From Virtual Nurses To Drug Discovery: 80 Artificial Intelligence Startups In Healthcare

In our quarterly analysis of companies pursuing healthcare-focused applications of AI, we reported that deals leapt from less than 10 in 2011 to 60 in 2015. So far this year (as 0f 8/23/2016), companies in this space have raised around 55 equity funding rounds. Some of the recent deals include a 25M Series A round raised by London-based health services startup, Babylon Health, backed by investors including Kinnevik and Google-owned DeepMind Technologies (Babylon will reportedly roll out a Siri-like voice recognition interface this year), and a 154M Series A round raised by China-based iCarbonX. "By 2025, AI systems could be involved in everything from population health management, to digital avatars capable of answering specific patient queries." We identified over 80 companies that are applying machine learning algorithms and predictive analytics to reduce drug discovery times, provide virtual assistance to patients, and diagnose ailments by processing medical images, among other things.