SAN FRANCISCO, Jan. 12 — Ferrum Health, a healthcare artificial intelligence (AI) platform provider, announced a USD 6 million fundraising round headed by Urban Innovation Fund, Cercano Management, and Singtel Innov8.
“We are thrilled to have the backing of Urban Innovation Fund, Singtel Innov8, and Cercano Management in our objective to apply artificial intelligence to healthcare,” stated Pelu Tran, CEO of Ferrum Health. “Our technology has already proven its worth to healthcare professionals, and we believe it has the ability to change the way doctors care for their patients.”
Ferrum’s Enterprise AI Platform has already gained traction, with large healthcare companies like Sutter Health and Carle Clinic embracing its technology. The company’s AI platform analyzes medical data using powerful machine learning algorithms, offering clinicians insights and recommendations to enhance patient care.
Sutter Health’s Chair of Radiology, Dr. Jason Wiesner, stated:
“Ferrum Health’s AI platform has been a great tool for our doctors as AI has become the standard of care throughout the clinical spectrum. It allows us to guarantee the quality of crucial diagnoses swiftly and correctly, generating insights that can help us improve patient care. We look forward to working with Ferrum Health as their platform grows.”
The money will be used to continue building its Enterprise AI Platform, which is meant to assist healthcare professionals in improving patient care and grow its health system client base to make intelligent healthcare accessible to all.
According to Julie Lein, Managing Partner of Urban Innovation Fund:
“Ferrum Health is constructing the “Plaid for AI” in healthcare data. This compelling vision will change how AI is used in clinical settings, decreasing medical mistakes and saving millions of lives.”
The healthcare AI industry will likely develop significantly in the future as more healthcare providers seek methods to improve patient care while lowering costs. Adopting AI technology in healthcare, on the other hand, might be difficult since it demands major investment and a willingness to embrace new technologies. Ferrum assists health systems in overcoming obstacles to AI deployment. Ferrum provides unmatched data protection through a privately installed platform and a growing and a vast portfolio of AI applications across a wide range of therapeutic fields that promote early diagnosis and response.
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