The israeli company uses AI and big-data to improve IVF outcomes with technology that allows accurate and early, data-driven embryo quality assessment.
Israeli AI in vitro fertilization (IVF) for improved outcomes company Fairtility today announced the completion of a $15 million Series A financing round led by Gurnet Point Capital, with participation from Nacre Capital and other investors. This brings the total amount raised by the company so far to $18.5 million.
Fairtility uses AI and big-data to improve IVF outcomes with technology that allows accurate and early, data-driven embryo quality assessment leading to increased pregnancy rates, and shorter and fewer IVF cycles. The Tel Aviv-based company transforms AI-decision-making in IVF into a transparent process for both clinicians and patients with CHLOE EQ (Cultivating Human Life through Optimal Embryos), Fairtility’s embryo quality assessment assistant. The company is also developing CHLOE beyond embryo assessment to span the full breadth of IVF treatment.
Fairtility was founded by CEO Eran Eshed, CTO Itay Erlich and CMO Dr. Assaf Ben-Meir.
Eshed said, “Despite advancements in fertility treatments, IVF still only averages a 30% success rate per treatment cycle. We are excited to partner with such prominent investors that are helping us realize our vision of enhancing IVF outcomes and efficiency through digitization. We believe that the transparency and user-centricity of our platform will significantly improve workflow efficiency, and data-driven decision-making for better IVF outcomes. This will make IVF more accessible to a larger population of people contending with infertility.”
The funds raised will be used for advanced clinical research in fertility clinics and academic institutions globally, as well as in regulatory approval processes.
Published by Globes, Israel business news – en.globes.co.il – on May 23, 2022.
© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.
Ultrasound Photo: Shutterstock
Stay connected with us on social media platform for instant update click here to join our Twitter, & Facebook
We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.
Denial of responsibility! NewsAzi is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
