Avelios nabs $31M led by Sequoia to fix the ailing world of healthcare IT

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The race is on to build a new generation of healthcare software to replace legacy hospital systems that in some cases may not have been updated in decades. A startup out of Munich, Germany called Avelios has ambitions to build a new kind of end-to-end administrative system, leaning into more modern tooling using AI and cloud services. On Thursday it announced €30 million ($31 million) in Series A funding as it gains momentum. 

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