Stockholm-based startup Neko Health has raised $260 million in funding and offers comprehensive medical examination using artificial intelligence in just one hour.
G. Ostrov
Medical technologies are experiencing a true revolution thanks to startup Neko Health, which successfully raised $260 million in a new funding round, with the company valued at $1.8 billion. The project is backed by outstanding entrepreneurs: Daniel Ek, creator of music streaming service Spotify, and Hjalmar Nilsson, founder of smart energy company Watty.
Innovative Diagnostic Technology
Neko Health's uniqueness lies in its comprehensive approach to medical diagnostics. In the company's specialized clinics, patients undergo complete body scanning in one hour. Advanced equipment analyzes skin condition, assesses metabolic risks, examines cardiovascular system functioning, and numerous other vital parameters.
Collected information is processed by cutting-edge artificial intelligence algorithms, after which results are transmitted to qualified Neko doctors for forming final medical conclusions and recommendations. The development of the research protocol required six years of meticulous work.
Practical Results and Achievements
The first Neko Health medical facility opened its doors in Stockholm in 2023, and a year later, the second clinic began operating in London. The cost of comprehensive examination starts from $250, making advanced diagnostics accessible to a wider circle of patients.
Impressive statistical data demonstrates the technology's effectiveness: over 10,000 people have already undergone the procedure, with 80% of clients booking repeat examinations after a year. In 14% of patients during the first year of operation, serious health problems were identified that they were unaware of, while 1% of clients received a chance at life-saving early detection of dangerous diseases.
Plans for Medical Industry Transformation
Neko Health develops both hardware and software, allowing quality control at all stages of the diagnostic process. Hjalmar Nilsson notes the critical lag of traditional medicine: the average age of electrocardiographs in regular clinics is 15 years, while Neko updates equipment annually.
The attracted investments will be directed toward international expansion, including entry into the American market. Currently, 100,000 potential patients are on Neko Health's waiting list.
"We have a unique opportunity to transform the planet's largest industry and create a mutually beneficial situation: reduce public healthcare costs, alleviate human suffering, and build an outstanding business," comments Daniel Ek.
Official company website: nekohealth.com