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AliveCor unveils AI-enabled, stroke-preventing platform for doctors, raises $30M

The platform is designed to help doctors monitor patients for the early detection of atrial fibrillation, which is the most common cardiac arrhythmia.

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AliveCor unveils AI-enabled, stroke-preventing platform for doctors, raises $30M

AliveCor, which is best known for its portable ECG devices, is launching Kardia Pro, touting it as an industry-first artificial intelligence-enabled platform for doctors to monitor patients for the early detection of atrial fibrillation, the most common cardiac arrhythmia that leads to a five times greater risk of stroke.

“Kardia Pro tracks important measures of physiology like weight, activity and blood pressure, and, for the first time, AI technology is used to create a personal heart profile for each user, enabling user identification,” Vic Gundotra, AliveCor CEO, said in a statement. “The new platform enables doctors to be better doctors and patients to be more active participants in their own heart health, driving healthcare forward into the 21st century.”

AliveCor also announced a series D funding round of $30 million, led by Omron Healthcare, with participation from Mayo Clinic and existing inside investors. This investment will be used to help the company establish Kardia Pro as the new standard of care for doctors to enable early detection and prevention of heart disease and stroke. Also, some of the funds will be used to accelerate innovations in heart health and continue the rapid expansion of the business.

“Omron Healthcare is excited to expand our strategic partnership with AliveCor. We are establishing new partnerships to redefine the role of technology in heart health as part of our Going for Zero mission,” Omron Healthcare President and CEO Ranndy Kellogg said in a statement. “Partnering with AliveCor advances our path forward to build robust software programs that play a dynamic role in expanding heart health awareness, transforming the patient and caregiver dynamic and taking real steps toward eliminating heart attack and stroke.”

Investment


Amount: $30M
Lead: Omron Healthcare
Also participating: Mayo Clinic, Existing investors

About


AliveCor
AliveCor aims to provide medical professionals, patients, and consumers worldwide with mobile-powered devices, data, and analysis to identify, prevent, and manage life-altering diseases from anywhere in the world. As a first offering, AliveCor has developed a clinical-quality, low-cost mobile ECG device, which enables patients to monitor their heart health anywhere, at any time, and provides physicians with an additional heart health assessment tool. AliveCor's mobile ECG device is designed to work in conjunction with a variety of mobile platforms, including iPhone, iPad, and Android devices.

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