Periapt raises $6m to help ADHD families find success
Summary
Millions of people around the world (and at least one JPost tech reporter) have been diagnosed with Attention Deficit Hyperactivity Disorder. ), it may still prove challenging to the people whose lives it affects, including the parents of children who have the condition.Like a hyper-fixated Moses descending from Sinai with two ritalin tablets in hand, hi-tech entrepreneur and fellow ADHD-haver Ziv Elul co-founded the startup Periapt, a med-tech company that is developing an AI-based platform to support and streamline the treatment of ADHD children. in pre-seed funding.Periapts technology facilitates collaboration between parents and care teams, significantly cutting back the time required to find the best course of treatment, while providing practical assistance to contend with the day-to-day challenges faced by children diagnosed with ADHD.Along with co-founders Gili Avital-Lang and Meir Amsellem (COO and CTO, respectively), Elul (who also serves as Periapts CEO) managed to get quite a few VC firms on board with the idea, including round leaders PICO Venture Partners and Aristagora, as well as Samsung NEXT and Rhodium.We were surprised to discover that the treatments available today for ADHD are inadequate and do not rely on real-life data, said Elie Wurtman, co-founder and managing partner of PICO Venture Partners.Insurance companies and parents in the US spend roughly $24 billion a year on medical and supporting treatments for attention deficit disorder, yet the solutions available are not sufficiently addressing the needs. Together with our partner, Periapt, were excited to take part in the mission to technologically improve and streamline the process, for the benefit of both patients and health care systems.As a parent that has experienced the process of accompanying a child with ADHD firsthand, I am keenly aware of the challenges faced by parents. And of course, its a startup, so we need to make our investors happy but we want first and foremost to succeed in doing good, Elul concluded, and accelerated off into the mid-morning horizon.
Funding
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