amplifAI Health
ActiveAI-powered thermal imaging medical device (TFscan) that screens for early-stage diabetic foot ulcers.
amplifAI Health is a Riyadh-based healthtech startup building AI-driven thermal imaging diagnostics. Its flagship product, TFscan, received Saudi FDA (SFDA) marketing authorization as, per the company, the world's first software-as-a-medical-device for diabetic foot screening; it also markets NUR, an athlete-recovery product. Founded in 2023, it has been backed by Techstars, Wa'ed by Aramco, Plug and Play, and KAUST Innovation Ventures.
Founders
Funding Rounds
Investors: Wa'ed Ventures, Plug and Play, KAUST Innovation Ventures, Techstars, Lamarka
Undisclosed amount. New investors Wa'ed Ventures (Aramco), Plug and Play, KAUST Innovation Ventures; Techstars and Lamarka (Al Khobar venture studio) described by the company as existing backers. Round type not stated by the company; PitchBook/Tracxn call it seed (13 Feb 2025). Company news page carries an 8 Mar 2025 date while entARABI reported it 12 Feb 2025 — earliest press date used. Also: https://entarabi.com/en/2025/02/amplifai-health-closes-funding-round-to-accelerate-execution-on-sfda-approved-ai-powered-diabetic-foot-screening-solution/ https://en.incarabia.com/amplifai-health-raises-funds-for-ai-diabetic-foot-screening-719041.html https://bridgemena.com/news/healthtech/amplifai-health-secures-strategic-funding-to-support-tfscan-diabetic-foot-screening-device/ https://pitchbook.com/profiles/company/538279-66 Confidence: confirmed (round 13, amplifAI Health).
Lead: Techstars
Investors: Techstars, Raed Ventures
Riyadh Techstars Accelerator 2023 class (accelerator investment). Techstars' class announcement (15 Jun 2023, now 404) and the CEO's LinkedIn post confirm selection; the Dec 2023 graduation article lists amplifAI among the 12. Program terms per Arab News/Business Wire: SAR 450,000 (~$120,000) per participant in partnership with Raed Ventures, MCIT and SNB — company-specific amount not confirmed, so amount left null. Company later names Techstars as an existing investor. Also: https://www.techstars.com/newsroom/announcing-the-riyadh-techstars-accelerator-2023-class https://www.linkedin.com/posts/meshari-f-alwashmi_announcing-the-riyadh-techstars-accelerator-activity-7075884265875390464-FVSc https://www.arabnews.com/node/2238691/business-economy https://www.businesswire.com/news/home/20230124006083/en/Techstars-MCIT-RAED-Ventures-and-Saudi-National-Bank-Announce-the-Continuation-of-The-Riyadh-Techstars-Accelerator Confidence: confirmed (round 13, entARABI).
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