Insider Brief
- Health tech company cogvis has secured a seven-figure investment, led by Raiffeisen-Landesbank Steiermark, to accelerate its international expansion and strengthen its leadership in AI-supported care solutions.
- The funding will support cogvis’ growth in existing European markets and entry into new ones, advancing its mission to enable dignified aging through innovative digital health technologies.
- Its flagship product, cogvisAI, already deployed in 200+ care facilities, uses 3D sensor tech to reduce falls by 70% and hospitalizations by 60%, all while maintaining patient privacy.
PRESS RELEASE — The renowned health tech company cogvis has successfully secured a seven-figure investment to further advance its international expansion plans. As a leading investor, Raiffeisen-Landesbank Steiermark supports cogvis’ plans to further expand its position as a European technology leader in the field of AI-supported care solutions.
This investment marks a significant milestone in the implementation of cogvis’ long-term growth strategy. The aim is to further expand the availability of the technology in existing markets and to open up new international markets. The company is already successfully represented in several European countries and is now planning further scaling.
“This investment is a decisive step for the future of care. It enables us to further scale cogvis internationally and expand our market leadership in the field of AI-supported care solutions,” says Dr. Rainer Planinc, CEO of cogvis. “With Raiffeisen-Landesbank Steiermark as a strong partner, we are driving forward our vision: innovative, technology-based care that enables people to age with dignity.”
This investment will further strengthen Austria as a location for innovation in the field of digital health solutions. “I am proud that we, as an Austrian company, have been able to take on an international pioneering role in the field of digital care solutions. This success is the result of our years of pioneering work and our ongoing commitment to developing innovative solutions that make a real difference in the world of care,” says Dr. Planinc. cogvis thus remains on the road to success and continues to set new standards for the future of care.
About cogvis
cogvis is a leading health tech company based in Vienna that specializes in the development of AI-supported care technologies. The multi-award-winning smart care solution cogvisAI is already used in over 200 care facilities and hospitals throughout Europe. 3D sensor technology is revolutionizing care processes and setting a new standard for quality, safety and freedom in care. As a modern monitoring solution, the system supports fall detection and prevention, as well as activity analysis and dementia care, among other things.
The system provides a data-based basis for decision-making for nursing professionals and enables them to take early action. Real-world application shows that the use of cogvisAI can reduce falls by 70% and reduce hospitalizations after a fall by more than 60%. Thus, cogvisAI makes a significant contribution to relieving the burden on the healthcare system and improving the quality of care — completely without the use of privacy-inhibiting cameras or microphones.
