EGYPT –Egyptian healthtech company, Rology has closed pre-Series A financing to fuel its growth in Saudi Arabia and Kenya.
The funding round was led by Egypt Ventures, with participation from Sequence Ventures, Waseel, Tawaref, Viktoria Ventures AAIC, DAI, Cubit Ventures and HIM Angels.
The startup will use the funds to scale its AI-assisted teleradiology platform into Saudi Arabia and Kenya, and then into other countries in the region.
Founded in 2017 by Amr Abodraiaa, Moaaz Hossam, Mahmoud Eldefrawy, and Bassam Khallaf, Rology has built a cloud-based platform that provides intelligent matchmaking between patients and remote radiologists, tackling the global shortage of the latter.
Currently, the startup is working with around 90 hospitals in five countries. It aims to connect healthcare providers with remote radiologists from all over the world.
The service offers 24/7 coverage and provides reports for non-urgent cases within 12 hours and emergency cases in 60 minutes.
“For the last three years we saw firsthand how Rology’s services help hospitals offer fast and accurate care to their patients and how it can literally save patients’ lives,” said Amr Abodraiaa, Rology’s chief executive officer (CEO) and co-founder.
“We look forward to expanding Rology’s platform to the African and Middle Eastern market where there is a huge need for Rology’s services and ultimately help hospitals offer better care to their patient.”
The platform is geared up to provide hospitals with novel solutions in a variety of subspecialties, including breast imaging, cardiology, chest radiology, gastroenterology (GI) radiology, musculoskeletal radiology, and much more.
The startup has an obligation to enhance Teleradiology as a true solution for diagnostic issues to save lives following the pandemic age and the higher population growth in radiology demand globally and in the MEA area.
As a result, the firm is expanding its platform to serve a wide number of hospitals and radiology centers in both urban and rural locations with little setup time and to increase radiologists’ productivity with AI radiology tools.
The platform improves scan picture quality and matches patients from hospitals and radiology centers based on sub-specialization and experience, addressing the shortage of radiologists and significant delays in medical reports.
The possibility to remotely scan photos can aid in more equitably distributing interpretation work among sites and organizations with diverse volumes.
Telemedicine not only connects patients and medical providers but also allows healthcare practitioners to consult with other doctors or specialists in the diagnosis or ongoing treatment without needing to leave their offices.
Telemedicine’s primary purpose was to provide health-care services to patients in remote or rural locations, addressing issues such as a lack of medical experts and medical centers.
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