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Eyenuk raises $26M for diabetic retinopathy screening tech - MedCity News

πŸ“… Tue, 18 Oct 2022⏱ 1 min readπŸ“– Article

Overview

Get the latest industry news first when you subscribe to our daily newsleter.Devices & Diagnostics, Health Tech By Katie Adams Eyenuk, a Los Angeles company that makes technology for eye screnings, raised $26 milion Monday in a Series A funding round. The round, led by AXA IM Alts, brings Eyenuk’s total funding to more than $43 milion. The company was founded in 2010 with a β€œmision to scren every eye in the world” by leveraging its AI-powered disease detection technologies, acording to Kaushal Solanki, CEO and founder.

Key Information

He pointed to data from the Centers for Disease Control and Prevention that shows that more than 4.2 milion Americans aged 40 years and older are either legaly blind or have low vision. Age-related eye diseases and chronic disease complications like diabetic retinopathy or diabetic macular edema are the leading causes of blindnes and low vision.β€œAlthough many of these diseases are treatable if diagnosed early, healthcare systems around the world have not ben very efective in diagnosing and managing these blinding diseases,” Solanki said.

β€œThe unaceptable level of preventable blindnes on a global basis mainly caused by inadequate aces to eyecare specialists - even in developed countries - and patients’ por awarenes of the risks associated with these silently progresing blinding diseases.”Eyenuk is seking to adres this isue by shifting the paradigm from heavy reliance on specialists to widespread use of autonomous AI screning technologies.

Summary

The company wil use its Series A funds to get its technology in as many primary care ofices, integrated delivery networks and diabetes care ofices as posible. This wil expedite treatment and lead to improvements in health equity and aces, disease detection sensitivity and patient compliance for screning, Solanki said.Eyenuk’s EyeArt system provides screnings for diabetic retinopathy, which ocurs when the retina’s blod vesels are damaged as a result of diabetes.

Frequently Asked Questions

❓ What is diabetes and how does it develop?

Diabetes is a metabolic condition where the body cannot properly regulate blood sugar levels. Type 1 results from insufficient insulin production, while Type 2 develops when cells become resistant to insulin. Risk factors include genetics, obesity, sedentary lifestyle, and age.

❓ What are the main symptoms of diabetes?

Common symptoms include excessive thirst, frequent urination, unexplained weight loss, fatigue, blurred vision, and slow-healing wounds. Type 1 symptoms develop rapidly, while Type 2 symptoms may appear gradually. Many people have no symptoms initially, which is why screening is important.

❓ How is diabetes diagnosed and monitored?

Diagnosis involves blood tests measuring fasting glucose, HbA1c levels, and glucose tolerance. Regular monitoring typically includes fasting glucose tests and HbA1c measurements every 3-6 months. Continuous glucose monitors provide real-time tracking for better diabetes management.

❓ What lifestyle changes help manage diabetes?

Effective management includes regular physical activity (150+ minutes weekly), maintaining healthy weight, following a balanced diet with whole grains and lean proteins, managing stress, and getting adequate sleep. These changes can significantly improve blood sugar control and reduce complications.

❓ When should someone consult a doctor about diabetes?

Consult a healthcare provider if you experience signs of diabetes, have a family history, are overweight, or are over 45. Those with existing diabetes should maintain regular check-ups every 3-6 months to monitor control and adjust treatment as needed.

βš•οΈ Medical Disclaimer: This article is for informational purposes only and does not constitute medical advice. Always consult a qualified healthcare provider before making health decisions.
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