Did you know that the US healthcare industry loses over $378 billion annually due to people’s negligence in taking their medical pills? Did you also know about the startup AiCure which monitors patients’ adherence to taking their medications through an application?
This New York-based startup recently raised $12.25 million in funding to develop its app further. It was led by New Leaf Venture Partners. Biomatics Capital, Tribeca Venture Partners, and Pritzker Group Venture Capital also participated in the financing round.
The AiCure application makes use of a complicated AI component according to its new chief scientist, Alex Jaimes, ex-Yahoo worker.
AiCure lets users take pictures of themselves taking their medication at the scheduled time of their prescription. This image will then be processed by the application to verify if the user is indeed taking the accurate medicine.
“This is not like a photo or a video. It automates a process in the medical community called direct observation,” Adam Hanina, company chief executive shared. “No human needs to be involved in the process.”
Source: techcrunch
