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xWave Technologies closes €1.3m seed funding round

/ 6th September 2022 /
John Kinsella

xWave Technologies, a healthtech start-up based at NovaUCD in Dublin, has raised €1.3m from a number of private investors, including €250,000 from Enterprise Ireland.

In 2021, xWave Technologies launched xRefer, a smart radiology referral platform. xRefer uses market-leading evidence to support clinicians in ordering the most appropriate radiology scan for their patients.

As a cloud-based platform, available on web, iOS and Android apps, xRefer enables clinicians to quickly create and send evidence-based digital radiology referrals from anywhere, to any hospital or imaging centre, whether public or private.

According to xWave, Irish hospitals that use xRefer have reduced the average time taken to create, send and have a referral reviewed by a radiologist by 99%. This has enabled scheduling of patient appointments to occur a week and a half earlier on average, according to the company.

xWave Technologies was established in 2020 by a group of radiologists who were looking to solve the problems that they face in their day-to-day work.

In Association with

The company has recently submitted an international patent application, in partnership with UCD, to use AI and machine learning to build out the next generation of diagnostic referral tools, with a greater focus on personalised and predictive medicine.

Work on this collaborative research project is underway with CeADAR, Ireland’s Centre for Applied AI based at UCD. The project has been funded through the Enterprise Ireland Innovation Partnership Programme

xWave technologies
funding
xWave Technologies and CeADAR Announced AI Innovation Partnership Business on 25 March 2022. Pictured (l-r) at NovaUCD are Ricardo Simon Carbajo, Head of Innovation and Development, CeADAR; Leo Clancy, CEO, Enterprise Ireland and Mitchell O’Gorman, CEO, xWave Technologies. Photograph Nick Bradshaw

CEO Mitchell O’Gorman stated: “The data that we have already seen from the use of xRefer in the Irish healthcare system indicates we can potentially eliminate radiology waiting lists in Ireland and abroad by removing unnecessary tests and ensuring that patients get the best test first.”

“We have partnerships in place with the European Society of Radiology and the Royal College of Radiologists in the UK. This funding will enable xWave to capitalise on commercial opportunities that we now have in the Irish, UK, and Northern European markets.”

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