more registries that demonstrate our clinical excellence. Layer offers a scalable approach that allows us to support existing registries more efficiently and finally move forward with new ones. Furthermore, with the support of AI, our team can focus more on driving meaningful improvements in patient care.”

Intermountain Ventures Investments

39 Investments

Intermountain Ventures has made 39 investments. Their latest investment was in Layer Health as part of their Unattributed VC on June 17, 2025.

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Intermountain Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/17/2025

Unattributed VC

Layer Health

Yes

3

6/3/2025

Series A

Matterworks

Yes

2

3/22/2025

Series C

Octave Bioscience

$35.6M

No

3

3/11/2025

Series B

Subscribe to see more

$XXM

Subscribe to see more

10

1/8/2025

Seed VC - II

Subscribe to see more

$XXM

Subscribe to see more

10

Date

6/17/2025

6/3/2025

3/22/2025

3/11/2025

1/8/2025

Round

Unattributed VC

Series A

Series C

Series B

Seed VC - II

Company

Layer Health

Matterworks

Octave Bioscience

Subscribe to see more

Subscribe to see more

Amount

$35.6M

$XXM

$XXM

New?

Yes

Yes

No

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

3

2

3

10

10

Intermountain Ventures Portfolio Exits

13 Portfolio Exits

Intermountain Ventures has 13 portfolio exits. Their latest portfolio exit was Omada Health on June 06, 2025.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

6/6/2025

IPO

$XXM

Public

8

12/30/2024

Acquired

$XXM

2

1/31/2024

Acquired

$XXM

5

5/31/2022

Acquired

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$XXM

Subscribe to see more

10

9/1/2021

Reverse Merger

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$XXM

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10

Date

6/6/2025

12/30/2024

1/31/2024

5/31/2022

9/1/2021

Exit

IPO

Acquired

Acquired

Acquired

Reverse Merger

Companies

Subscribe to see more

Subscribe to see more

Valuation

$XXM

$XXM

$XXM

$XXM

$XXM

Acquirer

Public

Subscribe to see more

Subscribe to see more

Sources

8

2

5

10

10

Intermountain Ventures Partners & Customers

1 Partners and customers

Intermountain Ventures has 1 strategic partners and customers. Intermountain Ventures recently partnered with Layer Health on June 6, 2025.

Date

Type

Business Partner

Country

News Snippet

Sources

6/20/2025

Partner

United States

Layer Health and Intermountain Health to Deploy AI for Clinical Data Abstraction

-- The partnership aims to improve the accuracy , efficiency , and scalability of clinical data abstraction , making Intermountain Health a significant innovation partner and early adopter of Layer Health 's AI-powered chart-review platform .

1

Date

6/20/2025

Type

Partner

Business Partner

Country

United States

News Snippet

Layer Health and Intermountain Health to Deploy AI for Clinical Data Abstraction

-- The partnership aims to improve the accuracy , efficiency , and scalability of clinical data abstraction , making Intermountain Health a significant innovation partner and early adopter of Layer Health 's AI-powered chart-review platform .

Sources

1

Intermountain Ventures Team

2 Team Members

Intermountain Ventures has 2 team members, including current Managing Partner, Nickolas Mark.

Name

Work History

Title

Status

Nickolas Mark

Managing Partner

Current

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Name

Nickolas Mark

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Work History

Title

Managing Partner

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Status

Current

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