Navenio, the UK company that has pioneered indoor location-based artificial intelligence to revolutionise workflows and can double the throughput of hospital teams, has been successful in securing funding in the latest round of the Artificial Intelligence in Health and Care Award. Navenio was one of 38 organisations to receive the funding in the second round of the competition, with the AI Award making £140 million available to multiple applicants over four years to accelerate the testing and evaluation of artificial intelligence technologies which meet the aims set out in the NHS Long Term Plan. Through world-leading University of Oxford research, Navenio creates unique indoor location-based services, solving the problem that GPS doesn't work indoors without requiring any new infrastructure. The Award's aim is to increase the impact of AI-driven technologies to help solve clinical and operational challenges across the NHS and care settings. It aligns perfectly with Navenio's mission to help transform hospitals through ensuring the right person is in the right place, at the right time.

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.