Ai Startup Aesop Raises $3M To Tackle Medical And Billing Errors
08/31/22, 4:00 PM
Location
berkeleyMoney raised
$3 million
Industry
medical
biotechnology
health care
Round Type
seed
Digital health startup AESOP Technology has raised a $2.95 million series pre-A round to address the growing medical and billing errors problem. The round was led by Taiwania Capital with participation from Colopl Next, 500 Startups, and BE Capital.
Company Info
Location
berkeley, california, united states
Additional Info
Originally from Taiwan, AESOP started as a university spin-off from Taipei Medical University (TMU). Professor Yu Chuan (Jack) Li, the founder and current president of the International Medical Informatics Association, spent ten years before AESOP working on big data approaches to reduce medication errors. AESOP claims that the first few hospitals using DxPrime have seen a 5% increase in reimbursement per inpatient and fewer denials from insurance companies. AESOP will use the funding to secure their push into the US market and strengthen the tech team.