Hi Rasmus lands $50M from Updata to scale autism-care software

What's the deal? Hi Rasmus, an ABA-first clinical technology platform for behavioural health providers, has raised $50 million in a growth equity round led by Updata PartnersDealroom has a profile for this one. Try Dealroom →, a B2B software growth investor. The deal is structured as a strategic minority investment, with founders retaining majority ownership.

What does the company do? Hi Rasmus builds software for applied behaviour analysis (ABA) care, bundling clinical data collection, scheduling, outcomes reporting, and AI-supported tools into one system. Founded in Denmark after CEO Nikolaj Hendriksen navigated autism care for his son, Rasmus, the company aims to positively impact 1 million children and families.

By the numbers: Hi Rasmus serves more than 1,000 customer organisations across all 50 US states and 90 countries. Since landing its first US customers in 2021, it has grown to support more than 19.6 million hours of client sessions annually and is now onboarding two of the world's largest ABA providers.

What's the money for? The funding will back product innovation, AI, enterprise capabilities, integrations, and clinical research. It will also help Hi Rasmus scale its team and infrastructure to reach more behavioural health organisations and schools.

What they're saying: "We were never trying to build a software company," Hendriksen said, adding that Updata offers "an experienced partner who can help us move faster." Braden Snyder, general partner at Updata, cited the "combination of extraordinary growth, a deeply mission-driven culture, and a clear vision." Snyder will join Hi Rasmus's board.

The signal: At $50 million, the round sits in the upper tier of deals by size, reflecting investor appetite for vertical software that targets a specific, high-need clinical market. Hi Rasmus's bet is that tools built from inside the experience of autism care can scale without shedding the mission that started them.

Read more: business.theeveningleader.com

Image credit: Hi Rasmus