New investments to raise utilization of AI in healthcare

The utilization of artificial intelligence (AI) has transformed the healthcare sector. From giving insights based on image data to streamlining the supply chain process, AI is proved to be a major factor in improving the efficiency and quality of care in the healthcare sector. Investors have realized the importance of AI platforms and technologies in healthcare and putting their money on the table to improve the offerings of technology firms for healthcare applications. New funding have been raised by market players offering AI solutions to various aspects of the healthcare sector such as supply chain of pharmaceuticals and centralized platform for physicians. The demand for AI in healthcare will continue to increase in the coming years.

• New Funding for Healthcare Supply Chain Backed By AI

Raising funding is one of the major strategies adopted by market players to expand their product portfolio and open new avenues for the growth. Vamstar, one of the leading AI-power global sourcing and procurement platforms for pharmaceuticals and medical supplies, raised the funding of $9.5 million in a Series A funding. The round was led by Alpha Intelligence Capital (AIC) and Dutch Founders Fund (DFF) along with the current investors such as btov Partners and Antler. The investment will be utilized in consolidating the healthcare supply chain in UAE through the utilization of AI.

Vamstar will utilize the investment for product development and speed up market expansion. Its consumables and generic exchange platform will utilize AI to increase data quality for eCommerce and digitalize the processes of sourcing and procurement for suppliers and buyers. The AI-based platform of Vamstar is aimed at filling up the gap in the supply chain of the healthcare sector. Terry Chou, Partner at Alpha Intelligence Capital, highlighted that there is a huge opportunity for the Vamstar platform in the healthcare supply chain market. The natural language processing ability of the platform will set the company apart from other companies. Through the investment, the firm will try to set a new standard for supply chain processes in the healthcare sector.     

• New funding for AI-powered centralized platform

The trend of raising funding continues as the need to improve IT systems in the healthcare increases for efficient operations. Aidoc raised the funding of $110 million in a Series D round. This investment round was led by Alpha Intelligence Capital (AIC) and TCV. Moreover, CDIB Capital, the co-investor of AIC participated in the round. Aidoc provides an AI Care Platform that offers an intelligent layer for IT systems in hospitals. This platform is a centralized platform that addresses the needs of physicians about care points in the system. In addition, it provides insights based on the analysis of electronic medical records, imaging data, and others. The platform is developed with an aim of providing high-quality of treatment and enabling physicians spend more time in engaging with patients than before. With more than 1,000 hospitals and healthcare centers utilizing their platform, the new funding will be utilized for expansion of the clientele and improve the product offerings.

 

Related Post