AlgoDx Raises 600 000 EUR in Seed Round to Develop Machine Learning Algorithm Diagnostics
Stockholm-based AlgoDx, which focuses on supporting disease detection and prediction with machine learning algorithms, has closed a 6 MSEK (600 000 EUR) seed round led by Nascent Invest with participation from angel investors Fredrik Sjödin and Tomas Mora-Morrison, co-founder of Cambio Healthcare Systems.				
Today, the U.S. Food and Drug Administration authorized marketing of software to assist medical professionals in the acquisition of cardiac ultrasound, or echocardiography, images. The software, called Caption Guidance, is an accessory to compatible diagnostic ultrasound systems and uses artificial intelligence to help the user capture images of a patient's heart that are of acceptable diagnostic quality.				
Medicus AI, the Vienna-based health tech company, has received a Class I Medical Device CE Mark for its mobile application. The CE certification mark confirms that Medicus AI conforms to the requirements of the Medical Devices Directive 93/42/EEC. The Directive outlines safety and performance requirements for medical devices in the EU.				
PatchAi - a startup that offers, thanks to Artificial Intelligence and Machine Learning, an empathic virtual assistant to patients participating in clinical trials - announced that it has closed two rounds of fundraising for about 900 thousand euros in 2019. The startup's service provision has been active since December 2019 and among the first PatchAi® clients is Novartis Italia, thus confirming its position as one of the fastest rising startups in the health sector.				
Brainlab, the digital medical technology company, announced the recent acquisition of VisionTree Software, Inc., a San Diego based company that develops cloud-based, patient-centric data collection and health management solutions. The acquisition re-emphasizes the Brainlab commitment to