Using a mix of artificial intelligence and human doctors, Ada Health has seen a surge of users for its telemedicine app that has investors swooning and ready to bet big on the Berlin-based startup.
Today, Ada Health announced it has raised $47 million in venture capital in a funding round led by Access Industries, June Fund, and Berlin-based Cumberland VC. In addition, the company said that William Tunstall-Pedoe, an AI entrepreneur who originally helped develop Amazon’s Alexa, also invested in the round.
“The future of healthcare lies in a much more patient-centric model where individuals have actionable insights at their fingertips, and doctors and artificial intelligence work together to support patients throughout their healthcare journey,” said Daniel Nathrath, CEO and co-founder of Ada Health, in a statement. “We’ve seen incredible traction since launch, receiving countless messages each day about how we’ve helped someone identify an important health issue and get to the right next step in their care. This is just the beginning, and we’re excited to enable even more people around the world to effectively manage their health.”
Ada asks users a set of personalized questions using their data and stated symptoms to deliver information and suggestions about what the health problem may be. The company launched the app in 2015, and says it has had 1.5 million users.
The company intends to use the latest round of funding for product development as well as opening a U.S. office. It will also continue to hire across all departments, from marketing to engineering.