Exosystems, a Seoul-based AI-based healthcare startup, raised $3.9 million in Series A funding to improve the treatment for neurorehabilitation patients via AI-powered wearable sensors.
With participation from SBI Investment, Laguna Investment, and Korea Technology Finance Corporation, the round brings the total funding raised by the startup to $4.5 million.
The new capital will allow Exosystems to expand its clinical and technical capabilities, boosting its R&D and overseas business expansion efforts.
Company: ExoSystems Co., Ltd.
Raised: $3.9M
Round: Series A
Funding Month: October 2021
Lead Investors:
Additional Investors: SBI Investment, Laguna Investment, and Korea Technology Finance Corporation
Company Website: https://www.exosystems.io/
Software Category: AI-powered IoT rehabilitation solutions
About the Company: Founded in 2017, Exosystems provides an IoT rehabilitation solution for rehabilitation patients. Exosystems' rehabilitation solution provides optimized exercise program (contents) to patients through analyzing user rehabilitation activity data. It also provides entertaining rehabilitation exercises to encourage the patients in their quick recovery. Using Exosystems enables rehabilitation to be available at a lower cost, while also providing rehabilitation more efficiently by using robotics and data analysis technology.
Source: https://gritdaily.com/exosystems-secures-3-9-mln-in-series-a-funding-to-bring-musculoskeletal-system-care-and-ai-together/