The race is run to create a new generation of health care programs to replace old hospital systems that may not be updated in some cases for decades. Emerging from Munich, Germany is called Aries It has ambitions to build a new type of comprehensive administrative system, and it tends to more modern tools using artificial intelligence services and cloud services. On Thursday, it announced 30 million euros ($ 31 million) in financing from the A series A, where it gains momentum.
Sikoya tops the tour outside its London office, with the participation of investors from the Avelios seed tour, including the high -tech GRünderfonds, Revent, and individual investors.
Do not reveal the start of the evaluation, but the tour comes in the aftermath of Avelyos after it has grown impressive – all of this on only 5 million euros of previous financing. To date, Avelios says she has registered 12 customers, all in the local market in Germany, including one of the largest private hospital chains, Sana Klinkeen AG; Ludwig-MAXIMINIAANS-HIVSITY Hospital in Munich, and Hanover Medical College Hospital.
“I think we were very effective,” CEO Christian Albricht told Techcrunch. “We have a really good engineering team and a team of 11 doctors here.”
Albarsht-who participated in the establishment of the company with CTO Nicolas Jakob and Sebastian Krammer-said in an interview that the plan is to use financing to help develop its system and work to storm more markets. He is in discussion with a hospital chain in Spain and says she is also looking at France and the United Kingdom
Badiat Kovid
Avelios takes a ground approach with the world of health care systems, with the aim of a market so far that has been largely built around applications that serve specific purposes, and therefore it had to be integrated specifically to work together (and this may have never worked together well as a result).
However, like a healthy issue, it may start small before it becomes completely consumed, as Avelios itself did not start knowing a scale and scope of what it might end.
Albrecht also describes (in the picture above left, with Jacob and Carmer), Karmamer was working as a doctor during the Covid-19 pandemic, when the loud nature of his German health care system was placed.
“He ran through hospitals and spent almost all his time in the account of patients by hand, then reported the results of the powers by hand,” said Albricht. Then consult Krammer with Jakob, which he had previously known, on how to build something to improve reports to gain better visions in emerging trends.
Niko [Jakob] He is a software engineer and an expert in deep learning. ”They tried.
Albrecht was an old friend of Jakob’s – they built a former company together – so he was brought to help them get more organization on how to build something that can be used. They quickly realized that repairing something would have been required to fix something else, and so on – again, is not different from a health problem.
“We have faced a very important decision,” he recalls. “Do we have to deal with” symptoms “and build a point solution in addition to this current chaos, in addition to the current information technology systems, or do we really deal with the fundamental cause of this, and build a completely new hospital information system?”
He said that they made a big call, and they went to the latter, “Knowing that it will be more difficult, knowing that it will take us longer, but in full belief that you can solve a lot of these radical reasons; and then in the second step, after doing this The shift, is in a unique position to do all the things of the luxury artificial intelligence at the top, because you have organized data, you can integrate artificial intelligence solutions.
Thus it took years, but Avelios finally ended up building a system that ends all administrative things: EHR (electronic health records), bills, clinical records, laboratory results, patient gate, researchers and people who work through various departments or institutions for cooperation.
In addition to an invitation to wake up from Covid-19 (which, in Germany, it came in itself with a funding batch from the government to modernize the regulations), there were some other important transformations that helped avelios on the Earth’s conversations, then deal with, with health care providers.
The first was a change in the direction of what is most likely its current competitor. SAP – one of the largest service providers who dominate the old information technology market in the field of health care (and other sectors) – on the path to transferring business resources planning (ERP) of $ 30 billion to cloud services. This may mean that it has turned away from construction, helping to support long -term solutions to points for certain sectors, including health care.
More than 1,000 hospitals use old SAP systems to change service providers when upgrade. (SAP Avelyos recommends, among other things, as a transitional partner, and Albrecht said they are working to try to enter the pole in the flow of recommendation.)
The second is the great payment of Amnesty International. Like many other industries, health care is not pushed towards artificial intelligence solutions; He also asks them. But they cannot move forward in effective artificial intelligence applications without their data being used in a state of useful – organized, mutual operating – and is usually designed for that. This becomes another Fillip for update.
The investor’s attention on pragmatic victories
Sikoya’s attention started by introduction from Revent, one of the seed investors.
“Avelios was under the construction of this system for a period of four years,” said People, Sikoya’s partner who is leading in investment. He said he was completely surprised by his discovery as soon as he started looking at the number of customers they chose despite their calm. They managed to win some of the largest private and public hospitals in Germany. We were very surprised and ran very quickly after that. ”
The investor said that although Avelios makes a great and ambitious swing here, he also does this with a lot of pragmatism. Hospitals usually do not rotate and get rid of the entire systems wholesale to update them, not the least of them because they must continue to work, but also because of the cost.
In fact, this Cyber Security Report from 2022 – From the Information and Health Care Association – I found that among the hospitals that surveyed about 73 %, its systems described as a “legacy”. (It was broken, included 35 % using Windows Server 2008; 34 % using Windows 7; 25 % using old medical operating system; 21 % using OS industrial control systems (21 %); and (horror shock) still 20 % use Windows XP ;
“Some health care organizations may not necessarily plan for these operating systems limitations,” he writes Himss in the report. “Every origin has a useful life, and it is important to plan organizations to the end of their life.”
So Avelios’s approach was to keep things normative.
“We can fall normally with customers,” Albricht said. He explained that this may first mean providing a program to help administrative jobs on preserving documents, then bills, then the patient’s gate, or in a different order. “This is something that the virtual players cannot present, because they will replace one homogeneous system with another homogeneous system, then you have the option of the big explosion only. For this reason, many of these projects make mistakes terribly.”
