AI companies are dominating funding to the RPM space, attracting strategic interest from investors and health systems alike. We break down the opportunity across funding trends, patent activity, and more.
Remote patient monitoring (RPM) tech has taken off in recent years as a way for providers to better assess and manage patients’ health remotely.
And increasingly, RPM tech is getting a boost from AI. AI systems and machine learning (ML) algorithms are helping make RPM solutions — like at-home ECG monitoring and remote fall detection — more effective and efficient, thereby improving patient outcomes.
Just 2 years ago, during 2021’s venture funding boom, roughly a quarter of all RPM funding went to companies building AI solutions. This year, in a sign of AI’s growing presence in RPM, AI companies account for three-quarters of funding.
Below, we dig into how AI is transforming the RPM landscape, using CB Insights data like:
- Funding trends
- Top-funded companies
- Patent filings
- Strategic investor activity
Let’s dive in.
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AI now dominates RPM funding
RPM companies have raised $4B in equity funding since 2019. Although down from recent highs, the inflow of equity funding now primarily goes to companies building AI solutions.
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