AI healthcare start-up Your.MD closes $10m in funding
Funding will allow Startups 100-featured company to support the growth of its platform and multiply its commercial partnerships
Your.MD, a London-based digital healthcare start-up, has secured $10m in funding led by Orkla Ventures, with participation from Smedvig Capital AS.
Founded by Matteo Berlucchi and Alessandro Traverso in 2013, Startups 100-listed Your.MD is an artificial intelligence-based (AI) health information service that allows anyone to diagnose their maladies and receive personalised medical advice.
Run in partnership with the NHS, the system has been designed to understand personal factors and individual situations and offer medically certified guidance on the best available next stop options via OneStop Health – its global marketplace of trusted health service providers.
Available on iOS and Android, as well as online through Facebook messenger, Ki, Skype, Slack and Telegram, Your.MD claims to have been downloaded more than 2.1 million times to date.
This funding follows a $5m round from Smedvig Capital in 2015 and will be used to support the growth of Your.MD’s platform and to “consolidate its position at the forefront of AI development in the digital health sector”.
The company will also expand the OneStop Health platform; currently helping 35 international and local digital health businesses connect with users, Your.MD hopes to multiply its commercial partnerships and offer 100 “best-in-class” services by the end of 2017.
Berlucchi commented: “This invaluable partnership with Orkla enables us to build upon the immense strides we’ve made over the last two years to offer mobile phone users access to personal and trusted pre-primary care guidance, all across the world.
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“This investment is going to support the next phase of development of our vision: providing the best health information everyone needs, for free.”
Espen Wiik, senior vice president of Orkla Ventures, said: “Orkla is committed to promoting innovation and creativity and Your.MD aligns with this perfectly.
“By employing the most advanced software including neural networks, machine learning and natural language processing, combined with the knowledge of real doctors, the platform provides users with pre-primary care information of the highest accuracy and quality. We’re excited to be a part of Your.MD’s future.”