Tel Aviv, Israel-based digital health startup Agamon Health raised USD 5 million in recent funding. The company announced the fundraise on November 8, 2022. Leading VC firm focusing on Digital Health, eHealth Ventures led the financing for the firm.
Purpose of financing for Agamon Health
With the latest injection of capital from eHealth Ventures, Agamon Health intends to drive further development of its platform.
Besides, the company seeks to expand the commercialization of Agamon’s automation platform.
What the CEO of Agamon Health has to say
Speaking on the recent development, Michael Meiri, CEO of Agamon Health, said, “This strategic investment coming from industry leaders supports the vision of redefining patient management with AI automation.”
Meiri further added, “Through our deployments in some of the largest US healthcare organizations, we have demonstrated a significant increase in patient adherence, helping our customers drive new financial value and improve patient outcomes. We are committed to further advancing patient workflow management, introducing new solutions to the market and empowering the providers in bridging the healthcare gap.”
What the investor has to say
Talor Sax, CEO of eHealth Ventures, said, “Automation is the future of patient management, and Agamon’s novel technology is bridging the gap in patient workflow management. We are happy to participate in this round of financing and are sure to bring added strategic value to the company.”
Mayo Clinic, Maccabi (leading Israeli HMO), Amgen (global biotech giant), Medison Ventures, Arad Investments, and the Hadar Group are the partners of eHealth Ventures.
What the Henry Ford System official has to add
Dr Daniel Siegal, former Vice Chair of Radiology at Henry Ford System, said, “We have deployed Agamon’s solution at Henry Ford Health System to close the patient care gap. With Agamon, we have managed to identify three times more follow-up recommendations, previously buried in the radiology reports. Agamon offers not just a technological solution but also workflow improvement that focuses on quality and outcomes. I believe Agamon can provide a much-needed solution in radiology patient management, allowing us to bridge this healthcare gap that affects so many lives every day.”
About the company
In 2018, founders Michal Meiri, Omri Sivan and Rotem Lev-Zwickel launched the company. It deals with redefining patient management in radiology, replacing manual processes with smart automation. Its Automated Follow-Up Platform specializes in understanding medical reports and translating them into actions. The platform leverages advanced AI and natural language processing. eHealth, MMC, Inhealth ventures and Seedcamp are backers of Agamon Health.
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