AI and data specialist RwHealth has announced a successful raise of £6.1m in Series A funding.
The company supports over 40 healthcare providers in the UK and internationally, to glean insight and value from data and analytics by utilising the company’s data science platform, through a combination of artificial intelligence, machine learning and data science techniques.
The company said the development means that, “healthcare providers access the best and most in-depth data available, helping them to make better decisions, and improve outcomes for their patients.”
The raise, led by Maven VC and existing investor Guinness Asset Management, comes after the company recently reported 160 per cent year-on-year growth.
Orlando Agrippa, CEO and Founder of RwHealth, commented on the news: “As we continue to accelerate and invest in the ethical use of clinical research data to advance new medicines for patient care, this funding gives us the capital needed to carry out our immediate plans while delivering AI solutions which will help future-proof our NHS.
“The raise will support our work with UK and US healthcare partners, helping us to provide deeper clinical care technologies, while supporting post-pandemic recovery efforts with our AI Data Science Platform.”
As part of the HTN interview series last month, Ade Odunlade, Chief Operating Officer at Derbyshire Healthcare NHS Foundation Trust explained to us how the solution is supporting them: “We’re beginning to understand predictions – we are able to predict and understand how to use those to match the resources that are provided. It [working with RwHealth data science platform] has also given us the opportunity to understand variations in services, what those are and why they exist.
“It’s also helped us to understand how our services are performing. A lot of people think that managing performance can be quite scary but, I think, that it’s something to embrace. When you have data that tells you what is going on, it also acts as encouragement to a lot of staff – they can see how well they are doing, what they can do more of, or do differently.”
