Digital health company Eko Health has secured $41m in a Series D funding round to scale its AI-powered heart and lung disease detection.
The latest financing round comprised contributions from ARTIS Ventures, NTTVC, Highland Capital Partners, and Questa Capital.
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This investment will facilitate the expansion of the company’s disease detection platform in the US and across the globe.
The latest funding round builds on certain commercial and clinical milestones, including clearances from the US Food and Drug Administration (FDA) for Eko’s structural heart murmur and low ejection fraction (Low EF) detection algorithms.
The murmur detection algorithm has been clinically validated in a study conducted at the Massachusetts General Hospital and demonstrated to boost identification rates of structural heart murmurs two-fold compared to standard practice used in primary care settings.
Eko developed the low EF detection algorithm in collaboration with Mayo Clinic.
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By GlobalDataAn Imperial College London study has shown that this algorithm improves the identification of heart failure with reduced ejection fraction in general practitioner clinics.
The company noted that implementing such AI-driven tools is critical in reducing diagnostic bottlenecks and enhancing patient outcomes.
With the infusion of new capital, Eko plans to deepen its market presence in the US and accelerate its expansion into key international markets.
These efforts will be supported by investments from Double Point Ventures in the US, global investor EDBI based in Singapore, and LG Technology Ventures.
Eko Health CEO and co-founder Connor Landgraf said: “Eko harnesses AI to unlock universal access to expert-level cardiac and pulmonary disease detection for patients everywhere.
“Just as Ring transformed doorbells into home security systems, Eko has reinvented the world’s most ubiquitous medical tool into a powerful early disease detection platform, creating the world’s largest install base of professional AI-enabled cardiology devices.”
In September 2023, Eko Health and FIGS formed a partnership to unveil the new FIGS | Eko CORE 500 Digital Stethoscope.
