MX Labs Secures Funding Round

MX Labs Secures Funding Round

MX Labs, a Tallinn, Estonia-based healthtech AI startup, has secured a new round of investment.

The Czech fund Tilia Impact Ventures led the round, with participation from Superhero Capital and Simpact Ventures. The amount of financing has not been disclosed.

Tilia Impact Ventures is a Czech impact fund that supports purpose-driven founders and companies. The fund backs startups that combine scalable business models with significant social impact outcomes.

The fresh capital will be used to advance MX Labs’ Shen.AI technology and expand its market presence.

Founded by Remigiusz Kościelny and Przemysław Jaworski, MX Labs focuses on developing Shen.AI, an AI-powered system for monitoring vital health indicators like heart performance and blood pressure. The system enables early detection and monitoring of lifestyle-related disorders, such as hypertension. MX Labs utilizes advanced technology, including remote photoplethysmography (rPPG) and computer vision and primarily serves clients in the telemedicine sector across over 20 countries.

Funding Details

Company: MX Labs

Raised: Undisclosed

Round: Unknown

Funding Date: September 2024

Lead Investor: Tilia Impact Ventures

Additional Investors: Superhero Capital, Simpact Ventures

Company Website: https://shen.ai/

Software Category: Health Monitoring