Belgian AI-powered clinical data platform LynxCare has raised €20 million in funding to accelerate the international rollout of its technology.
The Series A investment was led by Swiss healthtech investor MTIP and joined by Elaia and the company’s early-stage investors Heran Partners, BTOV, and PMV.
Hospitals have been digitized for a while now and have an enormous amount of data at their disposal to develop better patient care and scientific research.
However, an estimated 90% of this data remains unused due to technical glitches.
Founded in 2015 by Georges De Feu and Dries Hens, the Belgian platform is enabling hospitals to unlock this siloed, legacy data to gain insights into the real-world performance of treatments and fuel clinical insights for doctors.
The company uses AI and Natural Language Processing (NLP) to improve patient outcomes.
The new funding will speed up the international rollout of its platform. Georges De Feu, co-founder and CEO of LynxCare said: “We’re at the forefront of a revolution where neither medical practice nor scientific convention but the actual patients and their data will define the course of healthcare.”
Read more on Tech Gist Africa:
Cambridge-based Spirea raises $3 million
Amsterdam’s Bits of Stock bags $4.4 Million
Sweden’s EV Platform Carla raise €19 million