25 Sep Milwaukee Business Journal: Wisconsin virtual health diagnostics company Intellivisit raising $2.5M
Intellivisit, the Wisconsin company that developed an artificial intelligence-powered smartphone app that analyzes answers from a survey and descriptions of symptoms to provide users a preliminary diagnosis, is trying to raise $2.49 million from investors, according to a recent filing with the U.S. Securities and Exchange Commission.
The company, which has a mailing address listed in Madison, has raised $691,647 through 11 investors so far, according to the filing.
The company plans to use the proceeds to fund the license of its core technology from San Mateo, California-based Lumiata, an AI health care company. It also will fund the next stage of its product development roadmap, marketing and operating expenses, and other corporate purposes to leverage the business, said Eric Spyra, chief investment officer at Intellivisit.
More than 8,000 people have completed virtual visits on the app since 2016, Spyra said. The patient’s virtual diagnosis is given to a medical professional in their health network for confirmation. Through the app, a patient can build a treatment plan, schedule a visit with their doctor or receive a virtual prescription from a medical professional.
Read the full article here.