Sojitz Invests in U.S. Healthcare Startup Providing Virtual Healthcare Assistant Technology
Nov. 5, 2019
Sojitz Corporation (“Sojitz”) invest in Sense.ly Corporation (Head Office: U.S.; “Sensely”), a startup that uses artificial intelligence (AI) to provide virtual healthcare assistant technology, via its corporate venture capital fund (“CVC” *1) established in the U.S. in January 2019.
*1：“Sojitz Establishes Corporate Venture Capital Fund.” Sojitz Corp. Press Release, 1 Jan. 2019.
Sensely has developed an app that uses AI to provide users with accurate medical information by utilizing the medical case content and diagnostic information collected and validated by Mayo Clinic (Head Office: U.S.), which is a U.S. hospital renowned for being one of the best hospitals in the world. Sensely’s app not only makes it possible for users to receive medical consultations remotely in their own home, but also contributes to lower medical expenses for health maintenance organizations (HMOs) *2 and reduced insurance fees for private insurance companies. In emerging countries where chronic diseases are rising alongside aging populations and economic development, scalable healthcare technology can alleviate the pressures of this corresponding rise in medical costs as well as help to address the disproportionately low ratio of healthcare workers relative to the population.
*2：Health maintenance organization (HMO) is one of the health insurance systems.
[Using the App]
Sojitz aims to utilize its global network to implement Sensely’s technology in hospitals, clinics, and health insurance companies around the world. In 2017, Sojitz began work on a hospital PPP project*3 in the Republic of Turkey, where it plans to utilize Sensely’s technology and contribute to Turkey’s Universal Health Insurance system. Sojitz is also considering using Sensely’s technology for its own healthcare management system and to improve employee health at Sojitz Corporation.
*3：“Sojitz Joins Hospital Project in the Republic of Turkey.” Sojitz Corp. Press Release, 21 Jul. 2017.
Sojitz strives to develop healthcare services that support the health, happiness, and prosperity of people around the world. Going forward, Sojitz will continue to pursue partnerships with start-ups offering promising technologies and services to create new businesses with a global reach.
Company Overview – Sense.ly Corp
|Located||229 Kearny Street, San Francisco, CA 94108, United States|
|Representative Director||Adam Odessky|
|Main Business||System development for the healthcare sector|