Rology, the Egyptian medical technology platform, has secured an undisclosed investment from the Philips Foundation Impact Investments, marking a significant stride towards its ambitious vision. The company’s aim is to provide high-quality healthcare to a staggering 100 million individuals annually within marginalized communities by the year 2030.
With this infusion of capital, Rology is poised to expand healthcare services across the Middle East and Africa, bolstering its mission to catalyze a technological revolution within the healthcare sector. The focal point of this endeavor lies in harnessing cutting-edge technologies to drive innovation and efficiency.
Margot Cogmans, Director of the Philips Foundation, emphasized the profound significance of this investment. She stated, “Our endorsement of Rology and its AI-driven teleradiology solution aligns seamlessly with our belief that quality healthcare should not remain a privilege, but rather a fundamental right accessible even within resource-constrained environments.”
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Expressing his gratitude for the successful conclusion of this investment round, Rology CEO Amr Abou Derea shared his sentiments, “We extend our heartfelt appreciation to Philips Foundation Impact Investments for embarking on this transformative journey with us. We eagerly anticipate the distinctive opportunities that lie ahead.”
Established in 2017 by Amr Abou Derea, Bassam Khalaf, Mahmoud El Dafrawy, and Moaz Hossam, Rology specializes in on-demand remote radiology diagnostic services. This innovative platform leverages AI technology to connect radiology consultants with hospitals and private centers, addressing the dearth of resources in this sector and the consequent delays in obtaining radiology-approved diagnostic reports.
Rology’s platform, offering teleradiology solutions on-demand, efficiently bridges the gap between healthcare providers and radiologists. It has been designed to swiftly match the appropriate radiologist to each case based on their specialized expertise. The platform boasts an impressive turnaround time, delivering reports for non-urgent cases within 12 hours and urgent cases in a mere 90 minutes.
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For healthcare facilities, Rology’s platform offers a practical solution to the pressing shortage of radiologists in the market. This scarcity has led to extended reporting times and compromised quality in the Middle East and African regions. Rology’s intervention addresses both these concerns by offering a flexible, pay-as-you-use service, thereby alleviating financial strains on hospitals.
The platform also offers skilled radiologists the opportunity to work from virtually anywhere in the world, requiring only an internet connection and a laptop.
Currently collaborating with nearly 90 hospitals across five countries, Rology is set to deploy the newly acquired funds to propel its growth in Saudi Arabia and Kenya. The infusion of investment capital will fuel Rology’s mission to democratize healthcare access through its innovative teleradiology solutions, marking a significant advancement in bridging healthcare disparities in underserved regions.
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert.
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard