Health Youyi Secures Nearly RMB 100 Million Series A Funding to Advance AI-Powered Healthcare Solutions
Health Hope
Health Management Service Provider
Recently, VCBeat learned that Health Hope, a provider of AI technology services for healthcare, has completed its Series A financing round of nearly RMB 100 million, with a post-money valuation approaching RMB 1 billion. This round was led by CITIC International, with participation from Renai Capital and other investors.
Following this round of financing, Health Hope will continue to strengthen its R&D investment in AI technology and professional capabilities, comprehensively realizing the empowerment of the entire healthcare industry through health and medical technology.
Health Hope, established in September 2014, focuses on technological innovation in artificial intelligence within the healthcare sector and is deeply committed to advancing intelligent healthcare services. The company has mastered 80% of the core AI technologies in computer vision, natural language processing, and knowledge graphs, and has built a comprehensive professional knowledge system for healthcare encompassing tens of millions of data points. Its product and service portfolio includes an AI technology open platform, an artificial intelligence operating system, healthcare management systems, robotic systems, and comprehensive healthcare solutions.
In 2018, Health Hope announced its platform-based development strategy, with the official launch of its core product, the Health AI Open Platform. As the industry’s first AI technology open platform dedicated to the healthcare and medical sector, Health AI provides B-end clients and developers with AI-driven solutions, specialized products, and management systems tailored to the healthcare and medical fields.
To date, Health AI has opened up more than 100 skills, providing AI technology and professional services to over 300 partners, including Huawei, iFlytek, Xiaomi, JD.com, OPPO, and vivo. The backend API calls have reached nearly 2 billion, covering over 500 million users. By the end of 2019, the total number of open skills is expected to expand to more than 500. Meanwhile, Health AI will systematically extend its capabilities into the field of auxiliary diagnosis for both traditional Chinese medicine and Western medicine, gradually launching diagnostic assistance skills and related AI product services to enhance medical efficiency. These offerings will comprehensively cover various scenarios such as smart homes, smart communities, and new retail.
To address the service upgrade requirements across diverse scenarios and carriers, Health Hope simultaneously launched Health OS, an AI-powered operating system for healthcare and medical services, in 2018. Leveraging AI technologies and specialized expertise in healthcare and medicine, Health OS empowers smart home appliances, intelligent home systems, wearable devices, home medical equipment, and home fitness devices with capabilities to hear, see, and speak. This transforms them from simple data reading and analysis tools into personalized intelligent health management terminals.
A diversified product portfolio has enabled Health Hope to rapidly implement its commercialization strategies and comprehensive healthcare solutions. Currently, Health Hope provides a full spectrum of services, including the development of intelligent health management systems, technical support, product supply, operational management, and training and maintenance.
In 2018, within the smart home scenario, the number of connected devices exceeded 100,000, enabling IoT to achieve personalized perception, real-time response, and intelligent control based on human health conditions. In the smart community scenario, solutions were successfully deployed in over 50 communities across Shanghai’s Jing’an and Minhang Districts, covering more than 200,000 residents, including 60,000 elderly individuals. In the new retail sector, AI-driven health management services were provided to upgrade the operational intelligence of enterprises and chain institutions in optometry, physical examination, insurance, pharmaceuticals, and health supplements.
With the growing population in sub-optimal health conditions and deepening aging trends, user demand for daily health management has intensified, driving accelerated intelligent upgrades of software and hardware devices as well as health environments. Facing this vast blue ocean market, Health Hope leverages its years of expertise and accumulation in “AI + professional services,” refined product offerings, and mature scenario implementation, thereby possessing the capability to comprehensively empower all scenarios within the healthcare industry.
Chen Hong, Chairman of HanNeng Investment Group and a continuous investor in Health Hope, stated: “Health Hope has firmly established its position in the AI-driven healthcare sector. AI capabilities and professional expertise have become its core competencies, with R&D and iterative development capabilities far exceeding expectations. Currently, the company is making steady progress in product commercialization, and its future business prospects are promising. We are highly optimistic about its growth potential.”
It is reported that after completing this round of financing, Health Hope will launch another round of financing within the year, with the expected amount to significantly exceed the current one. With the support of capital, Health Hope will strengthen its technology and extend its product services. Its fully open capabilities and approach are bound to bring a new service upgrade model to the healthcare industry. Health Hope will also advance from being a leading enterprise in its vertical sector to becoming a unicorn company.
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