VitruvianMD a South African-based e-health startup has secured US$659,000 funding round to scale its propriety technology and carry out more of its pilot testing.
The funding round was led by Verge Healthtech Fund a Singapore-based firm while featuring some other angel investors.
The e-health startup was founded in 2021 and it fuses state-of-the-art artificial intelligence (AI) and biomedical engineering to offer cost-efficient and reliable diagnostic tools for health laboratories.
Speaking on the raised funding round, Ifthakaar Shaik, CEO and Co-founder at VitruvianMD said:
“The core of our business is delivering AI-powered diagnostic software into under-resourced areas, and to date, we have built a platform that enables this in various fields of pathology.
To further facilitate access, we have also developed a low-cost, high-quality camera that can retrofit any microscope instantly enabling digital tele-pathology”
Stating further, Shaik explained that the e-health startup is large enough to be deployed in any form of microscopy-based diagnostics and that has been proven by the startup’s pilot programs in the field of histopathology, fertility and hematology.
He also added that the goal of the raised fund is to achieve the commercialization of one of the startup’s diagnostic modules in the next one and a half years.
VitruvianMD was co-founded by Frando Lin, Ifthakaar Shaik and Byron Jacobs with a relentless pursuit of high-quality, decentralized, accessible, affordable healthcare for all.
VitruvianMD’s vision is creating a world where access to healthcare is no longer limited by wealth or proximity to traditional healthcare providers, such as clinics and hospitals, but is as ubiquitous as the smartphone.
Its mission is to develop and apply advanced Artificial Intelligence techniques in medical diagnosis to reduce cost, improve accuracy and enable better service delivery through faster turnaround times.
By dealing with the mundane, we create efficiency and empower Medical Professionals to apply their minds and time to better service their patients.
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