uCare.AI Announces Series A

Singapore-based AI healthcare startup uCare.AI announced it has raised ~$6.1M in a Series A round from VC firm Walden International, Southeast Asia’s oldest insurance group Great Eastern, Singaporean investor and philanthropist Peter Lim, and law firm WongPartnership’s startup initiative WPGrowth Ventures; to name a few.

“In a world of rising healthcare costs, artificial intelligence (AI) has shown it can improve health outcomes and improve quality of lives. This is a huge market opportunity and UCARE.AI is well positioned to be a leader”- Executive Director of Walden International, Yong Soo Ping.

uCare.AI develops a predictive engine to prioritize healthcare resources and reduce preventable hospitalization. The startup hopes to deliver value to all stakeholders: patients, providers and payers. Individuals will be able obtain a personalized understanding of their lifetime risks and act accordingly (think: preventive actions). Doctors and hospitals will benefit by prioritizing their resources and insurers will be able to offer relevant coverage.

“We want to unlock the impossible for the causes we care about. Solving this challenge has become my personal ambition as we know there has to be a better way to receive healthcare. With the support of our early customers, our platform has already generated predictive risk scores and health insights on hundreds of thousands of people” – cofounder Neal Liu.