Infermedica raises $30 million to expand AI-driven medical guidance platform

Infermedica, a leading digital health company specialising in AI-powered solutions for symptom analysis and patient triage, on Wednesday announced a $30 million Series B funding round, led by One Peak, and supported by previous investors: Karma Ventures, European Bank for Reconstruction and Development, Heal Capital, and Inovo Venture Partners.

The new investment, which follows a Series A funding round just over a year ago, brings the company’s total funding to $44 million. The capital will be used to support Infermedica in tackling some of the biggest issues facing healthcare through further development of their Medical Guidance Platform (MGP) and adding new modules to cover the full primary care journey.

Infermedica will also increase their global commercial presence and expand their international, remote-first team of industry and medical experts.

“We are incredibly excited to back the Infermedica team as we share their vision of making healthcare more accessible and affordable by automating primary care. We have been particularly impressed with Infermedica’s clinical safety and accuracy, best-in-class user experience, ease of deployment, and customer service. We believe the company has all the ingredients in place to become the global standard for using AI to support patients and healthcare providers in all steps of the primary care journey and we look forward to supporting Infermedica in its next phase of explosive growth," said Humbert de Liedekerke, managing partner, One Peak.

By 2030, up to five billion people will be unable to access even basic healthcare, mainly due to provider shortages and burnout. Infermedica’s mission is to ease the strain on global healthcare systems and make healthcare accessible, convenient and affordable by automating primary care. Infermedica’s MGP is the first step to achieving this vision by supporting and streamlining the healthcare decision-making process, from symptom to outcome.

MGP leverages the same technology behind Infermedica’s successful Symptom Checker tool, which has been used by over 10 million users globally, to triage patients to the right level of care. Infermedica plans to further develop the solution to enable seamless handover to providers, including EHR integration, as part of the intake process, as well as automating follow-ups to close the feedback loop. In the US alone, administrative simplification could reduce healthcare spending by over a quarter-trillion dollars ($265 billion) annually.

“We are excited to see Infermedica's plans to expand on their tools for preliminary health assessments. At Sana, our Symptom Checker, which is based on Infermedica’s technology, is directed towards patients and helps patients to understand and assess their symptoms. But the application also helps us to better understand what kind of treatment our patients require. These insights are evaluated and translated into actions which allow us to further improve the way we care for our patients,” sid Michael Rosenstock, head of Sana Digital, Sana Kliniken.

— business@khaleejtimes.com