Raises $27 Million in Series A Funding to Transform Patient Consultations With Artificial Intelligence – Yahoo Finance

Danish software company pioneers new category of AI and Machine Learning to improve patient consultations. The funding will help expand the company’s patient base from 15 to 100 million consultations a year.
COPENHAGEN, Denmark, September 09, 2021–(BUSINESS WIRE)–, one of the leading SaaS companies in the fast-growing category of Artificial Intelligence for healthcare, announces a $27 Million Series A round.
This press release features multimedia. View the full release here:
Andreas Cleve, Co-founder & CEO / Lars Marcher, Chairman of the Board / Lars Maaløe, Co-founder & CTO (Photo: Business Wire)
The investment was led by Vaekstfonden -The Danish Growth Fund and Chr. Augustinus Fabrik, who joins existing investors Hearcore, Id Invest, and byFounders. The company was founded by Lars Maaløe and Andreas Cleve in 2016.
Unlike the majority of Artificial Intelligence startups that are pursuing image recognition use cases, Corti has focused on improving the workflow around patient consultations. Corti's machine learning platform can listen in during patient consultations and help to document, code, and quality assure the interaction in real-time, saving time and reducing risk. Corti started working within emergency medicine, supporting emergency calls focused on cardiac arrest and COVID-19 cases but has since then moved into supporting medical staff conducting consultations across healthcare.
Andreas Cleve CEO:
"Healthcare professionals only have a few minutes with each patient, and these encounters are compromised by keyboards and screens, hated by patients and doctors alike. What we've been able to prove at Corti is that machine learning can be a life-saving tool by offering a new kind of "deep listening" that will not only improve patient outcomes but also save time and money".
The company's patented technology automatically listens in during patient consultations on phone or video. Here it uses machine learning models to transcribe and analyze thousands of variables within each consultation.
Lars Maaløe CTO:
"Not only is our technology able to document consultations, it automatically compares each patient's symptom description to millions of other patients to offer real-time decision support during the engagement, like nothing else available in the market today."
Since its inception several studies have validated the efficacy of Corti’s human-computer partnership and found that Corti can help medical professionals deliver best-in-class results. Research from Copenhagen Emergency Services found that Corti could help reduce the amount of undetected out-of-hospital cardiac arrest cases by more than 40%, with almost no training of the personnel needed.
The new funding comes on top of the $5m seed round raised in 2019, and the company plans to use the money to fuel its expansion into primary care in the US. We will use this $27m raise to accelerate Corti’s growth plans further – in the coming years, new products will be launched, and we have plans to enter primary care and win the US market for consultations intelligence.
"We are very proud of our work in the field of emergency medicine, but already today we are analyzing roughly 250.000 low acuity consultations per month, proving that the technology can be a massive value-add for both telehealth companies, clinical call-centers, and GPs around the world", Lars Maaløe explains.
The company has won several accolades for its innovations within applied artificial intelligence, including VentureBeat's "Best Global AI Innovation 2018" and the "Future Unicorn Award 2020" award by the European Commission for being the most likely next unicorn from the European continent.
"Although we are humbled by the overwhelming feedback we have received, we have a dauntingly ambitious roadmap ahead, and as long as there are patients who need Corti to listen in to get the help they need, we have work to do'', CEO Andreas Cleve explains.
Several investors commented about their decision to back and its consultation intelligence platform:
"The global healthcare system has been tested over the last 18 months, and it has shown some fundamental challenges around availability and access to expertise that needs to be addressed. Robust and ethical technology can help solve some of these critical problems, and we believe Corti is a shining example of a revolutionary technology that can help define the market for artificial intelligence in healthcare.
– Rolf Kjærsgaard, CEO Vaekstfonden
"We have been following the company for a long time, and we are pleased to contribute to the continued rapid growth. To be able to build a category-defining product with world-class technology that can save human lives is not only commendable, it's also a fantastic opportunity that we are proud to back".
– Claus Gregersen, CEO Chr. Augustinus Fabrikker:
About Corti
Corti is a Danish health-tech company that has developed a software platform leveraging artificial intelligence to help healthcare personnel during patient consultations. As the consultation progresses, Corti's artificial intelligence is listening in to write notes, search databases, and compare symptom descriptions with millions of historical cases to ensure each patient gets the optimal treatment. The company is among the global leaders in applied artificial intelligence and has been recognized with several awards.
About Chr. Augustinus Fabrikker
Chr. Augustinus Fabrikker is a more than 270-year-old company that has positioned itself as a long-term and professional owner of Danish companies. This is done with great respect for the fact that ownership and day-to-day management are different disciplines. Chr. Augustinus Fabrikker’s philosophy is that of being a committed and loyal owner with a focus on dialogue, trust, and long-term value creation in companies with an international outlook. The ownerships include Tivoli, Gyldendal, Jeudan, Royal Unibrew, Fritz Hansen and Podimo. Chr. Augustinus Fabrikker is a subsidiary of the Augustinus Foundation, which is one of Denmark's major cultural foundations. With a balance of more than DKK40 billion Chr. Augustinus Fabrikker's investments make it possible to reinvest actively in the Danish business community in parallel with contributing to the Augustinus Foundation's philanthropic activities. See more at:
About Vaekstfonden
Vaeksfonden is the Danish state’s investment fund. Working in close collaboration with banks and domestic and international investors, Vaekstfonden discovers and develops the companies that Denmark cannot afford to miss out on. The power of innovation, yield to society and responsibility are the three signposts that guide Vaekstfonden in finding and choosing new projects. Since 1992, Vaekstfonden has contributed more than DKK 38 billion to help develop and grow more than 10.000 companies. See more on:
View source version on
Andreas Cleve, CEO / +45 40 61 22 22
Renewable energy stock Gevo (NASDAQ: GEVO) is absolutely crushing the market today, up 39.7% as of 1:05 p.m. EDT. Gevo just found an investor in an oil and gas giant, and the market can't seem to control its excitement. Gevo is an early-stage renewable energy company that aims to produce low-carbon gasoline and jet fuel from feedstocks like corn.
Buy now, pay later service Affirm soars following its recent earnings release. 
Morgan Stanley’s optimistic view of the economy isn’t keeping it from warning about a looming correction in the U.S. stock market.
The Dow Jones fell as a Biden administration plan to cut prescription prices hit health care stocks. A Warren Buffett stock passed a buy point.
These income stocks, with yields ranging from 2.2% to 11.7%, should help pad investors' pocketbooks.
Buying a stock at low prices would seem to be a no-brainer, the sure way to guarantee the best returns. However, most stocks that are priced low are down for a reason, and you’ll need to do your homework before buying in. Some of the reasons are generally neutral towards the quality of the company. If a firm issues a new release of shares, to raise capital, the effect may be to dilute the stock and lower the price. Or, a company may get caught up in an economic downturn, and sees its shares fall
Shares of Riskified (NYSE: RSKD) fell today after the fraud management platform company reported its second-quarter results. The company's revenue and earnings in the quarter outpaced analysts' consensus estimates, but investors were disappointed that the company losses widened. Riskified's revenue grew 47% from the year-ago quarter to $55.7 million.
There is no shortage of stocks making big gains. Jason Hawthorne (Danaher): Danaher has been widely recognized for its operational excellence and decentralized model. In fact, its Danaher Business System was profiled in the Harvard Business Review in 2015.
AT&T (NYSE: T) was once considered a safe dividend stock for conservative investors. Let's review three reasons to buy AT&T — as well as one reason to sell it — to see if it's a contrarian play. AT&T's stock underperformed the market for three main reasons: It faced tough competition in the wireless market from Verizon (NYSE: VZ) and T-Mobile (NASDAQ: TMUS), its pay-TV business bled subscribers to streaming services, and attempting to stop that bleeding with its debt-fueled takeovers of DirecTV and Time Warner caused even bigger problems.
What's better than getting a big dividend from an S&P 500 stock? Getting an even larger dividend payment this year.
In this article, we discuss the 10 stocks that benefit from global chip shortage. If you want to skip our detailed analysis of these stocks, go directly to the 5 Stocks That Benefit from Global Chip Shortage. The global chip industry has become an integral part of the smart landscape around the world, playing a […]
Among the several factors to consider are personal financial considerations, like funding a down payment for a home or paying tuition for a child entering college. Other factors can include company-specific considerations, like an expensive valuation due to a rising stock price or deteriorating operating performance. AMC Entertainment Group's (NYSE: AMC) stock has rocketed higher while its operating performance remains troubling.
Fed policy hasn't been working as planned. Further trouble is imminent without swift adjustments.
Few people are using Dogecoin as a currency, and that's concerning for hopeful investors. These two payment stocks are definitely worth considering instead.
Shares of Invacare (NYSE: IVC) were plunging 33.6% lower as of 11:17 a.m. EDT on Thursday. The steep decline came after the medical equipment manufacturer lowered its full-year 2021 guidance. Only a little over one month ago, Invacare reported positive second-quarter results.
Hydrogen fuel cell electric vehicles are gaining attention. That's both good and bad for Nikola.
In this article, we discuss the 10 cloud software stocks with strong growth potential. If you want to skip our detailed analysis of these stocks, go directly to the 5 Cloud Software Stocks with Strong Growth Potential. Cloud software companies have registered explosive growth numbers over the past few years as more businesses embrace the […]
Readers hoping to buy Merck & Co., Inc. ( NYSE:MRK ) for its dividend will need to make their move shortly, as the…
These three fundamentally strong tech stocks are well-positioned for robust growth.
The electric vehicle industry could be huge, and investors should consider different ways to benefit from its growth.

Connect with Chris Hood, a digital strategist that can help you with AI.

Leave a Reply

Your email address will not be published. Required fields are marked *

© 2021 AI Caosuo - Proudly powered by theme Octo