Altris AI, a Chicago, IL-based AI platform for eye care professionals to combat blindness, raised $1 million in funding.
The investment round was led by Runa Capital, with participation from Joint Journey, Pharmaceutical Company Farmak, Artesian, Brinc Limited, University of Chicago Booth School of Business, and Chicago Booth Angels.
Altris AI will use the investment to scale its AI-powered eye pathology diagnostics solution.
“We are convinced that blindness can be prevented since it’s predictable. Our core motivation is to develop the most accurate and powerful tool we are able to. We are happy to have the support of a group of VCs that share our values of applying technology for global healthcare,” said Andrey Kuropyatnyk, Founder and CEO of Altris AI.
Originally from Ukraine and headquartered in Chicago, the company is building solutions for the $58 billion global ophthalmology market. Over 1 billion people with preventable blindness conditions, such as glaucoma, late AMD, and others struggle due to poor access to proper diagnostics and treatment.
Company: Altris, Inc
Funding Month: December 2022
Lead Investors: Runa Capital
Additional Investors: Joint Journey, Farmak, Artesian, Brinc Limited, University of Chicago Booth School of Business, and Chicago Booth Angels
Company Website: https://www.altris.ai/
Software Category: Ophthalmic Image Management System
About the Company: Founded by Maria Znamenska and Andrey Kuropyatnyk, Altris is a unique ophthalmic image management system powered by AI. It provides an AI-powered medical image management platform, which is installed in over 30 clinics. Altris AI improves the diagnostic process for ophthalmologists and optometrists by automating the selection of pathological OCT scans and the detection of 54 pathological signs and 49 pathologies. The company also has a free educational mobile app with over 11,000 active users among ophthalmologists and optometrists. It has partnered with global OCT distributors and equipment manufacturers such as Topcon Healthcare, Optopol, and Huvitz. Currently, the team consists of 31 people comprising 93.6% from Ukraine.