PanopticAI, a Hong Kong-based health and wellness monitoring startup, announced a deal closing on seed-round funding.
The round was co-led by Alibaba Hong Kong Entrepreneurs Fund (AEF) and Gobi Partners GBA (Gobi GBA), with participation from the HKUST Entrepreneurship Fund (E-Fund) and other renowned investors, marking a promising move in the digital healthcare industry.
This funding will be used to accelerate the company's regulatory strategy and solidify its strategic position in Hong Kong, the Greater Bay Area, and other emerging markets.
"PanopticAI's mission is to make remote healthcare diagnostically accurate, accessible and scalable with Vitals, our AI-based, hardware-agnostic health monitoring software suite. Designed to be a low-cost, low-barrier, future-forward solution for businesses and consumers, Vitals revolutionises how our health is measured, interpreted and managed. With the support we gained from AEF, Gobi GBA, E-Fund and our new investors, our goal is to be universally trusted as the go-to option by businesses as well as consumers looking to reach their full health potential." said Kyle Wong, CEO & Co-founder of PanopticAI.
PanopticAI is innovating next-generation digital health solutions to provide users with a holistic analysis of their health.
Vitals, the company's camera-based health and wellness monitoring solution, empowers everyone to take charge of their health - especially the lower income brackets and other vulnerable segments across the globe - with affordable and quality healthcare services that can be easily accessed through our everyday devices.
PanopticAI continues to work with clients across various industries such as telemedicine, corporate wellness, construction, insurance, fitness, mental health, and more.
The startup is also exploring partnerships with international insurance companies to provide new solutions for straight-through processing, dynamic underwriting, and enhancing the customer experience.
Company: PanopticAI Ltd.
Raised: Undisclosed
Round: Seed Round
Funding Month: January 2023
Lead Investors: Alibaba Hong Kong Entrepreneurs Fund (AEF) and Gobi Partners GBA (Gobi GBA)
Additional Investors: HKUST Entrepreneurship Fund (E-Fund)
Company Website: https://panoptic.ai/
Software Category: Health and Wellness Solution
About the Company: Founded in 2020 by researchers and scientists from the Hong Kong University of Science and Technology, PanopticAI provides next-generation health and wellness solutions. It combines artificial intelligence, advanced signal processing, and pioneering software to provide a better lifestyle. The company focuses on telemedicine, insurance, elderly care, corporate wellness, construction, and other industries. Strongly rooted in the academic and scientific communities, PanopticAI powers the next era of high-performance solutions through scientific breakthroughs backed by academic and clinical research, addressing the challenges of today and meeting the needs of tomorrow.
Source: https://finance.yahoo.com/news/panopticai-secures-fundraising-co-led-020000508.html