Tuesday, February 27, 2024
HomeFunding Utrecht-based Cordys Analytics Raises €900k in Seed Funding

[Funding alert] Utrecht-based Cordys Analytics Raises €900k in Seed Funding

Utrecht-based Cordys Analytics Raises €900k in Seed Funding. This round lead by LUMO Labs, ROM Utrecht Region and Utrecht Health. The startup is a Dutch healthtech spin-out from the University Medical Center Utrecht (UMCU) and incubated at UtrechtInc.
Team – Cordys Analytics

Utrecht-based Cordys Analytics Raises €900k in Seed Funding. This round lead by LUMO Labs, ROM Utrecht Region and Utrecht Health. The startup is a Dutch healthtech spin-out from the University Medical Center Utrecht (UMCU) and incubated at UtrechtInc.

Read also – Paris-based Qobra Secures €10 million Series A Round Funding

Cordys Analytics’ AI-powered software platform for electrocardiogram analysis (AI-ECG software) offers a new and innovative solution to detect heart disease earlier and more accurately. By harnessing the power of advanced deep-learning techniques, this software identifies subtle patterns and abnormalities in ECG data that traditional diagnostic methods often miss.

Read also – Paris- based HCVC Raises $75 million of it’s Second Round Funding

The software supports healthcare professionals in making informed decisions and minimising hospitalizations and complications associated with untreated heart conditions.

Cordys Analytics CEO John van den Berg said:, “We are thrilled to have these investors on board. By joining their networks, we are well positioned to further expand our software platform and make it essential for clinical use, Through our research collaboration with the UMCU, we will develop and refine AI-ECG algorithms and software and integrate our diagnostic services into the workflow of doctors and other healthcare professionals.”.

Its cloud-based architecture provides operational benefits, such as real-time data analysis, remote accessibility and scalability. The proprietary interface makes it user-friendly.

Read also – London-based Startup Unitary Secures $15 million Series A Round Funding

Andy Lürling, Founding Partner at LUMO Labs said : “Integrating the unequalled potential of AI in healthcare for early detection and prevention not only has a tremendous impact on the quality of life of individual patients, but it also contributes to a more sustainable, affordable healthcare system, Cordys’ software has these qualities and because it is vendor-agnostic, these benefits can scale wide and far. This fits our investment focus perfectly.”

Adinda Woelderink, Investment Manager of ROM Utrecht Region said : “At ROM Utrecht Region we strongly believe in the potential impact of the algorithms developed by Cordys Analytics, The amount of data generated within cardiology offers a unique opportunity for AI-powered ECG analysis to be supportive in workflows and optimised detection of ECG abnormalities.”

Timo Koopmans, Investment Manager of Utrecht Health Seed Fund said : “We are excited to invest in Cordys Analytics and team towards redefining the way ECG analysis and processing is done, The team is well positioned to bring its technology to market so patients and healthcare providers alike can benefit.”

About Cordys Analytics

Cordys Analytics is a Dutch healthtech start-up that specialises in developing AI-powered software for analysing electrocardiograms (ECGs). The company originates as a spin-out from the University Medical Center Utrecht (UMCU) through researchers and co-founders René van Es and Rutger van de Leur and focuses on the use of advanced deep learning techniques to provide valuable new insights to healthcare professionals in making informed decisions.

Read also – Bolognese Biotech startup Cellply Secures €3.6 million in Funding

- Advertisement -
RELATED ARTICLES
- Advertisment -

Most Popular