Siilo, a secure mobile healthcare company for medical professionals, has received €9.5m in venture capital financing.
The company, which was founded in 2016, enables healthcare professionals to collaborate and share knowledge about patient care through its Messenger app, and has seen a recent surge in usage during the COVID-19 crisis, with more than 250,000 healthcare professionals utilising it.
Individuals and teams can use the free app to coordinate patient care exchange messages, documents, images, and videos, while healthcare professionals to exchange secure voice calls and video calls.
Siilo also provides a subscription service where organisations can have a closed member directory and broadcast messages to staff..
Siilo, which received seed funding in 2018, with €4.5m led by EQT Ventures, is now to receive €9.5m in Series A funding led by Heal Capital with Philips Health Technology Venture Fund and EQT Ventures.
The rise of mobile healthcare apps amid COVID-19
There has been a surge in the use of mobile healthcare apps during the COVID-19 crisis and according to a report by Market Data Forecast, the mobile healthcare market is predicted to hit USD $115.61bn by 2025 at a CAGR of 35%.
Many healthcare professionals have chosen to adopt digital health practices in order to maintain social distancing but security concerns are a major factor impeding on the growth of mobile healthcare.
In a paper published in Procedia Computer Science, King Saud University professor, Dr Farrukh Aslam Khan presented a secure cloud-based mobile healthcare framework using wireless body area networks (WBANs). By including multi-biometric based key generation schemes in WBANs and storing electronic medical records in a secure cloud, app developers could change the face of medical healthcare and alleviate cybersecurity concerns for medical professionals.