COPENHAGEN, Denmark–()–Corti.ai, one of the leading SaaS companies in the fast-growing category of Artificial Intelligence for healthcare, announces a $27 Million Series A round.

The investment was led by Vaekstfonden -The Danish Growth Fund and Chr. Augustinus Fabrik, who joins existing investors Hearcore, Id Invest, and byFounders. The company was founded by Lars Maaløe and Andreas Cleve in 2016.

Unlike the majority of Artificial Intelligence startups that are pursuing image recognition use cases, Corti has focused on improving the workflow around patient consultations. Corti’s machine learning platform can listen in during patient consultations and help to document, code, and quality assure the interaction in real-time, saving time and reducing risk. Corti started working within emergency medicine, supporting emergency calls focused on cardiac arrest and COVID-19 cases but has since then moved into supporting medical staff conducting consultations across healthcare.

Andreas Cleve CEO:

“Healthcare professionals only have a few minutes with each patient, and these encounters are compromised by keyboards and screens, hated by patients and doctors alike. What we’ve been able to prove at Corti is that machine learning can be a life-saving tool by offering a new kind of “deep listening” that will not only improve patient outcomes but also save time and money”.

The company’s patented technology automatically listens in during patient consultations on phone or video. Here it uses machine learning models to transcribe and analyze thousands of variables within each consultation.

Lars Maaløe CTO:

“Not only is our technology able to document consultations, it automatically compares each patient’s symptom description to millions of other patients to offer real-time decision support during the engagement, like nothing else available in the market today.”

Since its inception several studies have validated the efficacy of Corti’s human-computer partnership and found that Corti can help medical professionals deliver best-in-class results. Research from Copenhagen Emergency Services found that Corti could help reduce the amount of undetected out-of-hospital cardiac arrest cases by more than 40%, with almost no training of the personnel needed.

The new funding comes on top of the $5m seed round raised in 2019, and the company plans to use the money to fuel its expansion into primary care in the US. We will use this $27m…

Continue reading: https://www.businesswire.com/news/home/20210909005416/en/Corti.ai-Raises-27-Million-in-Series-A-Funding-to-Transform-Patient-Consultations-With-Artificial-Intelligence

Source: www.businesswire.com