Globally, the healthcare sector grapples with substantial administrative challenges, contributing to overwhelming stress among practitioners. The imbalance between patient interaction time (3 hours) and administrative tasks (6 hours), primarily related to electronic health records, is a major factor in physician burnout and a concerning 88% rate of initial misdiagnoses. Resolving this challenge, Copenhagen-based Corti offers AI assistants for healthcare professionals to deliver quality care during patient interactions, with minimal administrative workload.
Now, the Danish AI ‘co-pilot’ for healthcare interactions has secured $60 million in a Series B funding round co-led by Prosus Ventures (which backed GoStudent and Plerion) and Atomico. It also saw participation from existing investors, including Eurazeo, EIFO, and Chr. Augustinus Fabrikker.
The fresh funds will fuel Corti’s expansion globally (has offices in Europe and the US currently), growing its team and client base. Using AI that understands commonalities in cases across languages and regions, Corti’s ultimate goal is to provide global access to fast, consistent, and high-quality healthcare advice for less.
A smart helper for healthcare providers
Corti was founded in 2016 by Lars Maaløe and Andreas Cleve in Copenhagen. The platform is like a smart helper for doctors and healthcare workers. It uses AI to make their jobs easier when they talk to patients.
Already the medical software platform is used by many big healthcare groups and is growing really fast and competing with tech giants like Microsoft and Amazon. The proprietary AI software offers real-time guidance during patient interactions and accurately handles documentation and medical coding.
“For years, we’ve been proving that when humans and AI team up, the patient wins. This partnership between a healthcare professional and a Co-Pilot leads to best-in-class care, fewer errors, less red tape, and a better workflow, as every professional gets their own assistant. Through this investment, we will work to amplify our impact as we’ll scale our offering to all kinds of healthcare professionals,” said Andreas Cleve, Co-Founder and CEO at Corti.
Sandeep Bakshi, Head of European Investments at Prosus Ventures said, “The healthcare industry faces significant administrative burdens globally, leading to extensive practitioner burnout. Corti and its product suite provide system-wide efficiency improvements and enhancement of care provider abilities. We’re confident in its leading technology, unique market offering, and experienced founding team, and believe Corti is well-positioned to fundamentally redefine both the patient and healthcare experiences.”
“Andreas and Lars are visionary founders who have assembled an extraordinary team at Corti. There are few places where the need for transformational change is greater or more urgent than in global healthcare, as clinicians and providers face a trifecta of rising administrative costs, a demographic transition, and an explosion of chronic illness. Corti simultaneously improves the physician’s efficiency and job satisfaction with real-time documentation automation, greater visibility into care quality, and also optimises revenue and reduces costs,” said Atomico Partner Laura Connell.
“AI is moving faster than ever before, and at Corti we continue to stay ahead of the curve by vigilantly competing with big tech on method and application. While lots of companies cannot maintain a competitive edge, the future is bright for the teams that can consistently innovate,” said Lars Maaløe, PhD, Co-Founder & CTO at Corti.
