Funds to the tune of $150 million have been secured for the CARE Healthcare Foundation's business model.
In a significant move towards advancing clinical decision-making and reducing diagnostic errors, Aidoc, a leading AI healthcare company, has announced a $150 million funding round. This investment brings Aidoc's total funding to an impressive $370 million, led by General Catalyst and Square Peg [1][3][5].
The funding will primarily be used to accelerate the development and commercialization of CARE, Aidoc's Healthcare Foundation Model. CARE aims to improve clinical decision-making for 100 million patients within three years, covering approximately 90% of clinically relevant diseases [1][3][5]. Currently, CARE-powered AI solutions, which are FDA-cleared, serve over 45 million patients across 150+ health systems.
The partnership with tech giants NVIDIA and Amazon Web Services (AWS) will support the underlying infrastructure and AI development. This collaboration includes the creation of the BRIDGE guidelines in conjunction with NVIDIA, ensuring standardized, responsible AI implementation in clinical environments [1][3][4][5].
Aidoc's enterprise platform, aiOS, is also set for expansion. aiOS is an enterprise-grade AI operating system designed to enable health systems to deploy, manage, and govern multiple AI solutions—both Aidoc’s and third-party models—with real-time performance monitoring and outcome measurement. Already, 69% of aiOS customers use non-Aidoc AI models, underscoring the platform's open ecosystem approach [1][3][5].
The investment will further expand aiOS to support broader clinical specialties beyond radiology, foster greater interoperability, and enhance clinical impact across diverse healthcare settings. With this expansion, Aidoc envisions AI integration becoming as ubiquitous in healthcare as ChatGPT is in general use [1][3][5].
Hartford HealthCare, under the leadership of President and CEO Jeffrey A. Flaks, has seen significant impact from AI on outcomes. In one year, Aidoc has helped Hartford HealthCare radiologists analyze over 200,000 cases. The collaboration between Aidoc and Hartford HealthCare supports clinicians and improves care for those they serve [2].
WellSpan Health's President and CEO, Roxanna Gapstur, emphasizes the importance of model accuracy when touching the core of a physician's work. Aidoc's aiOS platform allows health systems to deploy and manage various AI solutions, ensuring accuracy and enhancing patient outcomes [4].
Elad Walach serves as the CEO of Aidoc, and Michael Braginsky is the Co-founder and Chief Technology Officer. The Center for AI Innovation in Healthcare at Hartford HealthCare collaborates with Aidoc [2].
References: [1] Aidoc. (2023). Press Release: Aidoc Secures $150 Million Funding Round to Accelerate Development and Commercialization of CARE, its Healthcare Foundation Model. Retrieved from https://www.aidoc.com/press/aidoc-secures-150-million-funding-round-to-accelerate-development-and-commercialization-of-care-its-healthcare-foundation-model/
[2] Hartford HealthCare. (2023). Press Release: Hartford HealthCare and Aidoc Partner to Improve Care for Patients. Retrieved from https://www.hartfordhealthcare.org/news/hartford-healthcare-and-aidoc-partner-to-improve-care-for-patients
[3] General Catalyst. (2023). Press Release: General Catalyst Leads $150 Million Investment in Aidoc to Accelerate Development and Commercialization of CARE, its Healthcare Foundation Model. Retrieved from https://www.generalcatalyst.com/press/general-catalyst-leads-150-million-investment-in-aidoc-to-accelerate-development-and-commercialization-of-care-its-healthcare-foundation-model/
[4] Square Peg. (2023). Press Release: Square Peg Leads $150 Million Investment in Aidoc to Accelerate Development and Commercialization of CARE, its Healthcare Foundation Model. Retrieved from https://squarepeg.com/press/square-peg-leads-150-million-investment-in-aidoc-to-accelerate-development-and-commercialization-of-care-its-healthcare-foundation-model/
[5] NVIDIA. (2023). Press Release: NVIDIA and Aidoc Collaborate to Develop AI Solutions for Healthcare. Retrieved from https://www.nvidia.com/en-us/press-room/press-release/nvidia-and-aidoc-collaborate-to-develop-ai-solutions-for-healthcare/
In the context of Aidoc's recent funding round, the investment will also influence the finance aspect by supporting the company's ventures into technology and investing in the development of AI solutions in healthcare. To enhance AI capabilities, Aidoc will partner with tech giants like NVIDIA and Amazon Web Services (AWS) for infrastructure and AI development, progressing towards making AI integration as ubiquitous in healthcare as ChatGPT is in general use.
