Munich-based Avelios Medical, supplier of a contemporary hospital data system (HIS), has raised €30 million in Sequence A funding to achieve its aim of turning into the main OS for clever affected person care.
The funding spherical was led by Sequoia Capital alongside present buyers Revent and Excessive-Tech Gründerfonds (HTGF).
“Sequoia has consciously turned away from the basic, short-term funding cycle and focuses on firms that remedy basic issues. The digitization of affected person care requires long-term pondering and sustainable innovation. With Sequoia, we are able to ship precisely that – a system constructed to face the check of time,” says Christian Albrecht, Co-founder of Avelios.
Based in 2020 by Christian Albrecht, Nicolas Jakob, and Dr. Sebastian Krammer, Avelios Medical appears to innovate medical care with its HIS. Through the peak of COVID, Dr. Sebastian Krammer spent precious time counting sufferers by hand, then reported the outcomes to authorities by way of fax. And when he and Nicolas Jakob, a software program engineer and deep studying skilled, tried to develop their analysis on classifying pores and skin circumstances with AI, they shortly found hospitals’ antiquated programs couldn’t present the info they wanted.
So that they teamed up with Christian Albrecht, a McKinsey alum and former Co-founder with Nicolas, to resolve the issue. And as an alternative of “treating the signs” by constructing on high of outdated legacy software program, they determined to take the trail of “treating the trigger” and sort out the issue at its core, by constructing a totally new HIS.
Avelios Medical’s HIS 2.0 places the therapy course of on the middle of digitisation and, based mostly on structured information, optimises hospital processes, reduces documentation effort, and intelligently connects affected person information – from admission to billing.
Sana, one in every of Germany’s largest personal hospital chains with 56 services, and famend college hospitals such because the Hospital of the Ludwig-Maximilians-College Munich or the Hannover Medical College already depend on Avelios’ software program and its built-in affected person portal.
With SAP exiting the HIS market by 2030, a whole bunch of German and European hospitals should rethink their system panorama. Avelios believes that this presents a once-in-a-generation alternative to overtake hospital IT, elevating the standard of care, and boosting course of effectivity.
In keeping with Avelios, preventable remedy errors declare 65k lives annually in Germany alone – outpacing street site visitors fatalities. They argue that the trigger is outdated IT programs, which too typically don’t make information accessible on the proper time in the correct format. For a similar motive, in accordance with a examine by Marburger Bund, medical doctors spend greater than three hours a day on administrative duties.
Decided to repair the basis trigger, Avelios’ three founders constructed a complete HIS from scratch – designed to empower medical doctors and nurses, not burden them. The result’s an working system for clever affected person care designed to seamlessly align with therapy workflows, slashing documentation effort, and connecting information throughout sectors.
By recording structured information alongside all the affected person journey, Avelios appears to unlock AI’s full potential – enabling improvements like automated diagnostics.
All information is saved solely in “extremely safe information facilities in Europe or immediately within the prospects’ native infrastructure“. Due to a modular microservice structure, hospitals can flexibly adapt the system to their particular wants and select between a step-by-step implementation or a single-step substitute.
Anas Biad, Companion at Sequoia Capital: “Constructing an entire hospital data system, together with documentation, admin, billing, affected person portal and extra, just isn’t for the faint-hearted, but that is exactly what Avelios has constructed. We have been astounded by the depth and breadth of the product, in addition to the suggestions from their prospects, which rely among the largest private and non-private hospitals in Germany. We’re thrilled to accomplice with these distinctive founders and workforce as they ship the trendy working system our healthcare deserves.“
