The AI home healthcare provider will use funds to expand and has said that it is on course to save the NHS £125 million this winter.
AI home healthcare provider Cera has raised $150 million (£123.4 million) in venture funding. The London-based group has now raised $557.2 million in nine rounds of equity and debt funding since 2016, according to Crunchbase.
The round was led by funds affiliated with BDT & MSD Partners and Schroders Capital and funds will be used to grow Cera’s platform.
“Cera has achieved strong growth through a demonstrated ability to leverage technology to deliver exceptional care. We believe Cera is well positioned to further scale its business,” says Rob Platek, partner and global head of credit at BDT & MSD.
The platform is already being used by 150 local authorities and 29 NHS integrated care boards.
Moving service out of hospitals
Cera is Europe’s largest provider of digital-first home healthcare and aims to move more and more services out of hospitals and into people’s own homes.
The company uses AI algorithms to scan its home healthcare dataset and identifies patients at risk of hospitalisation. The company aims, for example, to be able to identify 83% of patient falls seven days in advance.
A 2022 study looking at the implementation of a digital care plan and hospitalisation tates for home care residents in the UK found that one reduced hospitalisations in over 65s by at least 52%, and up to 70%.
In interviews, Cera founder and chief executive Ben Maruthappu has said that the platform is set to save the NHS £125 million this winter.
