Eko

Eko

Develops AI-enhanced digital stethoscopes for cardiovascular detection

About Eko

Simplify's Rating
Why Eko is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

AI & Machine Learning

Biotechnology

Healthcare

Company Size

51-200

Company Stage

Series D

Total Funding

$227.8M

Headquarters

Oakland, California

Founded

2013

Overview

Eko Health specializes in advanced medical devices and software that enhance the detection of cardiovascular diseases. The company offers electronic digital stethoscopes that integrate with software and artificial intelligence (AI) to help healthcare professionals identify heart conditions more accurately. These stethoscopes feature Bluetooth connectivity, noise cancellation, and amplification, allowing clinicians to listen wirelessly and clearly. The AI software automatically checks for signs of heart disease, such as atrial fibrillation and heart murmurs, providing reliable results without interrupting the examination process. Eko Health differentiates itself by combining traditional stethoscope functionality with modern digital enhancements and leveraging a large dataset of real-life heart sounds to train its AI for accurate detection. The company's goal is to improve early detection and timely intervention in heart and lung diseases, ultimately leading to better patient outcomes.

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Funded Recently
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Simplify's Take

What believers are saying

  • Eko's partnership with LSU Athletics expands their technology's application in sports medicine.
  • The issuance of a CPT code for SENSORA™ supports future reimbursement and wider adoption.
  • Raising $41 million in Series D financing boosts Eko's capacity for scaling operations.

What critics are saying

  • Competition from companies like Astellas Pharma could impact Eko's market share.
  • The new CPT code may delay reimbursement, affecting short-term revenue streams.
  • Rapid tech advancements require costly updates to maintain Eko's competitive edge.

What makes Eko unique

  • Eko Health integrates AI with digital stethoscopes for enhanced cardiac and pulmonary diagnostics.
  • Their platform offers seamless telemedicine integration, supporting remote and virtual healthcare consultations.
  • Eko's AI algorithms are trained on the largest dataset of real-life heart sounds.

Help us improve and share your feedback! Did you find this helpful?

Funding

Total Funding

$227.8M

Above

Industry Average

Funded Over

7 Rounds

Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.
Series D Funding Comparison
Below Average

Industry standards

$77M
$41M
Eko
$50M
Hello Fresh
$70M
Twilio
$80M
Handshake
$100M
Affirm

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

Growth & Insights and Company News

Headcount

6 month growth

↑ 0%

1 year growth

↑ 1%

2 year growth

↑ 2%
Hit Consultant
Jan 17th, 2025
Recent Digital Health Executive Hires And Promotions: Medidata Expands Team, Carerev, Philips, Eko Health, Others

AVIZVA, a health-tech organization that offers a variety of solutions for healthcare enterprises, that it has appoints James Vertino as its new CEO.Model N appoints Bret Connor as Chief Executive Officer. The Board of Directors of Blue Shield of California appoints Lois Quam as chief executive officer to lead Blue Shield of California, the first woman to serve as CEO in the health plan’s 86-year history. She joined the company as president in 2024.   Yaqrit, a late-stage biotech and medtech company developing lifesaving treatments for advanced liver diseases appoints Troels Jordansen has joined Yaqrit as Chief Executive Officer.OP Solutions names Michael Kallish as Chief Executive Officer, effective immediately.Access TeleCare appoints Dr. Michael Genovese to Chief Medical Officer for Behavioral Health.Enveda appoints Jason Kim as Chief Financial Officer (CFO).Eko Health appoints of Justin Spencer as Chief Financial Officer (CFO). (Pull from site)Qure.ai appoints Jim Mercadante as its new Chief Commercial Officer. (Pull from site)Symplr, appoints Dr

MassDevice
Jan 9th, 2025
Eko Health names new CFO

Eko Health, maker of AI-powered disease detection devices, announced today that it appointed Justin Spencer as its new CFO.

Hit Consultant
Jan 9th, 2025
Eko Health Appoints Justin Spencer As Chief Financial Officer

Eko Health Appoints Justin Spencer as Chief Financial Officer. by Healthcare Executive Hires 01/09/2025 Leave a Comment. Justin Spencer, Chief Financial Officer at Eko HealthWhat You Should Know: – Eko Health, a pioneer in AI-powered heart and lung disease detection, announced today the appointment of Justin Spencer as Chief Financial Officer (CFO). – Spencer brings a wealth of experience in scaling technology companies and driving financial success, making him a valuable addition to Eko’s executive leadership team.Spencer Bio/BackgroundSpencer’s impressive track record includes serving as CFO at Vocera Communications, Symmetricom, and Covad Communications. At Vocera, he played a key role in driving growth and operational scale, which ultimately led to a $3 billion acquisition by Stryker. Spencer has held positions in corporate strategy, development, and product management, providing him with a broad operational and strategic perspective that complements his financial expertise. He also served on the Board of Directors of iPass Inc., including as Audit Committee Chair, until the company’s sale in 2019

PR Newswire
Nov 20th, 2024
Astellas Announces Desert Oasis Healthcare As First Health System To Implement Digitiva™ For Heart Failure Management

SAN FRANCISCO, Nov. 20, 2024 /PRNewswire/ -- Astellas Pharma U.S., Inc. (President: Mike Petroutsas, "Astellas") today announced that it has entered into an agreement with Desert Oasis Healthcare (DOHC), a member of Heritage Provider Network, to pilot DIGITIVA™, a non-invasive digital health solution for the management of heart failure patients. In the next few weeks, eligible patients receiving care with DOHC will begin using DIGITIVA as a new method for managing their heart health while working in partnership with their healthcare team

Hit Consultant
Nov 14th, 2024
Ama Issues Cpt Code For Eko Health’S Ai-Powered Cardiac Screening Tool

What You Should Know:– Eko Health, a pioneer in applying artificial intelligence for early detection of heart and lung diseases, today announced the issuance of a Category III Current Procedural Terminology (CPT) code by the American Medical Association (AMA) for its SENSORA™ platform.-The newly issued Category III CPT code will be effective on July 1, 2025, and is the first step to coverage and reimbursement for SENSORA™, bringing advanced heart disease detection to clinicians across the U.S.Eko Health: Advancing Early Cardiac Disease Detection with AI-Powered SolutionsEko Health is a leading digital health company revolutionizing the detection and monitoring of heart and lung diseases through its portfolio of digital stethoscopes, patient and provider software, and AI-driven analytics. The company’s FDA-cleared platform, used by over 500,000 healthcare professionals worldwide, enables earlier and more accurate detection, confident diagnosis, effective treatment management, and ultimately better patient care.SENSORA: AI-Enhanced Early Disease DetectionSENSORA™ is an advanced platform that empowers clinicians to detect heart disease earlier, featuring FDA-cleared AI algorithms capable of identifying signs of structural heart murmurs, low ejection fraction (Low EF), and arrhythmias such as AFib in front-line care settings. Key features include:– Seamless integration with the Eko CORE 500™ digital stethoscope, which incorporates advanced ECG technology familiar to every provider.– The ability to detect cardiac conditions that are often missed by standard care, supporting early intervention and proactive management.The Critical Role of Early Detection in Heart Disease ManagementHeart disease remains the leading cause of death in the United States, responsible for approximately 1 in 5 deaths according to the CDC. Early detection is vital for improving patient outcomes. By equipping primary care providers with the tools to identify cardiac issues at an early stage, SENSORA™ enhances proactive care, reducing the burden of managing advanced heart disease.Clinical Validation and ImpactEko’s AI algorithms have been validated in both clinical and real-world studies:– A clinical trial published in Circulation demonstrated that Eko’s AI for structural heart murmur detection doubled the sensitivity for identifying structural heart disease when compared to traditional analog stethoscopes.– In a study published in Lancet Digital Health, involving over 1,000 patients, Eko’s low ejection fraction AI accurately detected reduced ejection fraction in primary care settings, leading to its deployment in over 100 clinics in the UK by the NHS and Imperial College London.Expanding Role in Cardiac CareSENSORA’s growing significance is further demonstrated by its receipt of the Category III CPT code, which supports its expanding use across various clinical environments. This designation reflects Eko’s dedication to equipping primary care clinicians with AI tools that elevate patient care standards and bridge the gap in preventive care.“The AMA’s creation of Category III CPT code for Eko’s AI disease detection algorithms is a major step in increasing access to early heart disease detection,” said Connor Landgraf, CEO of Eko Health

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