This appeared a day or so ago…
Vet-tech Vedi vies for UK paw print after securing $3m investment
By David Simmons
13 January 2023
Australian veterinary tech company Vedi has secured $3 million from investors MSD Animal Health - a division of US-based Merck & Co - and Companion Fund as it looks to expand its medical record platform for pet health into the United Kingdom.
Announced today, Perth-based Vedi hopes tails will be wagging internationally soon when it onboards UK customers to its universal medical record platform and smart data collection tools which it describes as being similar to My Health Record but for pets.
The technology enables veterinarians to access pet health records via the animal’s microchip, making the process effective and efficient.
Co-founded by veterinary radiologist Dr Steve Joslyn, Ross Wyness and Anton Tjea in 2017, Vedi is looking to make life easier for vets globaly - a mission supported by the new investors - two of the ‘most respected animal health funds in the world’ according to the scaleup.
“Vedi is radically improving the quality and accessibility of veterinary health data and creating a smarter, connected healthcare system,” Dr Joslyn said.
“Vets have been anticipating the move to modern, digitised veterinary care for so long. We’ve taken it upon ourselves to become the trusted medical record that connects different veterinary providers so animals can access the best quality care anytime, anywhere.”
In practice, Vedi is used by vets to capture error-free health data with simple tools - like taking a photo of a vaccine vial with a smartphone - which is then locked to the data on the pet’s microchip.
Veterinary professionals can then access, share and update that information over the animal’s lifetime using the Vedi platform.
Dr Joslyn said these tools were saving time for busy vets who can now register a microchip, record vaccinations and submit pathology work in seconds.
“These kinds of processes previously required time-consuming admin like filling out forms, writing on samples or calling for a courier – with Vedi, they can be done at the touch of a button,” Dr Joslyn said.
“Collecting better quality health data over an animal’s lifetime will open the doors to research opportunities, biosecurity programs and novel lifesaving treatments.
“Vedi means that soon animals and vets will have a better connected, streamlined healthcare system than the human world.”
MSD Animal Health companion animal technology solutions lead Oleksiy Nagorny said the fund was optimistic about the growth prospects of Vedi.
More here:
There is also coverage here:
‘My Health Record for pets’ startup Vedi scores $3 million treat to go global
Perth veterinary tech startup Vedi has raised $3 million as it looks to become the pet version of the federal government medical database My Health Record.
SIMON THOMSON 13 January, 2023
The funds came from two international investors, with MSD Animal Health, a division of Merck & Co., once again backing Vedi, joined by pet-focused New York VC Companion Fund, and will be used to expand Vedi’s medical record technology for pets in Australia and into the UK.
Vedi was founded in 2017 and rebranded from VetDB in August last year. Cofounder and CEO Dr Steve Joslyn, a specialist veterinary radiologist, was inspired to launch the tech startup after growing weary of data mix-ups and manual record keeping processes for the pets he saw.
The result is a universal medical record platform, accessible via smartphone, with smart data collection tools, so vets to access pet health records via the animal’s microchip. Vedi is used by industry leaders such as Vetpath, Central Animal Records, Vetwest and Petstock, supporting 78,600 animal patients including more than 54,000 dogs, 12,000 cats and nearly 3,000 horses.
Veterinarians can use Vedi to capture health data with easily, including taking a photo of a vaccine vial with a smartphone, then locking the data to the animal’s microchip for others to access, share and update on over the animal’s lifetime using the platform.
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I have to say, given the explanations of how the record will be used, I can only welcome such an initiative and the use of the microchip as a way to uniquely ID the ‘patient’ is a really good idea!
All I can say is that you learn something new every day.
I wonder could Vedi provide a system that would be better than the old “monster”?
Great fun story!
David.
2 comments:
Might be a little dangerous to liken it to My Health Record, although in England I doubt they have heard much about Australia's White Elephant.
Maybe they could try selling it to zoos to store health records of real elephants.
Another danger is that ADHA might propose to microchip every Australian. It would make life so much simpler for all those technologists.
ADHA strategy and the MyHR is aligned to the new target audience - pigs, dogs, horses, mules, rabbits, snakes, weasels, bulls….
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