Algocare, founded in 2019, develops an AI-based healthcare platform focused on personalized nutrition management. Its core product for companies, 'Algocare at Work,' analyzes users' health data and uses an IoT device called the 'Nutrition Engine' to dispense precisely mixed daily supplements in a 4mm micro formulation. Users also receive continuous, data-driven guidance through the Algocare mobile application. The company has won CES ‘Innovation Awards’ four years running for its technology. As of March 2024, cumulative supplement intake exceeded 480,000 times, enterprise customer retention is over 88%, quarterly corporate-customer growth is 49%, and it serves about 40 corporate clients. Algocare is expanding B2B market share, running pilot deployments with companies such as Hyundai Motor, Walkerhill Hotel & Resort, and EcoPro BM, and is preparing a consumer/home solution and broader market expansion.

Total raised

$11M

Funding rounds

1

Latest round

Series A

Latest activity

Mar 2024