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Navina Raises $15 Million for Medtech Platform

Navina

Navina co-founders Perera (right) and Ronen Lavi Photo David Garb, courtesy of Grove Ventures

Navina, an Israeli medtech startup that offers a clinical platform for primary care, has secured $15 million in Series A funding led by Vertex Ventures Israel. Schusterman Family Investments (SFI) and existing investor Grove Ventures also joined the round. The Navina solution uses artificial intelligence AI to help doctors make the day to day decisions on their patients’ health care needs.

So when you think of AI, don’t just think of self-aware computers and machines taking over the world, like in the movies. AI is also about computers that can think and perform deductive tasks efficiently. In this way, in the medical fields they would be able to remember at all times all of the pertinent information about a given patient, or about a certain kind of illness and its treatment, while also being able to make a diagnosis and give an appropriate course of treatment.

Navina has now brought in a total of $22 million in investments to date, which includes a $7 million seed round held in October, 2020.

Navina explains that primary care physicians are overwhelmed by catastrophically complex and irregularly structured patient data. These deficiencies often result in missed diagnoses, provider and patient frustration, and economic loss. Navina uses medically-informed AI to restructure chaotic information into an “immediately clear, diagnostically-linked, actionable Patient Portrait. This data presentation gives physicians a radically reinvented view of their patient, resulting in better treatment and reduction of missed diagnoses.”

Navina was selected by Northern Ohio Medical Specialists (NOMS Healthcare), a leading ACO and multi-specialty independent physician group with over 300 providers and 30 specialties. This HIMSS Davies Award Winner chose Navina to support their physicians as they grow the group exponentially as national leaders in value-based care and increased risk sharing.

Navina is also collaborating with the American Academy of Family Physicians (AAFP) Innovation Lab.

“We started Navina to help physicians make the most of all the digital data that is overwhelming them,” said Ronen Lavi, co-founder and CEO of Navina. “Navina delivers deep patient understanding in a quick view, and will become core to every physician-patient interaction. As new sources of patient data emerge, telehealth grows in its acceptance and COVID continues to pressure physicians, Navina will become indispensable to relieving their stress and supporting more responsive patient care.”

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