TLDR:
- Digital health tech platform Swift Medical has raised $8 million in a recent funding round.
- The funding round was led by existing investors BDC Capital’s Women in Technology Venture Fund and Virgo Investment Group.
Digital health tech platform Swift Medical has closed an $8 million funding round. The funding was led by existing investors BDC Capital’s Women in Technology Venture Fund and Virgo Investment Group. Swift Medical provides mobile wound care management software that uses advanced imaging and machine learning technology to assist in wound assessment and treatment. The platform helps healthcare providers streamline wound care processes and improve patient outcomes using digital solutions.
The company plans to use the funding to support international expansion and further product development. Swift Medical will focus on market expansion in the United States, Europe, and Asia and invest in research and development to enhance its software and expand its capabilities.
Swift Medical’s mobile wound care management software has gained significant traction in the healthcare industry, with over 3 million patients benefiting from its technology. The software allows healthcare providers to capture and monitor wound healing progress through digital imaging and automated documentation. By leveraging advanced imaging and machine learning, Swift Medical’s platform provides accurate and objective wound assessment, which can lead to more effective treatment plans and better outcomes for patients.
The COVID-19 pandemic has accelerated the adoption of digital health technologies, and Swift Medical’s platform has seen increased demand during this time. The company’s software eliminates the need for in-person assessments, allowing healthcare professionals to remotely monitor and manage wounds. This has become particularly important as healthcare systems face capacity challenges and patients seek alternatives to in-person care.
In addition to its use in wound care, Swift Medical’s technology has also been employed for other applications, such as monitoring skin conditions and assessing surgical incisions. The company’s ability to adapt its platform for different healthcare needs demonstrates its potential for further growth and innovation in the digital health space.
Overall, Swift Medical’s recent funding round signifies investor confidence in the company’s digital health technology and its potential to revolutionize wound care management. With plans for international expansion and product development, Swift Medical is well-positioned to continue making advancements in the digital health industry and improving patient outcomes.
