What does ReportAId do?
ReportAId leverages artificial intelligence to optimize healthcare processes by automatically interpreting medical reports and converting them into interactive tools for both providers and patients, all while ensuring full compliance with European privacy regulations.
How much did they raise?
The company raised €2.2M in a Pre-Seed funding round led by Italian Founders Fund, with participation from Heartfelt, Exceptional Ventures, 2100 Ventures, Vento, Ithaca, B Heroes, Vesper Holding, and angel investors including Luca Ascani, Enrico Giacomelli, Francesco Zaccariello, and Luca Foschini.
What are their plans for the money?
ReportAId plans to use the funds to hire ten new team members and expand its operations across Italy and Europe. The company also intends to further integrate its platform with existing healthcare IT systems and develop specialized AI capabilities for various medical disciplines, aiming to create a more efficient and accessible healthcare system.
What have they achieved so far?
The company has already demonstrated significant operational improvements, with hospitals reporting revenue increases of up to 25% after implementing ReportAId’s AI-driven solution.
