Medwise.ai, a London, UK-based digital health and AI business that provides a search platform for medical professionals and healthcare organizations, secured £1 million in seed funding.
The round was led by Finance Yorkshire, with participation from health-tech investors StartUp Health and CalmStorm VC and deep-tech accelerator and venture capital fund Deeptech Labs.
The company will use the investment to scale up operations and strengthen its sales and marketing activities in the UK. Stephen Cardwell, of Finance Yorkshire, will join the Medwise.ai board.
Medwise.ai also has the backing of clinician investors Dr. Michelle Tempest at Candesic and Dr. Chris Kelly at Google Health. SFC Capital has made a follow-on investment after leading a previous round of funding for Medwise.ai.
Dr. Keith Tsui, chief executive and co-founder of Medwise.ai, said: “I am thrilled to have secured our seed funding and excited to accelerate our mission to empower clinicians with AI and search technologies. “Our product provides clinicians with one search for clinical knowledge and local guidelines. Instead of Googling or going through outdated local websites or intranets, Medwise.ai enables clinicians to find the information they need to make decisions for patients rapidly at the point of care.”
The Medwise.ai search platform uses natural language processing and artificial intelligence technology to help clinicians quickly find concise and actionable answers at the point of care. It aggregates results and integrates with information sources such as national guidance websites and local guidelines documents.
Company: Medwise AI Ltd
Raised: £1.0M
Round: Seed Round
Funding Month: March 2023
Lead Investors: Finance Yorkshire
Additional Investors: StartUp Health, CalmStorm VC, and Deeptech Labs
Company Website: https://medwise.ai/
Software Category: Search Platform
About the Company: Founded in 2019, Medwise.ai is a search platform for medical professionals and healthcare organizations that significantly reduces the time clinicians spend looking up information during consultations, enabling them to see more patients and improve care quality. The company's mission is to empower healthcare professionals and make their lives easier. Medwise.ai has seven employees and is headquartered in Leeds, from where it plans to strengthen its operations in the Yorkshire region.
Source: https://www.uktechnews.info/2023/03/23/medwise-ai-secures-1m-seed-investment-from-investors-including-finance-yorkshire/