Teton.ai, a Copenhagen, Denmark-based health tech startup building an AI companion for nurses, raised $5.3M in funding.
The round was led by Plural with participation from Finn Murphy, formerly at Frontline Ventures.
The company intends to use the funds to expand its engineering and commercial teams to help roll out the product in Denmark and internationally.
Founded in 2020 by Mikkel Wad Thorsen (CEO) and Esben Klint Thorius (CTO), Teton.ai offers an AI assistant provides a holistic overview of everything happening on the ward to alert nurses when care is needed, from monitoring sleep to fall warnings. Its cameras use computer vision to understand the patient’s status and communicate relevant information back to staff. This will include sleep tracking to minimise having to wake a patient, bed sore or ulcer warnings and mobilisation reminders to move patients regularly, fall warnings with alerts for risk situations and regular documentation of activities to reduce the administrative pressure on nurses. To ensure patient confidentiality and privacy, analysis takes place within a closed system and no personal data is uploaded to a central server.
In Denmark, Teton.ai is already working with hospitals including Nykøbing Falster Hospital and Næstved Hospital. The company expects to have over 25 employees by the end of the year and plans to expand beyond its home market of Denmark to the wider Nordic region, as well as further into Europe including Germany, the UK and US. Eventually, the company will build a full virtual nurse to support critical healthcare workers wherever they are in the hospital.
FinSMEs
05/04/2023