Lavita AI, a San Francisco, CA-based next-generation AI+Web3 healthcare platform, closed a $5 million seed financing round led by Camford Capital and angel investors from the blockchain and AI industries.
The funds will be utilized to expedite the development of Lavita's AI-first platform and applications, which will benefit patients, healthcare providers, and research institutions.
“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 centers 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,” said Ali Farahanchi, co-founder and head of business and operations at Lavita AI. “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.”
Lavita provides a privacy-preserving infrastructure for sharing and analyzing health data securely, returning ownership, control, and value of health data to individuals. Biopharma companies can utilize Lavita's platform to share data securely across multiple parties for applications in drug discovery or development partnerships.
Company: Lavita AI
Raised: $5.0M
Round: Seed Round
Funding Month: May 2023
Lead Investors: Camford Capital
Additional Investors:
Company Website: https://www.lavita.ai/
Software Category: AI+Web3 Healthcare Platform
About the Company: Lavita is the first patient-driven platform for the secure sharing of health data. Hosted on Theta Metachain and powered by advanced privacy-preserving computation and AI models, Lavita provides the healthcare ecosystem with a decentralized data marketplace connecting providers, patients and data contributors, and research institutions. The platform empowers individuals to utilize their health data to earn LAVITA tokens built on the Theta TNT-20 protocol. The company's mission is 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.
Source: https://www.businesswire.com/news/home/20230510005446/en/Lavita-AI-Raises-5M-Seed-Financing-to-Launch-the-First-Patient-Driven-Health-Information-Marketplace-to-Accelerate-Life-Sciences-Innovation