Sancare, a Paris, France-based artificial intelligence software for healthcare facilities, raised €1m in funding.
Backers included Elaia Partners (PSL Innovation Fund), Davidson Group and business angels such as Franck Le Ouay and Romain Niccoli.
The company intends to use the funds to accelerate the development, both technical and commercial, of the solution as well as to strengthen the team, especially at the R & D level.
Founded in 2016 by Thomas Duval, Fajwel Fogel and Franck Charras, Sancare provides an artificial intelligence driven software platform to automate and optimize hospital billing. It gives healthcare facilities the tools to predict billing codes from the patient’s Electronic Health record using NLP (Natural Language Processing) technology.
The company already works with twenty major players in both the private and the public sectors such as the AHNAC group (Nord Artois Clinical Hospital Association) and the Curie Institute.