Novai
Latest round
- Seed
Last raised
- Jul 2020
Total raised
- $1.1M
Investors
- 1
About Novai
Novai, founded in 2004, operates from its headquarters in London, UK. The company specializes in advanced medical technologies aimed at detecting diseases affecting sight and neurological health. Its founder, Aman Khan, has a history of engaging in ventures focused on healthcare innovation.Novai is a UK Medtech company focused on combating blindness and disability through advanced early detection and intervention solutions for eye and brain diseases, primarily utilizing its proprietary DARC (Detecting Apoptotic Retinal Cells) technology. DARC technology employs a specialized AI algorithm to identify early signs of disease by detecting apoptotic retinal cells, thereby empowering patients before the onset of severe conditions. The company’s offerings target healthcare professionals in hospitals and clinics, aiming to enhance patient outcomes by shortening the time to appropriate treatment selection and driving the success of ophthalmic drugs.Novai generates revenue through partnerships with healthcare providers and pharmaceutical companies, facilitating the integration of its DARC technology into clinical practice. The commercial model is structured around B2B transactions, where healthcare institutions subscribe to Novai's services to access its diagnostic capabilities. Revenue is derived from service fees associated with the deployment of the DARC technology in clinical settings, as well as potential performance-based agreements with pharmaceutical companies looking to leverage this technology to enhance their drug development processes. The company is also targeting expansion into European and North American markets, aiming for a broader geographic reach by 2025.
Who invested in Novai
1 investor across 2 rounds
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Questions about Novai
Who invested in Novai?
Novai has 1 investor on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Novai raised?
Novai has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Novai last raise money?
Novai's most recent round on record is a Seed, in Jul 2020.
What does Novai do?
Novai, founded in 2004, operates from its headquarters in London, UK.
Where is Novai headquartered?
Novai is headquartered in London, UK.
Which VCs invest in companies like Novai?
Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Balderton Capital back biotechnology companies at Novai's stage. Their profiles are linked below.
VCs backing biotechnology startups at Seed
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