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Funding Target
Circa $20,000,000
Round
Series C
Co Investors
iAngels
Website
Sector
Healthcare
OurCrowd is hosting a webinar/conference call for investors to meet CEO David Maman and to learn more about Binah.ai
Thursday, October 21st, at 8:00PM Israel/ 1:00PM New York/ 10:00AM San Francisco
Binah.ai is enabling dramatic improvements in telemedicine by providing an array of vital signs using a smartphone, tablet, laptop or any device with a camera. Binah.ai can collect heart rate, oxygen saturation, respiration rate, heart rate variability, and mental stress within one minute using the device’s camera. In the near future, the system will also be able to provide blood pressure and hemoglobin level.
Binah.ai’s software-only solution is based on a mix of signal processing, AI, and a proprietary mathematical framework. The user simply looks into the camera. A person’s skin is constantly undergoing rapid changes in color which reflect the body’s physical state and functioning. Binah.ai’s technology detects these changes to draw conclusions about a person’s vital signs. Testing indicates the system determines these vital signs with comparable accuracy to an Apple Watch or manual readings.
All processing is done on the end-user device – the system can provide readouts to the user even without an internet connection. If coupled with a wearable device, this provides the possibility of continuous monitoring. Computing on the edge device is also desirable from a data security standpoint.
Binah.ai supports a number of different applications including digital health, insurance, and wellness.
KEY HIGHLIGHTS
- Emerging leader in fast-growing telemedicine sector accelerated by Covid-19
- Platform embedded in insurers’ own smartphone app uses AI and machine learning to upload vital medical signs to insurance providers via standard video without special hardware
- Full analysis of vital signs including heart rate/variability, oxygen saturation, respiration, mental stress level and more; hemoglobin and sector holy grail of blood pressure expected soon
WHY WE ARE INVESTING IN BINAH.AI
The World Health Organization estimates that by 2030 there will be a shortage of more than 18 million health care workers worldwide, placing tremendous additional pressure on health systems to adopt the greater efficiencies possible through telemedicine.
OurCrowd is investing in Binah.ai, an Israeli startup that is disrupting the remote, real-time health data monitoring market with a software-only solution that extracts vital signs in one minute using a smartphone, tablet, laptop or any digital device with a camera. The details herein are based on information received from, and verified solely by, the company.
Current techniques for remote vital-sign monitoring include an array of different devices including oximeters, thermometers, blood pressure cuffs, respiration monitors, heart-rate monitors, smartwatches and other wearables. The use of these devices produces constant friction in terms of cost, maintenance, shipping, charging, usability limitations and upgrades.
By detecting subtle changes in skin color via a standard video from a digital camera, Binah.ai can provide heart rate, oxygen saturation, respiration rate, heart rate variability, and mental stress. Binah.ai reports that its technology is superior to that of its competitors as it is equipped to extract more of the body’s vital signs and functions without an active internet connection. Soon, the system will also be able to provide hemoglobin level and even blood pressure – the holy grail of the health-monitoring industry.
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Israel Trade and Economic Commission in Sydney, Australia 