Aidoc raises $110M in Series D Round to Expand AI Care Platform
Summary
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 says Elad Walach, CEO of Aidoc. Currently, hospitals across the United States face growing labor shortages, with 30% choosing to retire and an additional 31% considering leaving the healthcare profession, according to Morning Consult resulting in burnout and greater room for delayed or even missed care. Healthcare leaders face an increasingly tough economic environment and its going to require that we use technology like artificial intelligence to re-think ways to do business says David Shulkin MD, former Secretary of the U.S. Department of Veterans Affairs. Founded with a patient-focused and product-centric mentality, Aidoc has a bold vision to forge a new market category in healthcare and deep, established roots in medical imaging, says Gopi Vaddi, General Partner at TCV. With this new round of financing, we are excited to strengthen our existing partnership with the team at Aidoc, whose products have a tangible impact on the treatment of patients at some of the worlds leading medical institutions, says Uday Sandhu, Partner at Alpha Intelligence Capital.