What we’re investing in: Current investment opportunities on OurCrowd (May 2014)
Welcome to another edition of “What We’re Investing In.” OurCrowd provides curated, exciting investment opportunities to a global network of angel investors looking to get involved in startup companies. To date, OurCrowd and our investors have invested over $43 million in 36 portfolio companies. Here is an inside look at we are investing in right now. MedAware: Eliminating Prescription Errors Medaware is an algorithmic-based software that addresses a global multi million-dollar problem. Drug prescription errors are unfortunately a common occurrence that currently costs the average hospital around $5.6 million annually. In addition to the monetary damage are the obvious life threatening implications of these errors. An estimated 1.5 million Americans are affected each year by prescription errors, resulting in thousands of preventable fatalities. Medaware leverages big data, machine learning and millions of electronic medical records, to address this problem and prevent these costly mistakes. Credit card companies have used similar methods to effectively detect and prevent fraud. Medaware’s CEO Gidi Stein, is joined by a world-class management team with expertise in algorithmic development, bio-informatics and machine learning. Zula: Business...
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