SA StartUp Envisionit Deep AI Raises $1.65m To Democratize Access To Healthcare
SA StartUp Envisionit Deep AI Raises $1.65m To Democratize Access To Healthcare. South African StartUp Envisionit Deep AI took to LinkedIn to announce that it has managed to raise and secure $1.65m in funding in order to democratize access to diagnostic healthcare.
The post read, “We’ve raised $1.65m to continue our mission to Democratise access to diagnostic healthcare in Africa. Incredibly grateful to New GX Capital , RMB – Rand Merchant Bank Ventures & Global Startup Awards who share our mission to bring adequate diagnostic healthcare to all of Africa.”
Envisionit Deep AI™ is an African innovative medical technology company using Artificial Intelligence to transform medical imaging diagnosis. Trained and validated by radiologists for medical practitioners, the company’s products detect and highlight abnormalities across X-rays, ultrasound, MRI and CT scans.
New GX Capital Holdings and Rand Merchant Bank are some of the companies that participated in the funding. Established in 2005, New GX Capital Holdings Proprietary Limited or “New GX”, is a black owned and controlled investment company formed on strong entrepreneurial principles, whereby it is uniquely positioned within its markets of focus and driven by shareholder value creation. New GX provides its partners with the necessary business acumen, financial expertise, and industry knowledge needed to assist them in achieving their growth potential through the repositioning of the entities into competitive and sustainably empowered companies capable of delivering a notable impact on all interested stakeholders, be they internal or external.
Rand Merchant Bank (RMB), a division of FirstRand Bank Limited, is a leading African corporate and investment bank and part of one of the largest financial services groups in Africa. The company offers its clients innovative, value-added advisory, funding, trading, corporate banking and principal investing solutions. Hence, Envisionit Deep AI believes that these companies also share its vision of providing adequate diagnostic healthcare services across Africa.
