DAVIDSON, N.C., May 9, 2023 — A leading supplier of innovative clinical AI technology and solutions, Lucem HealthTM, revealed today that it had successfully closed a Series A fundraising round totaling USD 7.7 million. This round of funding, which expands on Lucem Health’s early capital and includes funding from current partner Rally Ventures, is led by Mayo Clinic, Granger Management, and Mercy (St. Louis).
The money will be used to improve Lucem Health’s platform for deploying clinical AI solutions, increase the company’s solution portfolio, and boost its capacity for sales and marketing.
The business supports clinical AI pioneers in transforming data science into cutting-edge, dependable solutions that can diagnose diseases sooner and optimize care delivery, significantly influencing patient lives, enhancing the experiences of doctors and other healthcare professionals, and eventually leading to better outcomes.
“AI has enormous potential to change and improve how doctors and other healthcare professionals practise medicine, make decisions, and care for patients. But as of now, we have only begun to scratch the surface of AI’s possibilities in healthcare, according to Sean Cassidy, the company’s first CEO. “We founded Lucem Health to hasten the careful, responsible integration of powerful AI-generated insights into care delivery workflows. We value the trust and support of our investors in this difficult capital environment.
A series of products called Lucem Health Reveal, which Lucem Health just released, identifies people who might be more susceptible to developing severe or chronic conditions. Reveal solutions make use of widely accessible clinical data to uncover previously unknown insights, assisting doctors and other healthcare professionals in improving patient health outcomes and increasing the financial value of their organisations.
About Lucem Health:
Lucem HealthTM develops scalable, trusted point-of-care solutions based on the science of clinical AI. They bring the full power and potential of clinical AI from the lab to the front lines of healthcare, where it can aid clinicians in providing better care, improving patient outcomes, and reducing costs. They do this with our comprehensive, AI agnostic platform for building, operationalizing, and improving clinical AI solutions. They picture a world in which patients receive top-notch treatment everywhere and professionals identify issues before they become life-threatening.
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