AITRICS, a Seoul, South Korea-based medical artificial intelligence (AI) company, has secured KRW 27.1 billion ($21M) in Series B funding, bringing its total funding to $29 million.
Investors
The round was led by existing investors Premier Partners, BNH Investment, and BSK Investment, with follow-on participation from Boneum Investment, DS Investment & Securities, Ulmus Investment, HB Investment, Shinyoung Securities, and HRZ.
Premier Partners, a Korean domestic funds management company, offers investment services for individuals and businesses. The firm provides growth financing to companies operating across various sectors within South Korea.
Founded in 2015, BNH Investment is a venture capital firm based in Seoul, South Korea, that provides investment advisory, discretionary investment, and other related financial investment services. The firm seeks to invest in the healthcare and biotechnology sectors.
BSK Investment is a venture capital firm based in Seoul, South Korea. The firm seeks to invest in start-ups to pre-IPO stage companies operating in the information technology, bio/healthcare, chemicals, materials, and energy sectors.
About AITRICS
AITRICS, founded in 2016, is a specialized medical artificial intelligence company focused on vital signals. Its flagship product, AITRICS-VC (Vitalcare), is an artificial intelligence solution designed to predict patient deterioration. Vitalcare operates by monitoring hospitalized patients in real-time and forecasting potential deterioration, such as sepsis, death, and cardiac arrest, at early stages. Vitalcare received approval from the Ministry of Food and Drug Safety in October 2022 and has been utilized in over 40 hospitals in Korea.
Funding Details
Company: AITRICS Corp.
Raised: $21.0M
Round: Series B
Funding Month: March 2024
Lead Investors: Premier Partners, BNH Investment, and BSK Investment
Additional Investors: Boneum Investment, DS Investment & Securities, Ulmus Investment, HB Investment, Shinyoung Securities, HRZ
Company Website: https://en.aitrics.com/
Software Category: Healthcare AI
Source: https://platum.kr/archives/224723