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September 22, 2023

Corti The AI 'Co-Pilot' Transforming Healthcare Secures $60 Million Funding

AI 'co-pilot' for healthcare has just soared to new heights, securing a staggering $60M in a Series B funding round

The healthcare sector, a global cornerstone, has long grappled with the weight of administrative challenges that often lead to practitioner burnout. With the scales tipped heavily towards administrative tasks, consuming a staggering six hours of a healthcare professional's day, the crucial patient interaction time dwindles to a mere three hours. In a world where quality care is paramount, Copenhagen-based Corti steps in as the beacon of change. This innovative AI-driven platform is poised to revolutionize healthcare by providing much-needed assistance to medical practitioners, reducing administrative burdens, and ensuring more efficient and precise patient interactions. In a significant milestone, Corti has secured $60 million in a Series B funding round, co-led by Prosus Ventures and Atomico, with participation from existing investors.

Founded in 2016 by Lars Maaløe and Andreas Cleve, Corti operates as a smart assistant for doctors and healthcare workers. It leverages the power of artificial intelligence to streamline healthcare professionals' tasks, making their jobs more efficient and effective, particularly during patient interactions. Corti's proprietary AI software offers real-time guidance, adeptly handles documentation, and navigates complex medical coding.

Corti's impact is already tangible, with numerous prominent healthcare groups adopting its medical software platform. The platform's growth trajectory places it in direct competition with tech giants like Microsoft and Amazon. By providing real-time assistance to healthcare professionals, Corti aims to enhance patient care, reduce errors, minimize bureaucratic hurdles, and optimize workflow. This unique partnership between humans and AI promises a holistic transformation in the healthcare industry.

Andreas Cleve, Co-Founder and CEO at Corti, envisions a future where the alliance between healthcare professionals and AI results in superior care, reduced errors, streamlined processes, and improved job satisfaction. Corti's mission is to scale its offerings to cater to a wide spectrum of healthcare professionals, amplifying its impact on the industry.

Sandeep Bakshi, Head of European Investments at Prosus Ventures, recognizes the burdens that the healthcare industry faces globally and believes in Corti's potential to alleviate them. Corti's product suite, focusing on system-wide efficiency improvements and care provider empowerment, aligns with the urgent need for transformation in global healthcare.

Laura Connell, Partner at Atomico, underscores Corti's potential to address the multifaceted challenges in global healthcare. The platform enhances physician efficiency, automates real-time documentation, provides better visibility into care quality, and optimizes revenue while reducing costs—a win-win for healthcare professionals and patients alike.

Lars Maaløe, Co-Founder & CTO at Corti, acknowledges the ever-accelerating pace of AI innovation. Corti's commitment to staying ahead of the curve and competing with tech giants is an integral part of its journey. In a rapidly evolving landscape, Corti remains dedicated to pushing the boundaries of what AI can achieve in healthcare.

Josefina Dipaolo
Josefina Dipaolo
Content Writer at TechNews180
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