Caresyntax, a surgical data, analytics, and automation company, closed its first funding round with a total of $31.9 million in collected funds. surgical.AI, a Berlin- and Boston-based specialized healthcare artificial intelligence (AI) investor, invested $20 million, while Norgine Ventures, a European business supporting innovative healthcare companies with debt-like financing, provided the company with financing of up to €10 million ($11.9 million).
The company aims to help hospitals and ambulatory surgical centers identify and manage risk, automate workflows, enhance knowledge sharing, and reduce surgical variability. Its platform aggregates structured and unstructured data from operating room devices, electronic health records, and other sources, and presents it in a unified dashboard that deciphers the causes of surgical variations and makes recommendations for fixing them, resulting in reduced readmissions, improved patient safety, and better clinical workflows.
Caresyntax plans to use this financing to grow its U.S. business, and to develop machine learning and value-added applications for surgical risk management.