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Ferrum Health Raises $6 Million To Bring Artificial Intelligence Into Healthcare

Jan 12, 2023almost 3 years ago

Amount Raised

$6 Million

SunnyvaleMachine LearningArtificial IntelligenceHealth CareInformation Technology

Investors

Singtel Innov8Cercano ManagementUrban Innovation Fund

Description

Ferrum Health, a healthcare artificial intelligence (AI) platform developer, announced that it has recently raised $6 million in a funding round led by Urban Innovation Fund, Cercano Management, and Singtel Innov8.

Company Information

Company

Ferrum Health

Location

Sunnyvale, California, United States

About

Ferrum Health developed an Enterprise AI deployment platform to improve patient outcomes by democratizing health systems' access to the most innovative and impactful clinical AI technologies worldwide. The solution provides end-to-end AI Hubs able to run countless applications across many service lines and seamlessly integrate clinical imaging and administrative data. As of 2022, more than 750,000 unique patient records have been analyzed via the Ferrum Enterprise AI Platform.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers