AI powered Healthcare startup Agamon secured $3M in Funding

Agamon, an Israel based healthcare Artificial Intelligence startup, has secured $3 million in funding round reports NoCamel.

Tel Aviv based Agamon is founded by the Michal Meiri. It is a healthcare AI startup whose proprietary technology uses advanced processes to structure clinical texts and critical surface insights.

Dr. Danie Siegal, vice chairman of radiology at Henry Ford Health System in Detroit, Michigan, said, "Agamon has built advanced AI and NLP (natural language processing) that assess the significance of findings extracted from unstructured medical text, starting with radiology reports. This helps us make sure no important clinical recommendation ever falls through the cracks and will assist with automating the timely review of large report volumes."

Tom Moon, physician, and investor at MMC Ventures, said, "We’re excited by Agamon’s ability to automate the interpretation of medical text and therefore enable products such as automatic follow up and patient-friendly reports. Applications at the intersection of machine learning and healthcare data are helping drive much-needed change in our healthcare systems and are a core part of our investment thesis at MMC."

The round was backed by the MMC Ventures, with participation from SeedCamp, InHealth Ventures, and Bayer G4A.

The company, as of now, has plans to use the new funding to scale its number of deployments to more hospitals across the globe. The funds will also help Agamon to further train the AI and widen its clinical spectrum, notes the announcement.

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