Toronto-based Swift Medical has secured $11.6 million in funding led by Data Collective in Palo Alto, Californa.
The funding round included participation by Montreal-based Real Ventures, Toronto-based Relay Ventures, DHVC in Palo Alto, and BDC in Montreal.
Swift’s wound care management platform delivers wound care visualization and touchless 3D measurement through its Swift Skin and Wound software. The platform streamlines clinical and administrative wound care management workflows, from image capture and automatic risk scoring to assessment scheduling and claims submission.
“This growth funding enables us to expand our reach and bring Swift’s solution to every bedside in every hospital and care facility,” said Carlo Perez, co-founder and CEO of Swift Medical. “There are more patients worldwide suffering from chronic wounds than from lung cancer, breast cancer, colon cancer and leukemia combined,” Perez added. “By augmenting the abilities of clinicians and facility administrators to deliver the best possible wound care management, we’re helping them heal over 10,000 patients a month. And we’re just getting started.”
The solution has been adopted by 1,000 healthcare facilities managing more than 100,000 beds across North America. Through partnerships with PointClickCare, which provides electronic health record platforms in the long-term care industry, and Healogics, the largest provider of advanced wound care services in the US, Swift wants to position itself as the global market leader and enterprise solutions partner of choice in digital wound care management.
“Swift’s product execution is a wonderful example of Data Collective’s Computational Care philosophy of pushing compute intelligence closer to the patient, but in a way that is empathetic to the patient and the caregivers and systems that surround them,” said Scott Barclay, partner at Data Collective. “We invested because of Swift’s near science-fiction quality machine vision, Carlo’s leadership, and because Swift enables wound care quality that all of us should demand for a loved one.”