{"id":9569,"date":"2024-09-26T01:22:46","date_gmt":"2024-09-25T18:22:46","guid":{"rendered":"https:\/\/thaipropertynews.com\/feeds\/?p=9569"},"modified":"2024-09-26T01:22:46","modified_gmt":"2024-09-25T18:22:46","slug":"mediwhale-secures-12-million-in-series-a2-funding-to-drive-global-leadership-in-cardiovascular-and-metabolic-disease-management","status":"publish","type":"post","link":"https:\/\/thaipropertynews.com\/feeds\/?p=9569","title":{"rendered":"Mediwhale Secures $12 Million in Series A2 Funding to Drive Global Leadership in Cardiovascular and Metabolic Disease Management"},"content":{"rendered":"

SEOUL, South Korea<\/span>, Sept. 26, 2024 \/PRNewswire\/ —\u00a0Mediwhale<\/a>, the AI-powered health diagnostics company,\u00a0announced $12 million<\/span> series A2 investments. This funding leverages the momentum of their technological advancements and rapid adoption of its innovative biomarker for preventing cardiovascular disease in general hospitals and clinics.<\/span><\/p>\n

\n

<\/a>
<\/span><\/p>\n<\/div>\n

The financing round was led by Korea Development Bank (KDB), with participation from Woori Venture Partners, IMM Investment, Mirae Asset Securities, and other investors. This investment involves both the issuance of new shares and secondary sales.<\/p>\n

Mediwhale initially raised $2 million<\/span> in Series Pre-A funding in 2021, followed by $9 million<\/span> in Series A funding in 2023. The recent Series A2 investment of $12million<\/span> further strengthens the company’s growth trajectory.<\/p>\n

Mediwhale is setting a new standard of care for the early prevention of cardiovascular disease using AI-powered retina scans. The company’s flagship product, Reti-CVD, is an AI diagnostic solution that autonomously assesses future cardiovascular disease risk using an eye scan. It is a simple, radiation-free\u00a0test that provides highly accurate results equivalent to the coronary artery calcium score derived from a cardiac CT scan\u00a0in predicting cardiovascular risk. Since June 2023<\/span>, Reti-CVD has been approved for private reimbursement in Korea and has been utilized in over 7,200 cases across 57 medical institutions as of August 2024<\/span>.<\/p>\n

With this new capital,\u00a0Mediwhale will continue to\u00a0enhance AI algorithms, achieve U.S. FDA\u00a0approval for Reti-CVD, expand its global footprint, and develop new products to predict chronic kidney disease\u00a0risk.<\/p>\n

“Mediwhale is the first company in the world to develop and commercialize medical AI that can predict\u00a0cardiovascular disease risk through a simple eye exam. The company demonstrates significant differentiation in both business performance and technological innovation. We\u00a0have\u00a0decided to invest actively, confident\u00a0that Mediwhale will make history in AI-driven prediction of cardiovascular and metabolic diseases\u00a0both\u00a0domestically and\u00a0globally,” said Korea Development Bank.<\/p>\n

Kevin Choi<\/span>, CEO of Mediwhale, added, “I believe that our successful fundraising, even in a frozen capital market, is largely due to our excellent technology. With our pioneering technology, developed and commercialized as a world first, we aim to lead the global market in cardiovascular and metabolic disease management. We are determined to secure FDA De Novo approval by 2025, with plans to launch our product in the United States<\/span> shortly thereafter. Additionally, to maintain a competitive edge, we will significantly enhance our AI performance and expand our product pipeline to include chronic kidney disease prediction.”<\/p>\n

About Mediwhale<\/p>\n

Mediwhale is the AI-powered health diagnostics company that uses non-invasive retina scans to help prevent heart and kidney diseases. Mediwhale’s solution uses deep learning algorithms to detect future disease risks even before symptoms appear. Mediwhale has been dedicated to making preventative care more affordable, accessible, safe, and convenient since being founded in 2016 in South Korea<\/span>.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

SEOUL, South Korea<\/span>, Sept. 26, 2024 \/PRNewswire\/ —\u00a0Mediwhale<\/a>, the AI-powered health diagnostics company,\u00a0announced $12 million<\/span> series A2 investments. This funding leverages the momentum of their technological advancements and rapid adoption of its innovative biomarker for preventing cardiovascular disease in general hospitals and clinics.<\/span><\/p>\n

\n

<\/a>
<\/span><\/p>\n<\/div>\n

The financing round was led by Korea Development Bank (KDB), with participation from Woori Venture Partners, IMM Investment, Mirae Asset Securities, and other investors. This investment involves both the issuance of new shares and secondary sales.<\/p>\n

Mediwhale initially raised $2 million<\/span> in Series Pre-A funding in 2021, followed by $9 million<\/span> in Series A funding in 2023. The recent Series A2 investment of $12million<\/span> further strengthens the company’s growth trajectory.<\/p>\n

Mediwhale is setting a new standard of care for the early prevention of cardiovascular disease using AI-powered retina scans. The company’s flagship product, Reti-CVD, is an AI diagnostic solution that autonomously assesses future cardiovascular disease risk using an eye scan. It is a simple, radiation-free\u00a0test that provides highly accurate results equivalent to the coronary artery calcium score derived from a cardiac CT scan\u00a0in predicting cardiovascular risk. Since June 2023<\/span>, Reti-CVD has been approved for private reimbursement in Korea and has been utilized in over 7,200 cases across 57 medical institutions as of August 2024<\/span>.<\/p>\n

With this new capital,\u00a0Mediwhale will continue to\u00a0enhance AI algorithms, achieve U.S. FDA\u00a0approval for Reti-CVD, expand its global footprint, and develop new products to predict chronic kidney disease\u00a0risk.<\/p>\n

“Mediwhale is the first company in the world to develop and commercialize medical AI that can predict\u00a0cardiovascular disease risk through a simple eye exam. The company demonstrates significant differentiation in both business performance and technological innovation. We\u00a0have\u00a0decided to invest actively, confident\u00a0that Mediwhale will make history in AI-driven prediction of cardiovascular and metabolic diseases\u00a0both\u00a0domestically and\u00a0globally,” said Korea Development Bank.<\/p>\n

Kevin Choi<\/span>, CEO of Mediwhale, added, “I believe that our successful fundraising, even in a frozen capital market, is largely due to our excellent technology. With our pioneering technology, developed and commercialized as a world first, we aim to lead the global market in cardiovascular and metabolic disease management. We are determined to secure FDA De Novo approval by 2025, with plans to launch our product in the United States<\/span> shortly thereafter. Additionally, to maintain a competitive edge, we will significantly enhance our AI performance and expand our product pipeline to include chronic kidney disease prediction.”<\/p>\n

About Mediwhale<\/p>\n

Mediwhale is the AI-powered health diagnostics company that uses non-invasive retina scans to help prevent heart and kidney diseases. Mediwhale’s solution uses deep learning algorithms to detect future disease risks even before symptoms appear. Mediwhale has been dedicated to making preventative care more affordable, accessible, safe, and convenient since being founded in 2016 in South Korea<\/span>.<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[5,7],"tags":[],"class_list":["post-9569","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cision-pr-newswire","category-cision-pr-newswire-en"],"_links":{"self":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/9569","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9569"}],"version-history":[{"count":0,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/9569\/revisions"}],"wp:attachment":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}