Teton.ai, a Copenhagen, Denmark-based health tech startup building an AI companion for nurses, announced that it secured $5.3 million in funding.
The round was led by Plural, with participation from strategic angel investor Finn Murphy, formerly at Frontline Ventures.
The funds will be used to expand its engineering and commercial teams to help roll out the product in Denmark. The company also plans to utilize the capital to expand to the rest of the Nordics, Germany, the UK, and the US.
The company uses AI and computer vision to provide nurses with tools to assist them, watch patients in real time, and stay on top of paperwork.
Currently, Teton.ai’s product provides a comprehensive and anonymized overview of the ward. The AI assistant acts as an extra pair of eyes and ears so nurses can focus on delivering high-quality care. In Denmark, Teton.ai is currently working with Nykøbing Falster Hospital and Næstved Hospital, among others.
Company: Teton.ai ApS
Raised: $5.3M
Round: Unknown
Funding Month: April 2023
Lead Investors: Plural
Additional Investors: Finn Murphy
Company Website: https://www.teton.ai/
Software Category: Patient Monitoring and Workflow Management
About the Company: Founded by Mikkel Wad Thorseen, and Esben Klint Thorius, Teton.ai is an AI company that developed an AI companion for nurses to help monitor patients and optimize workflows while saving up time spent on observational and paperwork activities. They develop cutting-edge deep learning and computer vision products to empower caregivers to do more with less. The company’s mission is to reignite nurses' passion for the art of patient care without the stress of being overworked or understaffed, the uncertainty of unpreparedness, or the burden of tedious administrative work. Its primary clients are hospital systems, municipalities, and nursing facilities.
Source: https://siliconcanals.com/news/startups/copenhagen-teton-ai-bags-4-8m/