Total amount raised
$110 Millions
Latest funding date
6/1/2022
Location
AIDOC has successfully raised significant capital through multiple funding rounds, including a notable Series D round. The platform leverages AI and blockchain technology to offer continuous health and wellness insights.
Keep reading to explore the intricacies of AIDOC's fundraising journey and the investors backing this innovative platform.
What Is AIDOC?
AIDOC, founded in January 2015, is headquartered in Tianyi, Liaoning, China. The company specializes in distributed intelligent medical treatment, leveraging AI and blockchain technology to provide continuous health and wellness insights.
Although the specific names of the founders are not disclosed, AIDOC's team includes notable members such as Norbert Alder, Alvin Zhao, Jacky Li, and Eric He. The company employs between 251 and 500 people, reflecting its substantial growth and operational scale.
By integrating smart hardware and IoT applications, AIDOC aims to build a comprehensive health services ecosystem, offering 24-hour health analysis and real-time health advice through advanced imaging technology.
How Much Funding Has AIDOC Raised?
- Initial Coin Offering
- Amount Raised: Not disclosed
- Date: November 2017
- Lead Investors: Not specified
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To raise initial capital for development and early-stage operations.
- Series D
- Amount Raised: $110,000,000
- Date: June 2022
- Lead Investors: TCV
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the AI Care Platform, address hospital challenges, and integrate more deeply into clinical workflows.
AIDOC has raised a total of $110,000,000. The current valuation is Not publicly disclosed.
Key Investors
- TCV (Technology Crossover Ventures)
- Details: TCV is a global growth equity firm that invests in technology companies. The firm focuses on late-stage private and public companies in the technology sector.
- Investment Focus Areas: Technology companies, late-stage private companies, public companies.
- Notable Investments: Airbnb, Netflix, Spotify.
- Alpha Intelligence Capital (AIC)
- Details: AIC is a venture capital firm that focuses on investing in companies with strong algorithmic advantages. The firm is dedicated to AI and machine learning technologies.
- Investment Focus Areas: Artificial intelligence, machine learning, algorithmic technologies.
- Notable Investments: Graphcore, DataRobot.
- CDIB Capital
- Details: CDIB Capital is an investment firm that partners with AIC for co-investments. The firm invests in various sectors, including technology and healthcare.
- Investment Focus Areas: Technology, healthcare, co-investments.
- Notable Investments: Appier, Klook.
What's Next for AIDOC?
With the recent $110 million Series D funding, AIDOC is poised to expand its AI Care Platform across various hospital service lines. This expansion aims to address critical challenges such as physician and nursing shortages, rising supply costs, and economic pressures. The platform's deep integration into clinical workflows promises to enhance hospital efficiency and patient care.
Future fundraising opportunities seem promising as AIDOC continues to grow and demonstrate the value of its AI solutions. However, the company may face challenges from increasing competition in the AI-powered radiology space and the need to ensure the reliability and safety of its AI algorithms. Addressing these challenges will be crucial for maintaining momentum and securing further investments.
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