Heuristic is looking to expand its capital and relies on Europe’s healthcare to validate its technology. The Basque company has opened a €1.3 million financing round aimed at launching its pilot programs in hospitals, both on an Iberian scale, where it already had a presence, Like in Croatia and Poland, countries I haven’t worked in until now,
apart from this start up is preparing to make its leap into the US market and is in talks with a Boston hospital to test its pilot, whose name has not been disclosed, In this sense, two accelerators in the North American country have approached the company, as explained by the company’s CEO, Antaxon Caballero.
Among other objectives of the heuristic is expanding its workforce to twenty workers, while it will formulate a new regulatory plan. New rules focus on Biometrics and Artificial Intelligence (AI) and ISO law,
Heuristic aims to expedite identification of patients in medical emergencies
start up have developed a software Which combines fingerprint recognition with AI. The solution is aimed at managing the data of the patient portfolio, but it also offers the possibility of being a support for the administrative and labor management of health centers.
With this tool, the company intends to expedite the identification of patients in case of medical emergency, postoperative and health centres. This includes any condition where users are unconscious, undiagnosed, or have a communication problem such as Alzheimer’s or deafness.
Looking at the end of 2023 or the beginning of 2024, start up Another round of financing worth ten million euros is targeted to be opened and will be used to enter the US market.
In October, the company was in talks with US funds based in Boston and New York.
In October, Heuristic in talks with two US funds based in Boston and New York, The goal was to launch its pilot program scheme within the European market and to make the first contact for its project in the United States.
However, this plan did not materialize, as in February, the company received 325,000 euros from Neotech, a venture capital fund sponsored by the Center for Industrial Technological Development (CDTI). With this capital contribution, the company was able to meet the set objectives.
Currently, Heuristic has dozens of employees based in Bilbao, spread across different cities in Spain such as Barcelona, Madrid, Valladolid and the Basque Country. For this year, the company also plans to receive a Horizon Europe grant, the Framework Program for Research and Innovation (R&I) of the European Union for 2021-2027.
