Tandem, a healthcare startup harnessing the power of AI, has secured $9.5 million in seed funding. The CEO, Lukas Saari, who has a background in healthcare analytics from McKinsey in the Nordic region, shared his insights on the healthcare market and clinicians’ interactions with legacy IT systems with Business Insider.
Saari expressed his fascination with the technological shift brought about by ChatGPT and generative AI, which he believes to be the most significant one in our lifetime. Tandem was established in 2023 and offers a SaaS platform that utilizes generative AI to generate structured medical notes in various languages with appropriate terminology. The software seamlessly integrates with practitioners’ existing IT systems, allowing them to incorporate it into their daily operations.
Tandem’s product could help clinicians see an average of two more patients per day, and Saari assured that the company complies with all data privacy laws without storing audio files. The seed funding round was led by Northzone and included angel operators from renowned companies like OpenAI, DeepMind, and Amino Collective. The funding process was completed in just two weeks, with multiple VC funds expressing enthusiasm for the use of AI in healthcare.
Tandem plans to utilize the funding to expand its team and expand into new territories. For more information on Tandem’s 14-slide pitch deck.
In conclusion, Tandem is an innovative healthcare startup that leverages AI technology to generate structured medical notes seamlessly integrating with practitioners’ existing IT systems. The company has secured $9.5 million in seed funding and plans to use it to expand its team and enter new markets while maintaining compliance with data privacy laws.
