Dubai – Mubasher: Medicus AI GmbH on Monday announced closing the first tranche of its series A funding round worth about EUR 2.75 million (over AED 11.5 million).

The artificial intelligence-based health technology startup founded in Dubai aims at closing a second tranche of around EUR 2.25 million (just over AED 9.5 million) within the coming few months, it said in a statement.

“Healthcare is in dire need of a user-experience overhaul,” Medicus CEO Baher Al Hakim said, noting that “people these days are used to experiencing things in a much simpler and clear fashion, yet healthcare is still complex and impenetrable.”

Augmentation “can unlock massive value that reverberates across the whole healthcare system,” Al Hakim added.

The series A funding round will further drive the healthcare technology innovator’s global expansion as well as the development of its diagnostic lab and insurance products.

Currently providing support and services in Arabic, German, French, and English, Medicus plans to launch services in Italian, Chinese, Portuguese, and Spanish in 2019.

As Medicus’ current core client base, the diagnostic lab space produces about 20 billion reports every year.

“Medicus is working towards transforming the healthcare sector, simplifying the relations between healthcare providers and patients, and leading to better health outcomes,” Al Hakim concluded.

Source: Mubasher

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