Navenio raises £9M in Series A funding for hospital workforce AI platform

Oxford University spin-out Navenio has announced £9m in Series A funding for its efficiency-boosting location technology. The funding round was led by QBN Capital and includes G.K. Goh, Hostplus, Big Pi Ventures, Oxford Investment Consultants, as well as existing investors like Oxford Sciences Innovation (OSI), IP Group plc and the University of Oxford. Navenio provides infrastructure-free indoor location solutions to power a range of apps and platforms in sectors including healthcare. Hospitals, for example, can use Navenio's artificial intelligence (AI) led'intelligent workforce solution' to assign tasks to healthcare teams based on their location. This helps prioritise workload in real-time.