Berlin-based Ada Health, which has developed a doctor-in-your-pocket style app that uses artificial intelligence to try to diagnose symptoms, has been backed by investment arms of South Korea's Samsung and German pharmaceutical giant Bayer.
Ada Health announced Thursday it has raised a $90 million funding round at an undisclosed valuation that brings total investment in the company up to around $150 million.
Bayer led the round through its Leaps by Bayer investment arm, while Samsung invested through the Samsung Catalyst Fund, a U.S.-based venture capital fund that Samsung Electronics uses to back companies worldwide. Samsung Electronics' former chief strategy officer and corporate president, Young Sohn, has joined the board of Ada Health.
Founded in 2011 by entrepreneurs Dr. Claire Novorol, Martin Hirsch and Daniel Nathrath, Ada Health says its app has been downloaded over 11 million times.
"The app basically works like a WhatsApp chat with your trusted family doctor, but 24/7," CEO Nathrath told CNBC.
The patient starts by entering their symptoms, and an AI chat bot will ask a series of questions to try to determine the issue. After that, the app will present the patient with the conditions that are most likely to be the cause and offers some suggestions on what to do next to address the issue.
The iOS and Android apps give generic advice such as to see a GP in the next three days. But when patients interact with Ada Health through a health system that uses the app, they can go straight into booking an appointment and sharing the outcome of their pre-assessment with a real doctor, Nathrath said.
He said the company has signed deals with several health systems, health insurers and life sciences companies. Axa OneHealth, Novartis, Pfizer and SutterHealth are listed as partners on Ada Health's website.
While the app is free for patients to download, Ada Health charges partners for access to its software.
The company said the new funding will be used to help it expand deeper into the U.S., which is already its biggest market with 2 million users. Elsewhere, Ada Health has roughly 4 million users across the U.K., Germany, Brazil and India, with roughly 1 million in each.
The funding will also be used to improve the company's algorithms, add to the medical knowledge base and go beyond 10 languages, Nathrath said.
He also also wants to feed the Ada Health app with more information beyond symptom data provided by the patient. That could include lab data, genetic testing and sensor data, Nathrath said.
"Smartwatches and other sensors have really made a big leap forward," Nathrath said. "Nowadays you can measure your blood pressure, you can do an ECG, measure heart rate variability and blood oxygen levels."
"Our ambition is really to build what we call a personal operating system for health where you wouldn't just have a symptom check, but you would be able to integrate all relevant sources of health information in a way where ideally Ada becomes this companion that can alert you before the 100 problem becomes a 100,000 a year problem."
Ada Health has received less funding than other "doctor" apps like Babylon and Kry.
Unlike Babylon and Kry, Ada Health doesn't allow patients to hold a video call with a GP.
Ada briefly ran a service called Doctor Chat that allowed users to consult with a registered GP through an on-demand chat portal. However, it was deactivated in March 2018 after being live for around a year.
"We were expecting a lot more people to actually use this than they did," Nathrath said, adding that people prefer the automated chat experience to video calls with GPs.
"When you look at telehealth, you can't scale it as well as you can an AI solution because you still need to hire a lot of doctors in different countries," Nathrath said.
The investment in Ada Health comes just over two weeks after British health start-up Huma raised $130 million from the venture arms of Bayer, Samsung and Hitachi.
Other investors in Ada Health's latest round include Vitruvian Ventures, Inteligo Bank, F4 and Mutschler Ventures.
Go here to see the original:
Samsung and Bayer invest in A.I. doctor app Ada Health - CNBC
- Classic reasoning systems like Loom and PowerLoom vs. more modern systems based on probalistic networks [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Using Amazon's cloud service for computationally expensive calculations [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Software environments for working on AI projects [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- New version of my NLP toolkit [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Semantic Web: through the back door with HTML and CSS [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Java FastTag part of speech tagger is now released under the LGPL [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Defining AI and Knowledge Engineering [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Great Overview of Knowledge Representation [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Something like Google page rank for semantic web URIs [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- My experiences writing AI software for vehicle control in games and virtual reality systems [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- The URL for this blog has changed [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- I have a new page on Knowledge Management [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- N-GRAM analysis using Ruby [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Good video: Knowledge Representation and the Semantic Web [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Using the PowerLoom reasoning system with JRuby [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Machines Like Us [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- RapidMiner machine learning, data mining, and visualization tool [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- texai.org [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- NLTK: The Natural Language Toolkit [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- My OpenCalais Ruby client library [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Ruby API for accessing Freebase/Metaweb structured data [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Protégé OWL Ontology Editor [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- New version of Numenta software is available [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Very nice: Elsevier IJCAI AI Journal articles now available for free as PDFs [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Verison 2.0 of OpenCyc is available [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- What’s Your Biggest Question about Artificial Intelligence? [Article] [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Minimax Search [Knowledge] [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Decision Tree [Knowledge] [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- More AI Content & Format Preference Poll [Article] [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- New Planners Solve Rescue Missions [News] [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Neural Network Learns to Bluff at Poker [News] [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Pushing the Limits of Game AI Technology [News] [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Mining Data for the Netflix Prize [News] [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Interview with Peter Denning on the Principles of Computing [News] [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Decision Making for Medical Support [News] [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Neural Network Creates Music CD [News] [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- jKilavuz - a guide in the polygon soup [News] [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Artificial General Intelligence: Now Is the Time [News] [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Apply AI 2007 Roundtable Report [News] [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- What Would You do With 80 Cores? [News] [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Software Finds Learning Language Child's Play [News] [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Artificial Intelligence in Games [Article] [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Artificial Intelligence Resources [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Alan Turing: Mathematical Biologist? [Last Updated On: April 25th, 2012] [Originally Added On: April 25th, 2012]
- BBC Horizon: The Hunt for AI ( Artificial Intelligence ) - Video [Last Updated On: April 30th, 2012] [Originally Added On: April 30th, 2012]
- Can computers have true artificial intelligence" Masonic handshake" 3rd-April-2012 - Video [Last Updated On: April 30th, 2012] [Originally Added On: April 30th, 2012]
- Kevin B. Korb - Interview - Artificial Intelligence and the Singularity p3 - Video [Last Updated On: April 30th, 2012] [Originally Added On: April 30th, 2012]
- Artificial Intelligence - 6 Month Anniversary - Video [Last Updated On: April 30th, 2012] [Originally Added On: April 30th, 2012]
- Science Breakthroughs [Last Updated On: April 30th, 2012] [Originally Added On: April 30th, 2012]
- Hitman: Blood Money - Part 49 - Stupid Artificial Intelligence! - Video [Last Updated On: April 30th, 2012] [Originally Added On: April 30th, 2012]
- Research Members Turned Off By HAARP Artificial Intelligence - Video [Last Updated On: April 30th, 2012] [Originally Added On: April 30th, 2012]
- Artificial Intelligence Lecture No. 5 - Video [Last Updated On: April 30th, 2012] [Originally Added On: April 30th, 2012]
- The Artificial Intelligence Laboratory, 2012 - Video [Last Updated On: April 30th, 2012] [Originally Added On: April 30th, 2012]
- Charlie Rose - Artificial Intelligence - Video [Last Updated On: April 30th, 2012] [Originally Added On: April 30th, 2012]
- Expert on artificial intelligence to speak at EPIIC Nights dinner [Last Updated On: May 4th, 2012] [Originally Added On: May 4th, 2012]
- Filipino software engineers complete and best thousands on Stanford’s Artificial Intelligence Course [Last Updated On: May 4th, 2012] [Originally Added On: May 4th, 2012]
- Vodafone xone™ Hackathon Challenges Developers and Entrepreneurs to Build a New Generation of Artificial Intelligence ... [Last Updated On: May 4th, 2012] [Originally Added On: May 4th, 2012]
- Rocket Fuel Packages Up CPG Booster [Last Updated On: May 4th, 2012] [Originally Added On: May 4th, 2012]
- 2 Filipinos finishes among top in Stanford’s Artificial Intelligence course [Last Updated On: May 5th, 2012] [Originally Added On: May 5th, 2012]
- Why Your Brain Isn't A Computer [Last Updated On: May 5th, 2012] [Originally Added On: May 5th, 2012]
- 2 Pinoy software engineers complete Stanford's AI course [Last Updated On: May 7th, 2012] [Originally Added On: May 7th, 2012]
- Percipio Media, LLC Proudly Accepts Partnership With MIT's Prestigious Computer Science And Artificial Intelligence ... [Last Updated On: May 10th, 2012] [Originally Added On: May 10th, 2012]
- Google Driverless Car Ok'd by Nevada [Last Updated On: May 10th, 2012] [Originally Added On: May 10th, 2012]
- Moving Beyond the Marketing Funnel: Rocket Fuel and Forrester Research Announce Free Webinar [Last Updated On: May 10th, 2012] [Originally Added On: May 10th, 2012]
- Rocket Fuel Wins 2012 San Francisco Business Times Tech & Innovation Award [Last Updated On: May 13th, 2012] [Originally Added On: May 13th, 2012]
- Internet Week 2012: Rocket Fuel to Speak at OMMA RTB [Last Updated On: May 16th, 2012] [Originally Added On: May 16th, 2012]
- How to Get the Most Out of Your Facebook Ads -- Rocket Fuel's VP of Products, Eshwar Belani, to Lead MarketingProfs ... [Last Updated On: May 16th, 2012] [Originally Added On: May 16th, 2012]
- The Digital Disruptor To Banking Has Just Gone International [Last Updated On: May 16th, 2012] [Originally Added On: May 16th, 2012]
- Moving Beyond the Marketing Funnel: Rocket Fuel Announce Free Webinar Featuring an Independent Research Firm [Last Updated On: May 23rd, 2012] [Originally Added On: May 23rd, 2012]
- MASA Showcases Latest Version of MASA SWORD for Homeland Security Markets [Last Updated On: May 23rd, 2012] [Originally Added On: May 23rd, 2012]
- Bluesky Launches Drones for Aerial Surveying [Last Updated On: May 23rd, 2012] [Originally Added On: May 23rd, 2012]
- Artificial Intelligence: What happened to the hunt for thinking machines? [Last Updated On: May 25th, 2012] [Originally Added On: May 25th, 2012]
- Bubble Robots Move Using Lasers [VIDEO] [Last Updated On: May 25th, 2012] [Originally Added On: May 25th, 2012]
- UHV assistant professors receive $10,000 summer research grants [Last Updated On: May 27th, 2012] [Originally Added On: May 27th, 2012]
- Artificial intelligence: science fiction or simply science? [Last Updated On: May 28th, 2012] [Originally Added On: May 28th, 2012]
- Exetel taps artificial intelligence [Last Updated On: May 29th, 2012] [Originally Added On: May 29th, 2012]
- Software offers brain on the rain [Last Updated On: May 29th, 2012] [Originally Added On: May 29th, 2012]
- New Dean of Science has high hopes for his faculty [Last Updated On: May 30th, 2012] [Originally Added On: May 30th, 2012]
- Cognitive Code Announces "Silvia For Android" App [Last Updated On: May 31st, 2012] [Originally Added On: May 31st, 2012]
- A Rat is Smarter Than Google [Last Updated On: June 5th, 2012] [Originally Added On: June 5th, 2012]