PanopticAI – a provider of camera-based vital signs monitoring system – secured an undisclosed amount of Seed funding.
Alibaba Hong Kong Entrepreneurs Fund and Gobi Partners GBA led the investment round with participation from the HKUST Entrepreneurship Fund (E-Fund).
According to the company website, PanopticAI has been developing next-generation digital health solutions to provide users with a holistic analysis of their health. Vitals, the company’s camera-based health and wellness monitoring solution, empowers everyone to take charge of their health – especially the lower income brackets and other vulnerable segments across the globe – with affordable and quality healthcare services that can be easily accessed through our everyday devices.
Commenting on the funding news, Kyle Wong, CEO & Co-founder of PanopticAI, said: “PanopticAI’s mission is to make remote healthcare diagnostically accurate, accessible, and scalable with Vitals, our AI-based, hardware-agnostic health monitoring software suite. Designed to be a low-cost, low-barrier, future-forward solution for businesses and consumers, Vitals revolutionizes how our health is measured, interpreted, and managed.
“With the support we gained from AEF, Gobi GBA, E-Fund, and our new investors; our goal is to be universally trusted as the go-to option by businesses as well as consumers looking to reach their full health potential,” added Kyle Wong.
Founded by researchers and scientists from The Hong Kong University of Science and Technology, PanopticAI has been working with clients in telemedicine, corporate wellness, construction, insurance, fitness, mental health, and other healthcare service areas.
With new funds, the company plans to strengthen its position in Hong Kong and other growing markets, including the U.S.
Remote health monitoring
Remote health monitoring startups have raised nearly $18 billion in funding to date, according to our funding database. More recently, Medical Informatics Corp, a provider of an AI-guided remote patient monitoring automation system for hospitals, raised $27 million in Series B funding. Catalio Capital Management and Intel Capital co-led the investment round with participation from TGH Innoventures and Notley and existing investors DCVC, TMC, and nCourage.
In another deal, Validic, a provider of a remote health monitoring and care delivery system, raised $12 million in a funding round led by Kaiser Permanente Ventures, with participation from existing and new investors, including Arkin Digital Health, Green Park & Golf Ventures, Ziegler, Gore Range Capital, Greycroft Partners, and SJF Ventures.
