Israeli healthcare solutions provider AI Aidoc raises $110 million

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Israeli provider of AI-based healthcare solutions Aidocon Thursday announced the completion of a $110 million Series D funding round.

The round was co-led by global growth investors TCV and Alpha Intelligence Capital (AIC), alongside participation from AIC co-investor CDIB Capital.

Aidoc’s platform enables hospitals to meet their most important challenges, especially in the post-pandemic reality of doctor and nurse shortages, rising supply costs and an increasingly economic environment. more difficult.

The pandemic has exacerbated workforce shortages and burnout in healthcare systems around the world, particularly in the United States where 30 percent of staff have chosen to retire and a further 31% plan to leave the healthcare profession altogether.

Founded in 2016, Aidoc helps medical specialists report acute abnormalities in real time. It has developed FDA-cleared AI-based solutions that analyze medical images for critical conditions and trigger alerts directly in the imaging workflow, which speeds up treatment and improves overall quality of care for the patients. The company’s healthcare AI platform is currently used by healthcare network radiologists, hospitals and radiology groups worldwide and has analyzed more than 8 million cases to date.

Aidoc applies its AI-driven medical imaging capabilities and multidisciplinary response teams across the entire hospital enterprise, helping physicians manage the entire continuum of patient care under their AI Care Platform. This platform enables radiologists and other imaging professionals to quickly assess potentially urgent cases, and it allows physicians to spend more time engaging patients rather than being overwhelmed with manual processes.

“We are building the kind of breadth and depth of AI that enables hospitals to fundamentally change the way they do business and provide the solutions needed to compete successfully in these challenging times,” said Elad Walach, CEO of Aidoc. “Aidoc is already the leading imaging AI platform, but with this new round of investment, our goal is to massively scale up our AI care platform to cover both the different ranges of hospital medical services and the depth of integration into clinical workflows, empowering hospitals to enable interspecialty care teams and deliver the highest quality of care in a scalable and efficient manner to patients.

“Founded with a patient-centric and product-centric mindset, Aidoc has a bold vision to forge a new market category in healthcare and deep, established roots in medical imaging,” says Gopi Vaddi, General Partner at TCV. “We believe Aidoc’s platform will change the way hospitals operate and serve as the missing layer of intelligence needed to transform healthcare.”

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