KoreaTechToday - Korea's Leading Tech and Startup Media Platform
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government
  • Lists
KoreaTechToday - Korea's Leading Tech and Startup Media Platform
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government
  • Lists
KoreaTechToday - Korea's Leading Tech and Startup Media Platform
No Result
View All Result
Home Healthcare

Samsung Promotes AI Healthcare Startups with Ada Health Investment

KoreaTechToday Editor by KoreaTechToday Editor
PUBLISHED: June 1, 2021 UPDATED: June 3, 2021
in Healthcare, Samsung, Startup
0
Samsung Electronics participated in the funding round for Ada Health, an AI symptom assessment app, further supporting AI-backed healthcare startups.
Samsung Electronics participated in the funding round for Ada Health, an AI symptom assessment app, further supporting AI-backed healthcare startups.

Samsung Electronics participated in the funding round for Ada Health, an AI symptom assessment app, further supporting AI-backed healthcare startups.

Samsung Electronics Co. announced that it had invested in the Berlin-based global health company Ada Health. Notably, Ada Health operates the app Ada, which offers AI-supported healthcare services and user self-assessment. The South Korean tech giant’s US-based venture capital fund Samsung Catalyst Fund joined Ada Health’s Series B funding round.

Reportedly, Samsung Electronics’ former chief strategy officer, Young Sohn, managed the investment in Ada Health. Moreover, Samsung joined hands with Bayer, one of the world’s largest pharmaceutical companies, raising around $90 million for Ada Health. In addition to the two companies, F4, Inteligo Bank, Mutschler Ventures, and Vitruvian Ventures participated in the funding round.

Providing AI Symptom Assessment Services 

Established in 2011, Ada Health’s Ada supports an AI chatbot, enabling users to ask questions regarding health issues. Ada also provides users advice, guiding them through the following steps accordingly.

Ada Health also employs many physicians that directly answer users’ questions and address their needs through the app. Initially, Ada Health mainly focused on providing doctor support tools, including AI-supported health and symptom assessment. However, its competitive edge evolved into covering over 30,000 diagnoses classification codes and extensive medical knowledge.

According to Ada Health, at present, the app holds the most extensive medical knowledge coverage among platforms that offer similar services. Currently, the healthcare app offers its services to more than 11 million worldwide users across 150 countries. Ada also allows users to choose from ten languages.

“The idea is to help as many people as possible to get better access to healthcare around the world,” said Daniel Nathrath, Ada Health’s CEO and Co-Founder. “Our ambition is, in a few years, that a billion people instead of 11 million people will be using our technology.”

To this end, the AI health app plans to work with the right investors that could accelerate its growth path. Ada Health would also strive to give more people access to its technological benefits and offers. Additionally, Ada aims to use the accumulated funds to boost its platform considerably.

Supporting Healthcare Startups

Over the recent years, Samsung has been making significant investments in AI health-tech startups. During this year, Samsung teamed up with Bayer to participate in the British healthcare startup Huma Therapeutics’ Series C funding round. Huma Therapeutics’ funding raised around $130 million. Samsung joined the funding round through Samsung NEXT, another venture capital unit.

Samsung also invested in WELT, a South Korean digital health-tech startup, through its C-LAB program. WELT incorporates IT into healthcare solutions, developing digital therapeutics for conditions, including alcoholism and insomnia. Furthermore, Samsung offered its support for the digital health platform Noom through Samsung Ventures. Noom said that it would utilize the funds to expand its existing services.

Check out other must-read articles from KoreaTechToday:

  • AIA Life, SK, Samsung Releases Healthcare Platform for Smartwatches
  • DOUB’s AI-Powered SpeechEMR Automates Medical Transcription
  • Five Promising Korean AI Startups Transforming the Healthcare Industry
  • LG Uplus Develops Non-Face-to-Face Integrated Senior Care Services
Tags: Ada HealthAIArtificial IntelligencefundinghealthcareSamsungStartups

Related Posts

Inside Stargate: How Samsung and SK Are Powering OpenAI’s Global AI Ambitions
Samsung Electronics participated in the funding round for Ada Health, an AI symptom assessment app, further supporting AI-backed healthcare startups.
AI

Inside Stargate: How Samsung and SK Are Powering OpenAI’s Global AI Ambitions

October 7, 2025
Samsung Launches TRUEBench: A Benchmark for Real-World AI Productivity
Samsung Electronics participated in the funding round for Ada Health, an AI symptom assessment app, further supporting AI-backed healthcare startups.
AI

Samsung Launches TRUEBench: A Benchmark for Real-World AI Productivity

September 29, 2025
Samsung AI Forum 2025: Could its AI Agents Change How We Interact with Technology?
Samsung Electronics participated in the funding round for Ada Health, an AI symptom assessment app, further supporting AI-backed healthcare startups.
AI

Samsung AI Forum 2025: Could its AI Agents Change How We Interact with Technology?

September 25, 2025
Samsung SDS Unveils Full-Stack AI Strategy to Drive Enterprise Transformation
Samsung Electronics participated in the funding round for Ada Health, an AI symptom assessment app, further supporting AI-backed healthcare startups.
AI

Samsung SDS Unveils Full-Stack AI Strategy to Drive Enterprise Transformation

September 24, 2025
Caught Between Giants: How U.S. Export Controls Reshape South Korea’s Semiconductor Strategy
Samsung Electronics participated in the funding round for Ada Health, an AI symptom assessment app, further supporting AI-backed healthcare startups.
Samsung

Caught Between Giants: How U.S. Export Controls Reshape South Korea’s Semiconductor Strategy

September 1, 2025
Samsung and SK Hynix Face New U.S. Licensing Rules for Chinese Chip Plants
Samsung Electronics participated in the funding round for Ada Health, an AI symptom assessment app, further supporting AI-backed healthcare startups.
China

Samsung and SK Hynix Face New U.S. Licensing Rules for Chinese Chip Plants

August 31, 2025
No Result
View All Result

Most Popular

  • Ride-Hailing Rivalry: Kakao and Uber Bet on Membership Services in Korea

    0 shares
    Share 0 Tweet 0
  • Kakao Mobility Faces $10.5 Million Fine for Limiting Competitors’ Access to Taxi Platform

    0 shares
    Share 0 Tweet 0
  • Korea’s Navigation Battle Heats Up: Naver and Kakao vs. Google maps

    0 shares
    Share 0 Tweet 0
  • 5 Best Korean to English Translation Apps

    0 shares
    Share 0 Tweet 0
  • Naver Launches 3D Street View for Immersive Navigation Experience

    0 shares
    Share 0 Tweet 0
  • KakaoTalk to Adopt Instagram-Style Feed in Major 2025 Redesign

    0 shares
    Share 0 Tweet 0
  • Naver Maps Launches Guide in English, Chinese, and Japanese to Enhance Travel Experience for Tourists

    0 shares
    Share 0 Tweet 0
  • Top Nine Mobile MMORPG in South Korea for 2020

    0 shares
    Share 0 Tweet 0
  • Naver Unveils Asia’s Largest Data Center, GAK Sejong, for Tech Innovation

    0 shares
    Share 0 Tweet 0
  • LG’s Return to Smartphones: A New AI Collaboration with Samsung

    0 shares
    Share 0 Tweet 0

PRODUCTS

[ads_amazon]

TOPICS

  • Naver
  • Kakao
  • Nexon
  • Netmarble
  • NCsoft
  • Samsung
  • Hyundai

FREE NEWSLETTER

FOLLOW US

  • About Us
  • Cookie policy
  • home
  • homepage
  • mainhome
  • Our Services
  • Privacy Policy
  • Terms of Use

Copyright © 2024 KoreaTechToday | About Us | Terms of Use |Privacy Policy |Cookie Policy| Contact : [email protected] |

No Result
View All Result
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government
  • Lists

Copyright © 2024 KoreaTechToday | About Us | Terms of Use |Privacy Policy |Cookie Policy| Contact : [email protected] |