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Friday 22 May 2020

Navenio raises £9m for hospital workforce AI platform

Navenio logoOxford University spin-out Navenio has secured £9m in Series A funding. The round was led by Hong Kong-based QBN Capital with additional participation from G.K. Goh, Hostplus, Big Pi Ventures, Oxford Investment Consultants, and existing investors, including Oxford Sciences Innovation, IP Group and the University of Oxford.

Navenio, which spun out in 2015, provides infrastructure-free indoor location solutions. The technology utilises existing smartphone devices to localise people within a broad range of contexts and markets, including healthcare. It has no reliance on traditional location systems such as GPS, Beacons or RFID.

Its Intelligent Workforce Solution provides an automated system for the tasking of healthcare staff and prioritising workload based on their location. Navenio says the solution is often described as “a bit like Uber, but for Healthcare Teams”. The company sees significant benefit in hospitals utilising the technology during the COVID-19 crisis, including infection control response, porter tasking, staff support and patient movement. The new funding will help the business increase the scope its offering in the UK, as well as expanding in the USA and Asia.

The immense pressure on healthcare systems has increased significantly during the pandemic and will remain incredibly challenging as delayed treatments restart; hence, ensuring resources are utilised effectively and efficiently is more vital than ever.

Posted by: Dale Peters

Tags: nhs   funding   startup   AI   healthcare  

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