Pritzker Group Venture Capital Invests in AiCure

Pritzker Group Venture Capital Invests in AiCure

January 12, 2016

Pritzker Group Venture Capital Invests in AiCure

January 12, 2016

Expanding Artificial Intelligence into Healthcare; AiCure 
 
Pritzker Group Venture Capital has participated in a $12.3M Series A financing forAiCure, an artificial intelligence company connecting the world’s patients to better treatments and improved health via advanced medication adherence solutions.
  
Based in New York, NY, AiCure has a unique ability to apply machine learning, computer vision, and big data to health care. Their patented mobile software-as-a-service (SaaS) platform uses artificial intelligence to visually confirm medication ingestion. Accurately measuring medication adherence is fundamental to both clinical trials and clinical care. Hundreds of billions of dollars are lost in failed trials for pharmaceutical companies, and expensive hospitalizations, because patients do not take their medications as prescribed.

“AiCure is unique in its value creation capabilities, both financially and for society. Medical adherence is a major issue for clinical trials, pharmaceutical top lines, our medical system, and most importantly, the patient” said Gabe Greenbaum, Vice President at Pritzker Group Venture Capital. “By 2020 there will be over 6 Billion smartphones in the world, and by combining these devices with state-of-the-art artificial intelligence and data insights, we believe that AiCure is poised to help bring about better drugs to market, and better health outcomes, for patients.”

AiCure is the latest of Pritzker Group Venture Capital’s investments in Healthcare and Artificial Intelligence. Other Pritzker Group Venture Capital investments in Healthcare IT include Apervita, Analyte Health, Alliance Health, SwipeSense, and Opternative. Other Pritzker Group Venture Capital investments in Artificial Intelligence include x.ai and Viv.

About Pritzker Group
Pritzker Group Venture Capital helps entrepreneurs build market-leading technology companies at every stage of their growth. Since its founding in 1996, the firm has worked side-by-side with entrepreneurs at more than 100 companies, building partnerships based on trust and integrity. The firm’s proprietary capital structure allows for tremendous flexibility, and its experienced team of investment professionals and entrepreneurs offers companies a vast network of strategic relationships and guidance. Successful exits in recent years include Fleetmatics (NYSE: FLTX), SinglePlatform (acquired by Constant Contact), Zinch (acquired by Chegg), Playdom (acquired by Disney), LeftHand Networks (acquired by Hewlett-Packard (NYSE: HPQ)), and TicketsNow (acquired by Ticketmaster (NASDAQ: TKTM)). For more information, visit 
pritzkergroup.com.