Eko

Eko

Develops AI-enhanced digital stethoscopes for cardiovascular detection

About

Eko Health creates advanced medical devices and software to improve cardiovascular disease detection. Their main product is a digital stethoscope that connects via Bluetooth and uses AI to help healthcare professionals identify heart conditions like atrial fibrillation and heart murmurs. Eko stands out by combining traditional stethoscope features with modern technology and a focus on automated diagnosis, utilizing a large dataset of heart sounds for accuracy. The company's goal is to enhance clinicians' confidence in diagnosing heart and lung diseases, leading to better patient outcomes.

Company Stage

Series D

Employees

51-200

Industries

AI & Machine Learning, Healthcare

Total Funding

$227.8M

Headquarters

N/A

Founded

2013


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Simplify's Take

What believers are saying

  • Eko Health's recent $41 million Series D funding will enable significant scaling of their AI-driven heart and lung disease detection technology.
  • The company's partnerships with prominent institutions like Imperial College London and Naples Community Health highlight its growing influence and adoption in the healthcare sector.
  • Eko's AI-powered stethoscopes have demonstrated superior diagnostic accuracy, potentially leading to earlier and more reliable heart disease detection.

What critics are saying

  • The healthcare technology market is highly competitive, requiring continuous innovation to maintain a leading position.
  • Reliance on AI algorithms necessitates rigorous validation and regulatory approval, which can be time-consuming and costly.

What makes Eko unique

  • Eko Health uniquely combines traditional stethoscope functionality with advanced AI-driven diagnostics, setting it apart from conventional medical devices.
  • Their extensive dataset of real-life heart sounds enhances the accuracy of their AI algorithms, providing a competitive edge in cardiovascular disease detection.
  • The dual revenue model of selling advanced stethoscopes and subscription-based AI software ensures a steady and diversified income stream.

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Growth & Insights
Headcount

6 month growth

-4%

1 year growth

-11%

2 year growth

-8%

Benefits

Paid-time off

Medical/Dental/Vision, Disability + Life Insurance

Volunteer time off

One Medical membership

Parental Leave

401(k) Matching

Work from home equipment stipend

Flexible schedules

Wellness programs (Wellness Wednesdays, Time off)

Wellness perks (Headspace, Ginger, Aaptiv, Physera)

Learning and Development stipend

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