Egypt-based health technology (healthtech) startup Rology, has raised $860,000 pre-Series A investment in a round led by Egypt-based HIMangel with participation from Dubai Angel Investors (DAI), Japan-based the Asia Africa Investment & Consulting (AAIC) and Saudi Arabia’s Athaal group.
Co-founded in 2017 by Amr Abodraiaa, Bassam Khalaf, Mahmoud Eldefrawy and Moaaz Hossam, Rology looks to address the global shortage of radiologists. It uses technologies like artificial intelligence (AI) and cloud computing to facilitate the matching process between radiologists working at hospitals with patients in a timely and efficient manner.
Additionally, Rology’s board will be joined by former Cloudera co-founder and chief technology officer (CTO), and current VP of developer relations at Google Cloud, Amr Awadallah, AAIC director Shigeru Handa, and Khaled Sharbatly from Athaal group.
“At HIMangel we spotted Rology about two years ago as being one of the promising startups in healthtech. We liked very much that they are tackling the global shortage in radiologists using a mix of intelligence on top of a teleradiologists marketplace” Khaled Ismail, chairman of HIMAngel.
The company plans to use the newly raised funds to fuel its growth in Saudi Arabia and Kenya.
“For the last three years we saw first-hand how Rology’s services help hospitals offer fast and accurate care to their patients and how it can literally save patients' lives. We look forward to expanding Rology’s platform to the African and Middle Eastern market where there is a huge need for Rology’s services and ultimately help hospitals offer better care to their patients,” said Amr AboDraiaa, Rology’s CEO and co-founder.
Currently, Rology has 87 hospitals listed on its platform in five countries.