As cancer cases surge toward 35 million by 2050, Finland’s Gosta Labs raises €7.5 million to ease oncology workloads
Finland's Gosta Labs, a HealthTech company, has secured €7.5 million in Seed funding to advance its AI operating system designed for oncology. This significant investment highlights the growing interest in AI solutions for complex medical fields, especially with cancer cases projected to reach 35 million by 2050. The funding round, led by Voima Ventures, demonstrates the potential of AI to alleviate the workload on medical professionals. The €7.5 million Seed round follows a €1.7 million pre-Seed round in 2024, bringing Gosta Labs' total funding to nearly €10 million. The company's technology focuses on reducing administrative burdens for oncologists by automating documentation and streamlining data management. Gosta Labs' technology is already showing promising results. Studies have shown the technology reduces documentation time by over two-thirds per patient visit. This investment in Gosta Labs underscores a broader trend of AI adoption in European HealthTech. Other startups in the field have also recently secured significant funding, including CGC Genomics (€1.7 million), Perci Health (€4 million), Sycai Medical (€3 million), and BIMINI Biotech (€3 million). These investments highlight the potential of AI to improve cancer care and offer more efficient, personalized treatment options. Gosta Labs is currently partnering with healthcare providers in Finland, Switzerland, the Baltics, and Australia, and aims to expand its reach globally. The company's focus on structured data and real-time analysis aims to empower oncologists, allowing them to focus more on patient care. This development also highlights the potential for European leadership in the application of AI in healthcare.
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