Archeon, a specialist in CPR artificial intelligence, has completed a EUR5.5 million Series A financing round, led by three investment funds, Karot Capital, Majycc eSanté Invest and Daphni.
The road was also supported by the European Regional Development Fund (ERDF – European Social Fund for Franche-Comté and Massif du Jura), and by Bpifrance.
The funding will speed up Archeon’s access to new markets including North America and allow it to expand its range of medical ventilation devices to new pre-hospital and hospital uses. In addition to the EOlife unit, the PulmonAIR device currently developed is destined to be the first fully automated emergency ventilator for managing respiratory distress. What’s more, these funds will help Archeon expand its current team of 17 people by creating R&D and marketing jobs.