SimConverse, a Sydney, Australia-based healthcare startup that provides an AI-based simulation platform for communication practice, raised A$1.5 million in seed funding.
The round was led by Folklore Ventures, with participation from Artesian. The funds will be used to attract more users across the United States, the United Kingdom, and Australia.
SimConverse uses AI to play the role of a patient, colleague, or family member in verbal communications to train the healthcare workforce at a fraction of the current cost, which involves the use of actors.
The startup focuses on enhancing the verbal communication skills of learners at every level. It claims that ineffective communication among healthcare professionals contributes to medical errors and patient harm "with around 70% of medical errors attributed to communication breakdowns."
“Communication is the number one determinant of the quality of care a patient will receive. Without good communication you cannot treat, you cannot diagnose, and you cannot provide care,” Aiden Roberts, CEO and co-founder of SimConverse, said.
Company: Dymaxion Technologies Pty Ltd
Raised: A$1.5M
Round: Seed Round
Funding Month: March 2023
Lead Investors: Folklore Ventures
Additional Investors: Artesian
Company Website: https://www.simconverse.com/
Software Category: Simulation Platform
About the Company: Founded in 2020 by Aiden Roberts and Will Pamment, SimConverse is a simulation platform that uses generative AI to play the role of any patient, colleague, or casualty for healthcare communications training. Starting with communication training, its ambition is to leverage its world-leading technology to fully digitize healthcare education. The company operates in the United Kingdom, Australia, and the United States of America, with over 50 institutions using the platform.
Source: https://www.mobihealthnews.com/news/anz/simconverse-gets-seed-funding-expand-access-healthcare-communications-training