California, USA-based next-generation AI+Web3 healthcare platform Lavita AI raised USD 5 million in seed funding. The round took place on May 10, 2023. Camford Capital led the financing for the company. Meanwhile, angel investors from the blockchain and AI industries joined in the seed round.
Purpose of financing for Lavita AI
With the latest proceeds from the Seed funding, Lavita AI seeks to accelerate the development of the company’s AI-first platform and applications for patients, healthcare providers, as well as research institutions.
Meanwhile, Lavita’s partnership with Theta Network allows individuals to participate in the platform and earn LAVITA tokens, a new set of TNT-20 tokens natively built on the Theta Metachain.
What the company’s co-founders have to add
Ali Farahanchi, co-founder and head of business and operations at Lavita AI, said, “This financing round, as well as our integration with Theta – a leading provider of Web3 infrastructure -enables us to accelerate the release of the first decentralized peer-to-peer marketplace for health data. Health data owners such as patients, health networks and research centres will be able to securely share data in a manner that ensures full control and privacy to accelerate the development of new treatments for patients. Another key advantage of our platform is how individuals will be able to access and utilize the most advanced AI technologies, such as those based on Large Language Models (LLMs), tailored and fine-tuned to their own health information.”
What the investors and partners have to add
Mitchell Liu, co-founder and CEO of Theta Labs, further added, “Lavita AI is the first company to offer practical means for patients to own their digital health assets and information, providing both control and monetization without third-party data brokers. One of Lavita’s initial applications will be clinical trial matching built on a custom Theta subchain, allowing multiple stakeholders to access and share sensitive health information privately and securely. Patients will be able to upload their health data, be rewarded in LAVITA TNT-20 tokens and have direct access to clinical trial options without having to rely on physicians for that information. We look forward to collaborating closely with Lavita to expand the utilization of the Theta edge network initially focused on training AI and NLP models.”
About the company
Lavita AI is the first patient-driven platform for securely sharing health data. The company is on a mission to create an AI-first, patient-owned health data economy by connecting the key stakeholders in the healthcare industry directly with patients while maintaining the patient’s data sovereignty and privacy.
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