Rology, an Egypt-based teleradiology platform, has closed a Pre Series A round. Sequence Ventures and Egypt Ventures participated. Waseel, Tawaref and Viktoria Ventures also participated. Previous investors included HIM Angels and AAIC, DAI, Cubit Ventures, as well as Cubit Ventures.
This platform was established in 2017 to alleviate the lack of radiologists in hospitals and high latency in medical reporting. It provides reports for cold cases within twelve hours and emergency cases within 60 minutes. Rology is equipped to provide unique solutions for hospitals across a wide range of subspecialties such as breast imaging, Cardiovascular Radiology (CRT), Chest Radiology. Gastrointestinal Radiology (GI) Radiology. Musculoskeletal Radiology.
Speaking about the company’s endeavours Amr AboDraiaa, the co-founder and CEO Rology, stated, “After the pandemic era, and the rapid increase in the radiology demand globally and in the MEA region, we have the responsibility to improve the Teleradiology as a real solution for the diagnostic challenges to save lives. Rology’s role was made more crucial to ensure patients receive a prompt diagnosis. So, we are developing our platform to serve a large number of hospitals and radiology centres either in cities or rural areas with zero setup hassle, in addition, boost radiologists’ productivity through our AI radiology tools.”
Rafeh Saleh, Founding Partner of Cubit Ventures, added, “With a brilliant team behind the helm, a much-needed solution, solid unit economics, massive adoption opportunity, and huge impact, we are very excited to have participated and are very excited to support Rology’s quest towards saving lives across the Middle East and Africa”
Ahmed Gomaa, Chairman and CEO of Egypt Ventures, said, “Telemedicine is an exciting new sector being adopted globally that has seen accelerated growth since the beginning of the COVID-19 pandemic. Rology has a young, passionate team that we believe is well placed to lead the MENA teleradiology sector of telemedicine.
These funds will be used to support Rology’s geographic expansion in the MEA.