Aidoc Raises Funds for Continued Expansion of AI Care Platform

June 16, 2022—Aidoc, a provider of health care artificial intelligence (AI) solutions, announced a $110 million Series D round investment, bringing the company’s total funding to $250 million. The round was coled by global growth investors TCV and Alpha Intelligence Capital (AIC), with participation from AIC’s coinvestor CDIB Capital.

According to the company, the funding will support the continued expansion of the Aidoc AI Care Platform, which enables hospitals to tackle their most prominent challenges, especially amidst physician and nursing shortages, rising supply costs, and an increasingly challenging economic environment.

“We are building the kind of breadth and depth in AI that is allowing hospitals to fundamentally change the way they do business and provide the solutions needed to successfully compete during these challenging times,” commented Elad Walach, CEO of Aidoc, in the company’s press release. “Aidoc is already the leading imaging AI platform, but with this new round of investment, our aim is to massively ramp up our AI Care Platform to cover both the various hospital medical service lines and the depth of integration into the clinical workflows, empowering hospitals to activate cross-specialty care teams and deliver the best quality of care in a scalable, efficient way to patients.”

The company noted that clinical research conducted on Aidoc AI solutions has shown its potential value in empowering physicians to manage larger patient volumes by reducing time to treatment, shortening length of stay in the emergency department, and capturing more patients requiring advanced treatments.

Now, the company is bringing its AI-driven clinical experience from medical imaging and multidisciplinary response teams to the entirety of the hospital enterprise. The AI Care Platform will connect the entire patient-care continuum, covering the key modalities and the various specialties.

The AI Care Platform includes 15 FDA-cleared clinical solutions, in addition to the Care Coordination application, which operates as an intelligent layer on top of hospital information technology systems to offer physicians a centralized solution to address care points across the health system.

The full platform empowers radiologists and other imaging professionals to triage potential time-critical cases and allows the care team to conclude deep, actionable insights derived from imaging data and electronic medical records. Through the platform, physicians will have more time for engaging patients, being proactive, and providing higher quality treatment, rather than being consumed by manual processes, being reactive to inbound requests, and risking patients slipping through the cracks, stated the company.