As Artificial Intelligence (AI) technology continues to take centre stage, with more teams deploying it to accelerate how they work, medical experts, who have once had to rely chiefly on mecho-chemical technologies, are not left out in the mix.
While they have not only embraced AI technology, they seem to be gaining the confidence of investors who see opportunity in the medical space.
South African female-led healthtech startup, Envisionit Deep AI, is the recent in this light, securing $1.65 million in funding from New GX Ventures.
The investment, according to press, marked a significant milestone for the South African company, which was founded by Dr. Jaishree Naidoo, a former pediatric radiologist.
The funding comes on the heels of Envisionit Deep AI’s win as the Southern Africa regional winner at the African Startup Awards.
Meet Envisionit Deep AI
With a vision to transform the way radiologists interpret imaging and make diagnoses, the company infuses revolutionary technology like artificial intelligence into radiology.
“We have this exciting goal to combine revolutionary technology like artificial intelligence with radiology and we want to transform the way radiologists look, interpret imaging and make diagnoses,” said Naidoo.
AI in medicine
The use of AI in the medical industry has the potential to revolutionize the way healthcare is delivered.
With its ability to analyze large amounts of data quickly and accurately, AI can help doctors make faster and more accurate diagnoses, leading to better patient outcomes.
The team behind the healthtech startup
For any successful company, there are individuals who work together to achieve a common goal, bringing their unique talents, skills, and perspectives to the table.
In the case of Envisionit Deep AI, below are some of the team members driving the vision
Jaishree is a distinguished CEO with a background in paediatric radiology and a wealth of experience in the healthcare industry. Over the course of her 20-year career, she has made significant contributions to the state healthcare system and has earned a reputation as a respected leader in her field.
Jaishree’s professional achievements extend beyond her clinical work, as she has also held leadership positions in several prominent medical societies. She has served as the chair of the South African Society of Paediatric Imaging (SASPI) and the African Society of Paediatric Imaging (AfSPI), and is currently a member of the Executive Council of the World Federation of Paediatric Imaging (WFPI) and the African Society of Radiology (ASR).
Through her involvement in these organizations, Jayshree has made important contributions to the advancement of paediatric imaging and radiology on a global scale. As CEO, she brings a wealth of knowledge and expertise to her role, enabling her to lead her team with confidence and drive positive change within the industry.
Terence Naidu is a highly accomplished business development professional with over 17 years of experience in financial services. As the founder and managing director of Envisionit Group of Companies, he has established himself as a leading figure in the industry.
Terence’s impressive track record includes a number of notable accolades, such as being named a finalist for the 2018 Entrepreneur of the Year award. In addition, his most recent achievement includes winning the UK Tech Hub Going Global 2019 award for Envisionit E-Pay, one of the most innovative and impactful tech start-ups.
With a passion for innovation and a strong business acumen, Terence is a valuable asset to any organization he works with. His experience and expertise enable him to identify and capitalize on new opportunities, drive growth, and deliver exceptional results. As Head of Business Development, he is dedicated to creating and executing strategic plans that take businesses to the next level.
Meet Andrei Migatchev, an accomplished Chief Technology Officer with a lifelong love for learning and a keen interest in information technology. Hailing from Russia, Andrei’s academic prowess was evident from an early age, as he graduated with multiple distinctions at just 14 years old.
With over 20 years of experience in the IT industry, Andrei is a seasoned expert who remains at the forefront of technology. He has a deep passion for innovation and is constantly seeking out the latest advances in the field. At the same time, he balances this drive with a commitment to creating stable, reliable designs that minimize risks when deploying and operating business solutions.
As CTO, Andrei brings a wealth of knowledge and expertise to the team, developing cutting-edge software, as well as implementing state-of-the-art hardware systems.
As he leads the company’s team of IT professionals, he is, no doubt, dedicated to delivering results that exceed expectations.