Draper & Dash Secures £3M Funding to Expand AI-Powered Healthcare Analytics Platform

VCBeat (WeChat ID: vcbeat) has learned that medical data company Draper & Dash recently secured £3 million in venture capital funding. The funds will be used to continue developing Draper & Dash’s products, enhance the company’s data analytics capabilities, expand its sales market, and help the company enter new fields.

This round of investment came from the EIS Funds under Guinness Asset Management. Previously, the company had secured three rounds of financing in total, including a £2 million funding round in 2017.

Draper & Dash is a data analytics company focused on the healthcare industry, founded in 2015. The company leverages artificial intelligence (AI) and machine learning (ML) to provide data analytics solutions for hospitals. These products can analyze patient wait times, bed capacity, operating room efficiency, and more. Additionally, the platform utilizes big data to assist physicians in diagnosing and analyzing medical conditions.

Currently, Draper & Dash’s platform is being used by more than 60 healthcare institutions in the United Kingdom, the United States, and Australia, significantly reducing hospital operational costs and improving physicians’ work efficiency.

Orlando Agrippa, Founder and CEO of Draper & Dash, stated, “As our business scope continues to expand, we need to raise capital to scale our operations. Moving forward, we will remain committed to advancing data analytics technologies and enhancing healthcare services to better serve physicians and patients.”

Edward Guinness, fund manager at EIS Funds, stated, “Draper & Dash’s products have received positive feedback from customers, and we are optimistic about the company’s value and potential. We hope our investment will help Draper & Dash enhance its influence.”

It is reported that Draper & Dash has a team composed of top scientists in the fields of AI and ML. Currently, the company has three flagship products. The first product is a platform that provides off-the-shelf solutions for patients. Known as the “Data Backbone,” this platform enables patients to easily access the data they need throughout their journey from admission to discharge.

The second product consolidates all healthcare industry data onto a single platform, where Draper & Dash provides targeted solutions to hospitals by analyzing their performance, financials, and other key metrics.

The third product is a mobile analytics platform that enables physicians to diagnose conditions while walking or standing, particularly when they are unable to use a computer.

Guinness Asset Management, established in 2003 and headquartered in the United Kingdom, is a company that provides asset management services to individuals and organizations. The firm manages a range of funds and is committed to delivering investment strategies to investors based on professional insights and independent viewpoints.

Guinness Asset Management established its EIS Funds in 2010. These funds typically invest in high-risk, early-stage startups. The Enterprise Investment Scheme (EIS) is a government-backed initiative that offers investors substantial tax reliefs to encourage investment in startup companies.