The HealthTech Club – iCarbonX – Building A Digital Life Ecosystem By Combining Consumer Life Data, Internet And AI!

iCarbonX is a Chinese digital healthcare solution founded in October 2015 by Hao Li, Jun Wang, Yingrui Li. Based out of Shenzhen, the company is an AI platform for health data.

iCarbonX -About The Company

iCarbonX is a digital data platform for personal healthcare. In an age driven by data science which has technology injected into almost every part of our lives, it is still lagging in terms of how much we implement it in our health. The platform allows individuals to be more informed of their health conditions with the help of data and AI-driven tracking and analysis. 

The Strategy

The platform combines the health data of the consumer and global research data with AI tech to create a digital health ecosystem where each user can be informed of their health. It acts as a map of personal health, informing people of their relative position, risks and opportunities and allowing them to take a better path in terms of healthy choices. It also allows medical professionals easy access and guidance to understand patients with their health history, status and vulnerabilities mapped out digitally. 

Unlike most Healthtech that focus on cutting edge prognosis, treatment, infrastructure or application in a hospital facility, this directly affects the daily life of users. They are directly involved in understanding, analyzing and digitizing our lives to an individual level, while simultaneously using the data to compare and create a database that improves in quality with more data being added to the system. 

The Growth Curve

A data analytics approach to health via a vast database that focuses on the individual is a proverbial giving tree for healthcare. This combines the innovative technology of AI with healthcare, propelling the learning and understanding of life to a new level of digitization. As more and more data is collected, the scope for learning as well as the knowledge on diseases and health increases. This in turn allows the database to make more accurate predictions and offer users better choices for their health. 

In the long run, such a platform is key to not only understanding health but also using tech to improve the daily practices at the individual level to promote health and hygiene. 

The platform, since its inception, has seen tremendous growth in terms of valuation, investments and growth. The company is backed by tech giants such as Tencent and the UEC group.

iCarbonX has attracted a total of $200 million worth of investments in 2 rounds. A year after its inception, their latest round of Series A investments were backed by Tencent as the lead investor, amassing $155 million in that round alone. This pushed the company to Unicorn status in just a year.

Conclusion

The user base has also grown to cover over a million users, and all their data contributes to the vast knowledge repository which is still growing. The company provides continuous health characterization to its users on their integrated, digitized, AI-driven platform that allows them to be aware of their health conditions and consistently make better, more informed choices. The nature of the platform also makes these options more accurate, as the data-driven platform learns more as more data is added to the growing repository. 

iCarbonX is leading the way in innovating healthcare at the individual scale, allowing common people to make better health decisions by leveraging their data. The futuristic approach does wonders and is something to adopt for the long run.