Domo Health and Swiss public energy service provider St. Gallisch-Appenzellische Kraftwerke (SAK) have forged a strategic alliance to provide advanced digital health solutions at home.
As part of a funding round totalling CHF8.5m ($9.5m), SAK has strategically purchased a significant interest in Domo Health.
Both entities will expand an offer to advance digital health in private homes.
Domo Health is further bolstering its position in the digital health solutions market with the addition of new international clients in Germany and France.
The alliance between both companies addresses the increasing need for digital healthcare solutions besides facilitating the commercial distribution of Domo safety solutions.
SAK CEO Stefano Garbin said: “We chose Domo Health because of its innovative, modular and scalable approach, allowing us to offer holistic and custom solutions in our increased offer of services.”
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Furthermore, Domo Health has announced the availability of domo.health, its advanced digital health platform designed to transform care coordination and resource optimisation.
Domo Health worked with partners such as the CHUV, Inselspital Bern, Hirslanden Group and Roche to leverage its advanced digital health artificial intelligence-enabled platform to deliver scalable and sustainable solutions.
It offers a range of integrated solutions including a digital health platform, connected medical devices, alert systems and a mobile application that links patients with the medical world.
Domo Health co-founder and CEO Guillaume DuPasquier said: “We are thrilled about this strategic partnership with a leading public entity in the energy sector, which will allow us to propel digital health into Swiss households and beyond our borders.
“In addition to Hirslanden Group, this new, unique partnership with SAK highlights the continued efforts being made in Switzerland to invest in innovation and its local economic ecosystem, thus contributing to the security of supply and sustainability.”
The capital raising round also included existing partners such as Hirslanden Group and the Single Family Office Céleste.