Belgian start-up IntelliProve raises €1M in Seed funding to further accelerate growth of their video-based health monitoring technology
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Ghent (Belgium), 15 November 2022 – IntelliProve today announced receiving €1 million in investment from The White and Yellow Cross (Dutch: Wit-Gele Kruis), VLAIO, imec.istart Fund and other private investors to fund its market expansion and product development. IntelliProve is a fast-growing MedTech start-up based in Ghent (Belgium) that focuses on camera-based health monitoring. The White and Yellow Cross West-Flanders and Antwerp led the funding and are joined by imec.istart and other private investors. Additionally, IntelliProve was granted by VLAIO to further develop their optical software.
IntelliProve’s mission is clear: save human lives by improving health monitoring. The company, led by 4 co-founders, developed a computer technology capable of accurately determining health parameters within a few seconds, based on an optical measurement of the face. A combination of novel signal processing and computer vision technology is at the heart of IntelliProve's technology. Health parameters such as heart rate, blood oxygen saturation, mental biomarkers, respiratory rate and blood pressure are measured using a conventional smartphone camera. Fast, contactless and without the need for specialized equipment or wearables. The IntelliProve technology is the first step towards ‘digital biopsies’, enabling accessible preventive healthcare .
IntelliProve was incorporated in 2021 and is currently in the product testing phase of the software solution. The company recently launched their first product to empower mental health solutions with quantitative biomarker data. IntelliProve will use the funding to further develop their clinically-validated solution, and to accelerate their go-to-market.
Joeri Tulkens, one of the co-founders and CEO of IntelliProve, welcomes the investor backing and says: “This capital injection and trust from our investors shows the importance of our health monitoring solution, which increases the quality and engagement of patient-centered digital healthcare solutions. We’re grateful and humbled to be playing a role in today’s healthcare landscape.”
IntelliProve, an advanced optical health monitoring technology in the palm of your hand
- Using a conventional smartphone camera, the IntelliProve’s solution measures physiological and mental health parameters from a face in less than 30 seconds;
- IntelliProve is the proud winner of the Belgian eAwards 2022;
- IntelliProve is supported by two acceleration programs: Birdhouse and imec.istart;
- IntelliProve launched their first product to give mental healthcare platforms the possibility to embed meaningful mental biomarkers and insights into their app/dashboard/platform.
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About The White and Yellow Cross (Wit-Gele Kruis)
The White and Yellow Cross (Dutch: Wit-Gele Kruis) represents the largest non-profit organization for home nursing in Flanders (Northern part of Belgium). The organization is composed of five autonomous provincial organizations with a covering Federation in Brussels. In 2021, The White and Yellow Cross took care of 140,889 patients. The care staff visited 64,593 patients per month on average. The White and Yellow Cross counts 6,987 employees (5,078 of them are nurses).
www.witgelekruis.be/white-and-yellow-cross
About imec.istart
Imec.istart, ranked #1 university-linked business accelerator in Europe by UBI Global, offered IntelliProve pre-seed funding and tailored support to succeed and grow globally. Since 2011, they have invested in more than 260 companies. IntelliProve was selected by imec.istart as a high-potential startup to join a 12-month program in Belgium.
www.imecistart.com/en
More information
Joeri Tulkens, E: [email protected], M +32 498 44 63 61, www.intelliprove.com
Corneel Haine