Diagnostic Robotics, an Israeli medtech startup that uses artificial intelligence (AI) in its platform that helps to predict how patients will respond to certain treatments, raised $45 million in a Series B funding round. This is yet another successful startup for Kira Radinsky, who told Calcalist that Diagnostic Robotics was valued at several hundred million dollars in the round.
Founded in 2017 by CEO Kira Radinsky, Yonatan Amir and Prof. Moshe Shoham, Diagnostic Robotics boasts that its powerful diagnostic system uses AI and predictive analytics models to solve a global challenge: strained health budgets and workforces. Diagnostic is collaborating with the largest hospitals in Israel and a growing number of payer and provider partners in the United States to “help make our vision for a better world into a reality.”
“Every patient should get the right care at the right time in the most appropriate setting. Our solutions can ensure that patients are connecting with the most qualified and cost-effective provider for their individual needs.”
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“Companies aren’t rushing to be unicorns anymore. The joke going around is that everyone wants to be cockroaches, as in a creature that survives,” Kira Radinsky told Calcalist.
This was clearly in reference to the problems that Israeli firms have been having lately. Even some of its unicorns like Next Insurance have been forced to lay off employees.
“Even though I’m an expert in predictions, I didn’t predict what happened and started the funding round just as the market collapsed, which made everything far from trivial,” said Radinsky. “There is always a war or a crisis somewhere and it is part of the role of an entrepreneur to deal with these situations. At the moment many investors prefer to wait and see what will happen to the markets and only talk then. This round was very different from the previous ones I raised.”
Dr. Kira Radinsky has also served as the chief scientist (IL) & director of data science at eBay. She was the co-founder & former CTO at SalesPredict which was acquired by eBay. Radinsky was also a member of Forbes 30 under 30 list – most promising business people in technology and is a visiting Professor of Computer Science at the Technion.