Re:course AI, a Manchester, UK-based conversational AI learning and assessment platform for healthcare professionals, secured $4.3 million (£3.5m) in seed funding.
The round was led by Par Equity, with participation from Northern Gritstone, the GMC Life Sciences Fund by Praetura, Rob Wood, founder of STEM Healthcare, and the founders of Current Health.
The funds will be used to expand its engineering team and grow globally.
Dr. Scott Martin, CEO of Re:course AI, said: “The aviation industry is another sector where safety is of paramount importance, and it has led the way in demonstrating the value of simulated training to maintain and update the skills of pilots. “We believe AI will augment, not replace, the healthcare workforce of the future and we have already demonstrated in our customer implementations that Re:course AI can be the flight simulator for medical training. “We are delighted to receive the backing of our investors, as we are keen to expand our team to respond to growing global demand for our digital human platform.”
Re:course AI uses conversational AI models and digital human avatars in virtual training exercises to provide hospital doctors, GPs, nurses, and other healthcare professionals with realistic patient interactions and automatic feedback.
The AI-powered digital human platform can provide training on any scenario as Re:course AI has teamed up with clinical experts to build up a bank of dozens of avatars with different conditions covering every demographic, thus addressing issues around bias.
Company: Recourse AI Ltd
Raised: $4.3M
Round: Seed Round
Funding Month: February 2023
Lead Investors: Par Equity
Additional Investors: Northern Gritstone, the GMC Life Sciences Fund by Praetura, and Rob Wood
Company Website: https://www.recourseai.com/
Software Category: AI Healthcare platform
About the Company: Founded by Dr. Scott Martin and Dr. Maksim Belousov, Re:course AI is a deeptech company that provides conversational AI learning and assessment platforms for healthcare professionals. It is on a mission to accelerate human performance using AI-powered virtual training. Re:course AI’s software uses digital avatars to simulate training tasks in a healthcare setting. On-screen digital avatars are equipped with natural language technology to recreate patient exchanges and provide feedback. Re:course AI has been described as a ‘flight simulator for healthcare and life sciences and is already being used in healthcare institutions in the United States and the United Kingdom.
Source: https://businesscloud.co.uk/news/ai-healthcare-platform-nets-3-5m-in-seed-funding/