Wisedocs Closes $4.1M Seed Financing Round

Wisedocs, a Toronto, Canada-based machine learning software-as-a-service for medical record processing, raised $4.1m in Seed financing.

The round was led by Ripple Ventures, with participation from Greensky Capital, and angel investors including George A. Papayiannis of Vena Solutions, and startup veteran, Tim Lett.

The company intends to use the funds for continued expansion into the United States.

Wisedocs launched in the U.S. at the end of 2021, followed by the opening of new American headquarters in Florida to support a growing US customer base. With recent acceptance into the 2022 MassChallenge Healthtech program and the investment, Wisedocs is further supported in making efficient processes with medical records the standard, not an anomaly.

Led by Connor Atchinson, founder and CEO, Wisedocs is a software platform that makes it easy to sort, understand, and organize unstructured medical records through proprietary Intelligent Optical Recognition and Machine Learning. Founded in 2018, the company’s software leverages proprietary machine learning models using Intelligent Character Recognition (ICR) to read and analyze various documents involved in a medical record review.

The company is also onboarding key technical leadership, Atif Khan who brings 20+ years experience in technical leadership as VP Engineering and as an advisor, George Papayiannis, CTO of Canadian Unicorn, Vena Solutions.