Navenio’s solution will combine four advanced technologies to create a highly-scalable indoor location, using only a smartphone’s sensors
Navenio, a spin-out of Oxford University, has secured £9m in Series A funding led by QBN Capital to support its Intelligent Workforce Solution, a location-based AI platform for hospitals.
In addition to QBN Capital, existing investors including Oxford Sciences Innovation (OSI), IP Group and the University of Oxford, along with G.K. Goh, Hostplus, Big Pi Ventures, Oxford Investment Consultants also participated in the funding round.
The infrastructure-free indoor location solution will combine four advanced technologies to create a highly-scalable indoor location, using only a smartphone’s sensors, said the company.
QBN Capital senior vice president Philea Chim said: “We’re delighted to lead this funding and be closely involved with Navenio’s mission to help frontline teams.
“Navenio’s technology has the potential to transform the way that organisations deal with tasks across the board for the better, which is especially important during the long-lasting disruption caused by Covid-19.”
Navenio will use the funding to commercialise its intelligent workforce solution
Navenio said that its AI-powered Intelligent Workforce Solution will enable hospitals to assign tasks for the healthcare teams based on their location.
The solution will help in prioritising workload in real-time on a ‘right person, right time, right place’ basis, using only smartphones, without needing additional investment on new infrastructure.
The company is commercialising its ‘Intelligent Workforce Solution’ in the wake of Covid-19 environment, to help hospitals tackle the pressure on healthcare systems.
The company is planning to use the funding to commercialise its intelligent workforce solution to IT vendors around the world, particularly in Healthcare IT.
Navenio provides benefits including faster cleaning of infectious areas in hospitals, offering visibility of vulnerable patient movement between departments, and connecting porters directly with staff to ensure that vital equipment is transported to where it’s needed as soon as possible.
Apart from the intelligent workforce solution, the company’s core indoor location technology can also be integrated into other apps and platforms.
Navenio CEO Tim Weil said: “Our technology is all about giving hospitals the oversight needed to allocate frontline teams the tasks they are best suited to carry out, in a safe and secure manner – this is critical both for right now, and for the huge patient flow challenge that will be faced as hospitals re-open for business as usual.
“We’re delighted to have closed this recent funding round during such a disruptive period; It will help us increase the scope of our offering here in the UK, as well as US and Asia where we have a number of evolving partnerships, and continue to drive new efficiencies for everyone, everywhere.”