As a young company within an industry with high growth potential, which is in constant development, Lytics is in a prime position to change and form the future of healthcare. With this being said the constant development also leads to many challenges along the way. Due to this it becomes vital to interact and build contacts with other companies and entrepreneurs within the same position as Lytics, in order to learn from each other to overcome the obstacles.
The fact Lytics currently is headquartered within Sweden is something we consider a distinct advantage. Sweden is amongst the leading countries in regards to driving change within the healthcare sector, with many new startups and organizations developing and the government pushing for change. Being located in Malmö gives us yet another advantage as we have close proximity to Lund which is home for one of Sweden's largest Universities. This gives us the ability to tap into new undiscovered talents and allows for us to interact with leading academics.
This past week Lytics had a meeting with representatives from the Korean Development Institute to consult them on matters regarding the development of Artificial Intelligence within Healthcare. Lytics sees this as the start of a longer cooperation regarding the issues and are happy to provide any assistance we can to further the development. Korea is an interesting market for Lytics and we are pleased to further our relationship with the Korean government and Korean companies within the healthcare sector.
On Monday the 16th of October Lytics CEO Mattias Paulsson will be attending Foo Café in Malmö from 17:30 to 19:30. Lytics has had a major breakthrough in implementing our technology and delivering results through collaboration with American clinics over the past year. Through an interview based format Mattias will explain and answer questions regarding how we integrate our technology into the current healthcare systems. He will also discuss how our results will contribute to revolutionizing the healthcare system through significantly lowering costs.
Lytics will sponsor a seminar at Foo Café on Thursday the 28th of September, between 18:00-20:30. The Barrel AI Monkeys presents the speaker Dr. Michael Green who will hold a seminar on Bayesian predictive inference machines using Probabilistic programming. During the interval pizza and beer will be served. Please register at Foo Café for seminar tickets (no cost) by following the link below.
Lytics was featured in an article in a series of articles about the top 25 artificial intelligence solution providers 2017. The article named “Bringing Healthcare at your Finger Tips” talks about Lytics’ developed solution LYTICS VÖR®.
Principal investigator and consultant Niklas Nielsen, noted for his pioneering work in clinical trials regarding the effects of cooling published in New England Journal of Medicine, has signed an agreement with Lytics for yet another large international multicenter clinical trial. The trial, TTM2, has due to the immense success of the previous trial received much attention.
Lytics was featured in an article about AI-companies within healthcare in Swedish national technology magazine NyTeknik. The article features Lytics as one of two examples of AI-companies within healthcare and the business risks involved in the industry.
Lytics completes a 4.8 MSEK round of financing backed by private equity. The all-equity financing round included new investors. Also participating in the round were existing Lytics investors Swedish Growth Fund, which has been an investor in Lytics since the spring of 2015.