Ferrum Health, a San Francisco, CA-based healthcare artificial intelligence (AI) platform developer, raised $6 million in funding.
The round was led by Urban Innovation Fund, Cercano Management, and Singtel Innov8.
The funds will be used to continue developing its Enterprise AI Platform, designed to help healthcare providers improve patient care and to expand its health system customer base to make intelligent healthcare accessible to all.
"We are excited to have the support of Urban Innovation Fund, Singtel Innov8, and Cercano Management in our mission to bring AI to healthcare," said Pelu Tran, CEO of Ferrum Health. "Our platform has already demonstrated its value to healthcare providers, and we believe it has the potential to revolutionize the way doctors deliver care to their patients."
Ferrum has already seen significant traction for its Enterprise AI Platform, with major healthcare organizations such as Sutter Health and Carle Clinic adopting its technology.
The company's AI platform uses advanced machine learning algorithms to analyze medical data, providing doctors with insights and recommendations that can help improve patient care.
Company: Ferrum Health Inc.
Funding Month: January 2023
Lead Investors: Urban Innovation Fund, Cercano Management, and Singtel Innov8
Company Website: https://ferrumhealth.com/
Software Category: Healthcare artificial intelligence (AI) platform
About the Company: Ferrum Health is a health technology company that developed an Enterprise AI deployment platform to improve patient outcomes by democratizing health systems' access to the most innovative and impactful clinical AI technologies worldwide. The solution provides end-to-end AI Hubs able to run countless applications across many service lines and seamlessly integrate clinical imaging and administrative data. As of 2022, more than 750,000 unique patient records have been analyzed via the Ferrum Enterprise AI Platform.