Tyto Care, a NYC-based modular device and telehealth platform for on-demand, remote medical examinations, raised $50M in funding.
The round was co-led by Insight Partners, Olive Tree Ventures, and Qualcomm Ventures LLC with participation from previous investors, bringing the company’s total funding to over $105M.
The company intends to use the funds to continue to expand commercialization throughout the U.S., Europe and Asia as well as to introduce new advanced product capabilities including AI and machine learning-based home diagnostics solutions and other patented technologies.
Co-founded by Dedi Gilad and Ofer Tzadik in 2012, Tyto Care is a telehealth company that connects people to clinicians to provide virtual home examination and diagnosis solutions. Its solutions are designed to enable a comprehensive medical exam from any location and include a hand-held, all-in-one tool for examining the heart, lungs, skin, ears, throat, abdomen, and body temperature; a complete telehealth platform for sharing exam data, conducting live video exams, and scheduling visits; a cloud-based data repository with analytics; and built-in guidance technology and machine learning algorithms to ensure accuracy and ease of use for patients using the device at home. The platform also allows for integration with electronic health records systems, third party exam tools, and other telehealth platforms.
The company is now working with hundreds of hospitals and over 100 health organizations including health systems, payers and strategic partners, primarily in North America, Europe and Israel. It served hundreds of thousands of patients and performed over 200,000 telehealth exams in 2019.