ReportAId, a Milan, Italy-based company using AI to optimize healthcare processes, raised €2.2M in Pre-Seed funding.
The round was led by Italian Founders Fund with participation from Heartfelt, Exceptional Ventures, 2100 Ventures, Vento, Ithaca, B Heroes, Vesper Holding, and angel investors Luca Ascani, Enrico Giacomelli, Francesco Zaccariello and Luca Foschini.
The company intends to use the funds to add ten new team members and expand across Italian and European healthcare.
Founded in Milan in 2024 by Giuseppe Faraci (CEO), Claudio Caletti (CTO) and Luca Foresti (Chairman), ReportAId leverages artificial intelligence to optimise healthcare processes, automatically interpreting medical reports and turning them into interactive tools for providers and patients, fully compliant with European privacy regulations. By applying AI to unstructured clinical data, they’ve created a solution that improves the patient experience and delivers significant operational benefits to healthcare providers, with revenue increases of up to 25% reported by hospitals using the system.
Looking ahead, the company plans to expand its integration capabilities with existing healthcare IT systems, develop additional AI capabilities for specialized medical disciplines, and work directly with public healthcare authorities to implement its solution at scale, creating a more efficient and accessible healthcare system that serves patients better while reducing costs and administrative burdens.
FinSMEs
06/05/2025