The system can be accessed by lab staff through an iPad app, Mac app, or web app — offering a variety of touch-points to suit the different types of users.
The business was founded in early 2024 and launched with its first lab in October having spent some time in stealth working on their idea in 2023, per Schröder, who has a background in applying AI for autonomous driving projects at Bosch, Luminar and Mercedes.
Another co-founder, Dr. Sebastian Casu — the startup’s CMO — brings a clinical background, having spent more than a decade working in intensive care, anaesthesiology, and across emergency departments, as well as previously being a medical director for a large hospital chain.
So far, Elea has inked a partnership with a major German hospital group (it’s not disclosing which one as yet) that it says processes some 70,000 cases annually. So the system has hundreds of users so far.
More customers are slated to launch “soon” — and Schröder also says it’s looking at international expansion, with a particular eye on entering the U.S. market.
Seed backing
The startup is disclosing for the first time a €4 million seed it raised last year — led by Fly Ventures and Giant Ventures — that’s been used to build out its engineering team and get the product into the hands of the first labs.
This figure is a pretty small sum vs. the aforementioned billions in funding that are now flying around the space annually. But Schröder argues AI startups don’t need armies of engineers and hundreds of millions to succeed — it’s more a case of applying the resources you have smartly, he suggests. And in this healthcare context, that means taking a department-focused approach and maturing the target use-case before moving on to the next application area.
Still, at the same time, he confirms the team will be looking to raise a (larger) Series A round — likely this summer — saying Elea will be shifting gear into actively marketing to get more labs buying in, rather than relying on the word-of-mouth approach they started with.
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