Romanian startup Parol locks €1.2 million investment (€1 million coming from GapMinder Fund II).
📍 HQ: Bucharest, Romania
🏭 Industry: AI/Health tech
📣 Solution: Automating medical documentation through Artificial Intelligence.
👯 Founder(s): Claudiu Pândaru, Alex Livadaru, Alex Tepeș, Valentin Ichim
🗨️ “Parol stands at the intersection of innovation and the pressing need for efficiency in healthcare. Our AI solution streamlines healthcare professionals’ workflows by generating real-time medical records from conversations between doctors and patients. This technology empowers doctors to focus on what truly matters: patient care,” said Claudiu Pândaru, co-founder and CEO of Parol.
📅 Founding year: 2022
💰 Investment amount (current round): €1.2 million
🌱 Stage: Seed
🚀 Funded by: GapMinder Fund II
🗨️ “In the context of the accelerating evolution among startups using generative Artificial Intelligence, Parol is an excellent example of a company using AI to address real needs in the healthcare market. This unique combination of advanced technology and deep healthcare knowledge positions Parol as a leader in the rapidly evolving healthcare technology landscape. Parol not only reduces the time doctors spend documenting, but it does so in an efficient and accurate way that convinced us to invest,” stated Robert Herscovici, Investment Director at GapMinder Ventures.
💡 It will be spent on further development of the AI models to improve accuracy and efficiency in medical transcription and documentation.
💪 Their specialty: Parol provides an AI-powered platform that transforms the way healthcare documentation is managed. As such, the solution automates the generation of medical records by transcribing real-time conversations between doctor and patient.
🔑 Business model: Subscription-based model
👥 Customer profile: Healthcare Providers, medical Professionals
