# Ferrum Health

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ferrum-health

- Industry: Healthcare IT
- Headquarters: Sunnyvale, US
- Website: www.ferrumhealth.com
- Total disclosed funding: $24M
- Latest round: Series A (Aug 2, 2024)
- Investors on record: 10

## About

Ferrum Health, Inc., based in the US, specializes in healthcare artificial intelligence (AI) solutions, focusing on the deployment of clinical AI algorithms that enhance patient care and streamline healthcare operations.Ferrum Health, Inc. was founded in 2017 and is headquartered in Sunnyvale, US. The company focuses on integrating AI into healthcare systems. It has successfully raised USD 15.000 mn in Series A funding on August 2, 2024, led by Foundry Group and supported by notable investors such as Blumberg Capital and UnitedHealthcare Accelerator Powered by Techstar. The total amount raised to date is USD 15.000 mn, with a current company valuation of USD 38.953 mn. The founders of Ferrum Health include Ken Ko and Pelu Tran, with Pelu Tran serving as the current CEO.Ferrum Health specializes in healthcare artificial intelligence (AI) solutions, primarily through its AI Orchestrator platform, which facilitates the deployment of leading clinical AI algorithms. This platform enhances patient care by ensuring the secure handling of patient data while streamlining IT costs and accelerating the integration of AI into clinical workflows. Core offerings include real-time monitoring, turnkey validation of AI algorithms, and a catalog of AI solutions from global leaders, tailored for various diagnostic and therapeutic applications such as lung CT scans, mammogram analysis, and chest X-ray evaluations. Ferrum Health’s solutions are implemented in over 200 healthcare facilities across North America and Europe, catering to a wide range of end users, including radiologists, technologists, and healthcare organizations seeking to improve clinical outcomes.Ferrum Health generates revenue through a subscription-based model, engaging directly with healthcare institutions that implement its AI solutions. Clients enter into partnerships typically involving the deployment of the AI Orchestrator and related services, which may be bundled for comprehensive care solutions. Revenue is realized through these ongoing subscriptions, allowing clients access to Ferrum’s extensive catalog of AI tools for clinical validation and monitoring. The pricing structure accommodates healthcare facilities of varying sizes, ensuring efficient access to AI solutions. Key products like Gleamer’s BoneView and the Oncology AI system enhance operational efficiencies and improve patient care, solidifying Ferrum Health’s role in the healthcare AI sector.In August 2024, Ferrum Health, Inc. raised USD 15 million in Series A funding, which will be utilized to enhance its artificial intelligence healthcare platform. The company is focused on launching new products designed to improve AI integration in clinical settings. Additionally, Ferrum Health plans to expand into new geographic markets, targeting regions in Europe and Asia by 2025, which will facilitate broader adoption of its AI solutions in healthcare systems.

## Funding rounds

- Series A, Aug 2, 2024, $15M — Blumberg Capital, GSR Ventures, UnitedHealthCare, Foundry Group, Singtel Innov8, Urban Innovation Fund, Headwater Ventures, Cercano Management, Catalyst by Wellstar
- Seed, Mar 3, 2020, $9M — Blumberg Capital, GSR Ventures, Vulcan

## Investors

- Blumberg Capital (https://capitalatlas.ai/funds/blumberg-capital) — Seed, Series A
- GSR Ventures (https://capitalatlas.ai/funds/gsr-ventures) — Seed, Series A
- Vulcan (https://capitalatlas.ai/funds/vulcan) — Seed
- UnitedHealthCare — Series A
- Foundry Group (https://capitalatlas.ai/funds/foundry-group) — Series A
- Singtel Innov8 (https://capitalatlas.ai/funds/singtel-innov8) — Series A
- Urban Innovation Fund (https://capitalatlas.ai/funds/urban-innovation-fund) — Series A
- Headwater Ventures (https://capitalatlas.ai/funds/headwater-ventures) — Series A
- Cercano Management (https://capitalatlas.ai/funds/cercano-management) — Series A
- Catalyst by Wellstar (https://capitalatlas.ai/funds/catalyst-by-wellstar) — Series A