Tel Aviv-based digital health startup Alike Ltd. has raised $5 million in a seed round led by Pitango Venture Capital’s health tech fund. Currently still in stealth mode, Alike develops an AI-based system that helps patients monitor their own condition.
Alike was founded earlier this year by CEO Amnon Bar-Lev, the former president of Nasdaq-listed network and cloud security company Check Point Software Technologies Ltd., Varda Shalev, a medical doctor and founder and former CEO of the research and innovation center of Israeli health maintenance organization (HMO) Maccabi Healthcare Services, and artificial intelligence expert Ohad Zadok. Alike employs eight people and intends to use the funding to hire seven more.
“After two years at Tel Aviv University's Faculty of Medicine, during which I closely studied the intersection between information technology (IT) and medicine, I joined forces with two leaders with a real passion to make the world a better place and a shared vision to change healthcare by utilizing state of the art technologies, with the main focus being on the patient,” Bar-Lev said in a statement.
Alike’s technology empowers the patient by translating intricate data into personal, actionable insights, Guy Ezekiel, managing general partner of Pitango's healthcare fund, said in a statement. “We chose to invest in this company at a time when managing vast amounts of data is crucial,” he added.