Ada Health, a London, UK and Berlin, Germany-basrd AI health startup, raised €40m ($47m) in its first funding.
The round was led by Access Industries with participation from Cumberland VC, Google’s Chief Business Officer Philipp Schindler’s June Fund, and William Tunstall-Pedoe, the AI entrepreneur behind Amazon Alexa.
The company intends to use the new funds to grow the team of engineers, scientists and medical advisors, open an office in the US and to support the development of industry partnerships and the expansion of its telemedicine and next steps care services.
Launched in 2017 by CEO and co-founder Daniel Nathrath, following six years of R&D, Ada provides an AI-driven personal health companion and telemedicine app, that combines artificial intelligence with medical insights of doctors to enable people to understand and manage their health.
Ada’s personal health companion is available globally on iOS and Android in over 130 countries. The company recently launched a German language version, and is planning on expanding to additional languages soon.