UPDATED 11:35 EDT / SEPTEMBER 20 2023

AI

Corti raises $60M in funding to expand its AI co-pilot for healthcare professionals

Corti, the maker of an artificial intelligence assistant for healthcare professionals, today announced that it has raised $60 million in additional funding to support the growth of its technology that can understand patient needs and interact with doctors and other emergency workers.

The Series B funding round was co-led by Prosus Ventures and Atomico, with participation from existing investors Eurazeo, EIFO and Chr. Augustinus Fabrikker. This funding follows Corti’s Series A funding round of $27 million in 2021.

The company offers a medical AI assistant that can use text and voice data from across the entire healthcare system to provide assistance. This includes real-time guidance during patient interactions and emergency calls based on extensive peer-reviewed research based on clinical evidence designed to help clinicians make the best decisions. It can then support afterwards for administration with documentation and coding after the interactions.

The same system can also be used afterwards to review interactions that might have gone better with patient interactions and how a clinician might have approached a situation better. As a result, the assistant can be used as a sort of “coach” for doctors, nurses and technicians to up their game. The AI can also offer a sort of “second opinion” when it discovers alternatives when doctors are speaking to patients, which could open up new treatment opportunities for them to offer.

“For years, we’ve been proving that when humans and AI team up, the patient wins,” said Andreas Cleve, co-founder and chief executive of Corti. “This partnership between a healthcare professional and a co-pilot leads to best-in-class care, fewer errors, less red tape, and a better workflow, as every professional gets their own assistant.”

Corti has brought its technology to numerous large scale healthcare operations and is being used in the field by hospitals and by first responders including the Seattle Fire Department who used the triage capability to reduce the time it took to identify key information in calls, such as strokes, by 13%. Denmark’s Copenhagen Emergency Medical Services used the same system to identify 10% more heart attacks in phone calls.

“In most cases the people calling are not medically trained and are therefore not entirely able to give accurate information back to the call-taker at the EMS,” said Sebastian Slej, the lead channel manager at Corti. “At the same time, that communication is often disrupted or intermittent.”

According to the company, Corti’s platform covers about 100 million patients a year and assists professionals over 150,000 times a day.

The company initially launched in 2018, long before the hype around generative AI chatbots such as OpenAI LP’s ChatGPT and its subsequent explosive popularity due to its capability of understanding and responding in conversational language. With such advances in AI technology that make it possible for AI assistants to collaborate similarly to other people, Corti can provide even more powerful assistance for doctors, call takers and dispatchers.

“Through this investment, we will work to amplify our impact as we’ll scale our offering to all kinds of healthcare professionals,” said Cleve.

Cleve said that the new funds would fuel the company’s expansion globally and help grow the company’s team and client base. The ultimate goal of the company would be to continue to build its AI so that it can offer high-quality healthcare advice to more institutions around the world.

Image: Corti

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