Heuristik Opens its Capital to Make the Leap to Europe and the U.S.

Heuristik is expanding with its sights set on Europe. The Spanish company has opened a financing round of half a million euros that aims to expand its business in the European Union (EU) area, according to Antxon Caballero, CEO of the company.

Heuristik has developed proprietary software that combines fingerprint recognition with Artificial Intelligence (AI). This software solution is designed to manage patient portfolio data, but also foresees the possibility of managing information related to healthcare workers.

The company’s main objective is to speed up the identification of patients in medical emergencies, post-operative situations, and health centers, getting involved in any situation where users are unconscious, without documentation or with any communication problems.

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Heuristik has confirmed the support of two business angels of Spanish origin, whose names have not been disclosed

Heuristik has already committed the support of two business angels of Spanish origin, whose names have not been disclosed. In addition, the company is currently negotiating with other funds of Spanish, Portuguese, and U.S. origin. Even so, the company’s intention is for the lead investor in the round to be from the United States, but it values “positively” the presence of Spanish capital due to its extensive experience in the healthcare sector.

Although the main objective for 2022 is to enter various European hospitals, the company intends to land in the United States in mid-2023. Precisely, the current conversations with investors located in Boston and New York are due to the company’s willingness to cross the pond in the coming months. In addition, the company claims to be working on new solutions that connect users’ healthcare information, linking patient data with the aim of improving efficiency in healthcare centers, hospitals or companies dedicated to healthcare.

The company has fifteen employees spread throughout Spain, located in Barcelona, Madrid, Valladolid, and the Basque Country

Currently, Heuristik, based in Bilbao, has fifteen employees spread throughout Spain, located in Barcelona, Madrid, Valladolid and the Basque Country. For the coming year, the company’s intention is to exceed twenty employees, once the investment round has been closed.

To take the step and reach European operators in 2022, the company also plans to receive a Horizon Europe grant, the European Union (EU) Research and Innovation (R&I) framework program for 2021-2027. The initiative is intended to support European projects from the conceptual phase to market introduction.

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(Featured image by 401(K)2012 CC BY-SA 2.0 via Flickr)

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First published in PlantaDoce, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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