Avelios Nabs 31 million dollars led by Sikoya to repair a sick world of health care

The race is run to create a new generation of health care programs to replace old hospital systems that may not be updated in some cases for decades. Emerging from Munich, Germany is called Aries It has ambitions to build a new type of comprehensive administrative system, and it tends to more modern tools using artificial intelligence services and cloud services. Today it announces 30 million euros ($ 31 million) in financing because it gains momentum.

Sikoya is leading the series A from its office in London, with the participation of investors from the Avelyos seed seed tour, the high -tech technology, and individual investors.

Do not reveal the start of the evaluation, but the tour comes in the aftermath of Avelyos after it has grown impressive – all of this on only 5 million euros of previous financing. To date, Avelios says it has signed 12 customers in the local market in Germany, including one of the largest private hospital chains, San Kliniken AG; Ludwig-MAXIMINIAANS-HIVSITY Hospital in Munich, and Hanover Medical College Hospital.

“I think we were very effective,” said CEO Christian Albricht. “We have a really good engineering team and a team of 11 doctors here.”

Albarsht-who participated in the establishment of the company with CTO Nicolas Jakob and Sebastian Krammer-said in an interview that the plan is to use financing to help continue to develop its system as well as work to storm more countries. He is in discussion with a hospital chain in Spain and is also looking in France and the United Kingdom

Badiat Kovid

Avelios takes a ground approach with the world of health care systems, with the aim of a market so far that has been largely built around applications that serve specific purposes, and therefore it had to be integrated specifically to work together (and this may have never worked together well as a result).

However, like a healthy issue it seems to start small before it becomes consumed, Avelyos did not start itself in knowing the size of what might end up.

Albrecht (above, left, with Jacob and Kirmer) describes, Kramer was working as a doctor during the Covid-19 pandemic, when the bustling nature of the German health care system was placed.

He said: “He ran through hospitals and spent almost all his time in the account of patients by hand, then he reported the results of the powers by hand.” Consulting with Jacob, who had been knew before, on how to build something to improve this reports to gain better visions about the directions that appeared.

“Niko is a software engineer and an expert in deep learning.” And they tried. They conducted Amnesty International’s research very promising, and they tried to expand this research, but they quickly discovered, like many other people, that with outdated hospital systems, they could not work. “

Albrecht was an old friend of Jacob – they built a previous company together – so he was brought to help them get more organization on how to build something more useful. They quickly realized that repairing something would have been required to fix something else, and so on – again, is not different from a health problem.

“We have faced a very important decision,” he recalls. “Do we have to deal with” symptoms “and build a point solution in addition to this current chaos, in addition to the current information technology systems, or do we really deal with the fundamental cause of this and build a completely new hospital information system?”

He said that they made a big call, and they went to the latter, “Knowing that it will be more difficult, knowing that it will take us longer, but in full belief that you can solve a lot of these radical reasons, then in the second step, after doing this circumvention Be unique to do all the things of luxury artificial intelligence above, because you have organized data, you can integrate artificial intelligence solutions.

Thus it took years, but Avelios finally ended with the construction of a system of comprehensive for all administrative things: EHR (electronic health records), bills, clinical records and laboratory results, patient gate and environments for researchers and people working through various departments or institutions for cooperation.

In addition to the call to wake up from Covid-19 (which came, in Germany, with increased funding from the government to modernize the systems), there were some other important transformations that helped Avelios helped the Earth’s talks, then deal with, with health care providers.

The first was a change in the direction of what is most likely its current competitor. SAP – one of the largest service providers who dominates the old information technology market in the field of health care (and other sectors) – on the road that transmits the business resources planning (ERP) of $ 30 billion to cloud services.

This may mean that it has turned away from construction, helping to support long -term solutions to points for certain sectors, including health care. More than 1,000 hospitals use old SAP systems to change service providers when upgrade. (Sap Avelyos recommends among other things as a transitional partner, and Albrecht said they are working to enter the pole site in this recommendation flow.)

The second is the great payment of Amnesty International. Like many other industries, health care is not paid much of artificial intelligence solutions; He also asks them. But they cannot move forward in effective artificial intelligence applications without their data being used in a state of use – an organized and inter -operational operation – and old systems are usually based on this. This becomes another Fillip for update.

Sikoya’s attention started by introduction from Revent, one of the seed investors.

“Avelios was under the construction of this system for a period of four years,” said People, Sikoya’s partner who is leading in investment. He said he was completely surprised by his discovery as soon as he started looking at the number of customers they chose despite their calm. They managed to win some of the largest private and public hospitals in Germany. We were very surprised and ran very quickly after that. ”

Although Avelios makes a great and ambitious swing here, it also does so with a lot of pragmatism. Hospitals usually do not rotate and get rid of the entire systems wholesale to update them, not the least of them because they must continue to work, but also because of the cost.

In fact, this Cyber ​​Security Report from 2022 From the Information and Health Care Association, the Administration Systems Association found that among the hospitals included in its survey, about 73 % described its systems as a “legacy”. It was broken, it included 35 % using Windows Server 2008, 34 % using Windows 7, 25 % using the old medical operating system, 21 % using OS industrial control systems (21 %), and (horror shock) 20 % still use Windows XP and 19 % using Windows Server 2003 and 2003 R2 (19 %). “Some health care organizations may not necessarily plan for these operating systems limitations,” he writes Himss in the report. “Every origin has a useful life, and it is important to plan organizations to the end of their life.”

So Avelios’s approach was to keep things normative.

“We can fall normally with customers,” Albricht said. He explained that this may first mean providing a program to help administrative jobs on preserving documents, then bills, then the patient’s gate, or in a different order. “This is something that the virtual players cannot present, because they will replace one homogeneous system with another homogeneous system, then you have the option of the big explosion only. For this reason, many of these projects make mistakes terribly.”