EXCLUSIVELY FOR GANDUL FINANCIAR. Dragoş Stănescu, co-founder and CEO of AdMoER: The application can transmit in real time the vital signs of patients to doctors or medical units
Editor: Gilda Popa
The most recent 0-Day Capital investment, AdMoER (Advanced Monitoring Emergency Response), an application that aims to monitor the risk of COVID-19 infection among the population, has successfully completed technical tests. Dragos Stănescu, CEO of the investment vehicle 0-Day Capital and co-founder of the start-up established in the USA, explained, for GÂNDUL FINANCIAR, how the application works, application which entered, early March, in tests for refining the risk assessment predictive algorithm and Artificial Intelligence component.
AdMoER (Advanced Monitoring Emergency Response) plans to raise $ 9-10 million in funding this year to continue expanding into the US, the main market targeted by the project. The application, which will be tested in the US, seeks to indicate a risk of infection in relation to COVID-19 and, in extenso, any other possible epidemic or pandemic episodes, by the interpretation through a predictive risk assessment algorithm of objective and subjective vital signs and symptoms.
The concept, developed in the United States in collaboration with a team at Standford University.
“It’s a concept, a patent developed in the United States, where we also collaborated with a team from Standford University, because the application also includes a predictive risk assessment algorithm that requires medical and public health professionals input. In fact, my colleague, Mugur Stancu, co-founder of AdMoER, is an M.D. by profession and he is specialized in public health management. The application addresses the public and institutions on two levels: one that takes into account an epidemiological and pandemic context like the one we are going through now – which identifies people at risk of infection, and one that allows permanent monitoring of vital signs of patients, regardless of their medical condition: heart diseases, nutritional disorders and so on. The latter allows a permanent connection with doctors or hospitals where patients are under supervision.
Dragoș Stănescu also specified that the application does not provide diagnostics, does not make medicine but only calculates a certain risk of infection and indicates the need to consult a doctor.
Users can register completely anonymously in the application
The platform has three layers, explains Dragoș Stănescu: “one for individual users, one for private organizations – with high individuals density (such as hotels, event venues, office buildings, airports) and the third, for medical institutions or public health institutions. Each user can register completely anonymously – personal data is not required at registration – and set a password, after which he receives an alphanumeric code”, adds the co-founder of AdMoER.
After entering the platform, the application works in the background of the mobile device, if the user has a fitness bracelet or a smartwatch, vital signs data is continuously collected by such devices.
“The application recognizes, for example, changes in voice patterns, cough, breath, pulse, blood pressure, temperature, oxygen saturation and so on. The data entering the risk assessment predictive algorithm is compared with the pre-existing databases and alterations are identified and their severity is compared to the reference ones, after which the user receives recommendations whether to consult a doctor and so on, depending on the severity of symptoms. “, Explains Dragoș Stănescu.
The solution starts from the idea of the emergence of a platform, an application that would give an assessment of the risk of infection with a virus, in this case Covid-19, but also other viral epidemics or pandemics in combination with what doctors define as comorbidities, ie pre-existing diseases.
The project was financially supported by 0-Day Capital, which is a kind of venture capital, but in the form of investment club, there are 12 investors from Romania who have put their money together to finance this kind of projects that can scale to global level. It was partially funded by the founders and mostly by 0-Day Capital.
Representatives of the start-up announced in early March the start of live testing for the application in the presence of Savannah Mayor Van Johnson and Savannah Director of Healthy Cities and Program Director, CDC Racial and Ethnic Approach, Paula Kreissler.
As a result of its social responsibility policy and the promotion of equity and inclusion policies, AdMoER has announced the free provision of application services to all countries struggling with extreme poverty in Africa, Latin America and Asia and the opening of collaborations with international institutions, especially those in the UN structure. At the same time, the services of the application will be free for social clinics and their patients from underserved communities in the USA.
Article translated from here.