Sword Health, a startup running out of Portugal that has evolved a digital physiotherapy solution to permit sufferers to be handled remotely in their very own houses, has raised $four.6 million in seed investment. Backing the spherical is Green Innovations, Vesalius Biocapital III, and different unnamed traders within the U.S. and Europe.
The corporate says it’ll use the brand new capital, which provides to an previous ~$1.2 million grant from the European Commission, to boost up the improvement of recent digital treatments and pressure world enlargement.
Using what it describes as a mix of “high-precision motion tracking sensors” and the newest advances in AI, the Sword Health solution goals to make the supply of physiotherapy infinitely extra scalable, in popularity that there’s a international scarcity of physiotherapists. Its flagship product “Sword Phoenix” supplies sufferers with interactive bodily rehabilitation workouts from the relief of their very own house, supervised by means of far flung physiotherapists.
“Twenty years ago my brother had a car accident. What I realised then (and this is still true now) is that there is a huge gap between the demand for physical therapy and our ability, as a developed society, to deliver that therapy,” Sword Health co-founder and CEO Virgílio Bento tells me.
“The problem is that the physical rehabilitation industry has not changed in the last 50 years. We’re still very much dependent on the one-to-one patient-therapist interaction, which is the gold standard, but it is not a scalable model and is actually very costly for both patients and healthcare providers”.
To treatment this, Bento and the Sword crew started paintings on what he calls a “digital physical therapist” thought. The concept is that by means of the usage of movement sensors connected to the suitable puts of a affected person’s frame, blended with an AI-driven consumer interface that may take that movement information and provides fast comments, a few of what a physiotherapist does can also be augmented by means of machines.
“With Sword Phoenix, clinical teams extend their therapeutic footprint to each patient’s home, scale their reach and are able to devote more time to delivering the human touch,” he says.
To date, Bento says Sword is operating with insurance coverage firms, nationwide well being services and products, well being repairs organisations and suppliers within the U.S., Canada, Australia, Norway, and the startup’s house nation, Portugal.
“These customers are able to provide higher quality physical therapy services directly in the patient’s home and decrease operational costs at the same time – an accomplishment that is only possible in healthcare through enlightened use of data analysis and technology,” he provides.
In phrases of competition, Bento argues that almost all of well being tech firms are enthusiastic about creating applied sciences that enhance the one-to-one affected person therapist interplay (e.g., Tyromotion, Hocoma). “This incremental improvement is not the solution because it does not result in a paradigm shift,” he says.
With that stated, Bento does conceded that there are different startups seeking to create a digital therapist. One I’ve lined intimately is Atomico-backed Hinge Health, which has evolved a digital solution for musculoskeletal (MSK) issues.