Munich-based MedTech startup deepc has successfully closed a seed financing round worth a mid-seven-figure sum. In addition to funding from the Initiative for Industrial Innovators, the company was also able to convince another well-known but undisclosed healthcare investor of its novel development.
deepc develops medical software products for imaging diagnostics, which can be used to set up and improve the workflow in radiology in the simplest possible way. The operating system developed by deepc is already being tested with leading AI/software partners and in larger hospitals in Germany.
The startup, based at the WERK1 incubator, was founded in 2019 and is grounded in years of experience in AI, data, software applications, healthcare, regulatory approval, and business model innovation in the medical field. deepc has already received numerous awards. For example, in 2020 it was awarded both the Founder's Prize and the Special Prize in the field of healthcare by the German Federal Ministry for Economic Affairs and Energy (BMWi), and in 2019 it won the prestigious Eugen Münch Prize of the Münch Foundation as well as the Munich Digital Innovation Award.
"With the technology developed by deepc, we particularly like the outstanding advantages that the medical products offer users and the possibility of scaling the system to many other medical diagnostic application areas in the future, both nationally and internationally," says Bettina Scheibe of Industrial Innovators, who shares a common vision with deepc that state-of-the-art data-based diagnostics should be easily available everywhere and to everyone in the future.
Dr. Franz Pfister, CEO and co-founder of deepc, adds: "We are very pleased about this great trust. We will invest the capital in the further scaling of our products and in our customer development. A big thank you also goes to our supporters in the Munich healthcare and venture ecosystem such as TUM, BayStartUP and the startup center WERK1."
Dr. Franz Pfister, a leading expert at the cutting edge of medicine and AI, is also a co-founder of Orbit Health, another Munich-based startup that just recently won the Wild Card Innovation Program 2020 with its idea to better treat Parkinson's disease using artificial intelligence. Orbit Health is receiving €1.5 million in funding for its implementation.