Novoic

Novoic

AI-driven speech-based early Alzheimer's detection

Overview

Novoic uses artificial intelligence to analyze spoken language to detect early signs of Alzheimer’s disease. It offers a software-based 10-minute speech test that runs on any smart device and is used by medical institutions, with 50+ centers currently adopting the technology. The company aims to extend access to underserved communities where detection is scarce. Revenue comes from selling the software to healthcare providers. Its AI models are validated through Novoic’s own clinical trials and trained on diverse datasets to improve accuracy and fairness.

About Novoic

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

Industries

Data & Analytics

Enterprise Software

AI & Machine Learning

Healthcare

Company Size

1-10

Company Stage

Seed

Total Funding

$2.6M

Headquarters

London, United Kingdom

Founded

2019

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Simplify's Take

What believers are saying

  • Novoic’s website updated March 2026 highlights 50+ institutions already using its tools.
  • Its 2022-2025 publications claim prediction of MCI, preclinical AD, and amyloid PET positivity.
  • Underserved-community screening and remote testing fit primary-care workflows and digital health budgets.

What critics are saying

  • Novoic still lists only $2.68M raised, limiting clinical and commercial scale.
  • Speech-biomarker adoption depends on NHS, ADNI, and ADDF translation into reimbursed devices.
  • Deep-pocketed competitors can outspend Novoic on datasets, trials, and regulatory filings.

What makes Novoic unique

  • Novoic runs speech biomarkers for Alzheimer's detection across 50+ institutions.
  • Its AMYPRED studies validated biomarker-confirmed early-stage Alzheimer’s speech signals in UK and US.
  • Novoic offers API access for ASR, quality control, and biomarkers, easing integration.

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Funding

Total Funding

$2.6M

Below

Industry Average

Funded Over

1 Rounds

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.
Seed Funding Comparison
Below Average

Industry standards

$3.3M
$2M
Netflix
$2.3M
Instacart
$2.6M
Novoic
$3M
Robinhood

Company News

UK Tech News
Jul 31st, 2020
Novoic secures £2 million Seed Investment from Anthemis

Novoic Raises £2 Million Seed Investment for AI-based Speech Analysis to Detect Neurological Diseases Earlier Anthemis Exponential Ventures leads the round, with participation from APEX Ventures and Entrepreneur First LONDON, July 31, 2020 Novoic, a digital biotechnology company developing speech-based AI algorithms for diagnosis and monitoring of health conditions, today announced it has raised £2.0 million in Seed funding […]

PR Newswire
Jul 31st, 2020
Novoic Raises £2 Million Seed Investment for AI-based Speech Analysis to Detect Neurological Diseases Earlier

Novoic, a digital biotechnology company developing speech-based AI algorithms for diagnosis and monitoring of health conditions, today announced it has raised £2.0 million in Seed funding to scale up its AI research team and advance its clinical programmes, including in early-stage Alzheimer's and Parkinson's disease.

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