Rebee Health, a health tech company based in Singapore, has received an investment from 1337 Ventures, a venture capital firm in Malaysia.
The money will help Rebee Health grow its digital physiotherapy services.
1337 Ventures announced in a statement on Wednesday that, recognizing Rebee Health’s potential to reshape rehabilitation, it has invested in the startup through its 1337 Capital 1, furthering its commitment to funding disruptive technology in healthcare.
With this funding, Rebee Health plans to offer its wearable rehab devices to more hospitals, clinics, and customers.
It will also use AI to help patients stay engaged and recover faster, and improve data tools so doctors can make better decisions from afar, helping patients get better results and lowering costs.
“We are thrilled to receive this investment from 1337 Ventures, which will accelerate our ability to scale our technology while strengthening our collaborations with healthcare providers,
“We are also developing our AI-driven rehabilitation system to automate patient monitoring,” said Rebee Health’s Founder, Lincoln Dacy.
“While we leverage automation and technology, our core focus remains on ensuring that our solutions are highly patient-centric delivering intuitive and effective rehabilitation experiences,” he added.
Rebee Health is a company that wants to help older people and improve how patients recover.
Using its new technology, the company helps patients recover faster and more safely, while also enabling doctors and healthcare workers to provide better care.
As the world’s population ages, an increasing number of people will require physical therapy.
Many will need long-term care for ongoing health problems, recovering after surgery, or healing from injuries.
Rehabilitation can be a complex and expensive process. It usually needs many visits to the therapist, which can be hard for patients, caregivers, and doctors.
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Rebee Health is addressing this issue with wearable sensor technology, revolutionizing the way rehabilitation is conducted.
Their system lets patients do physiotherapy sessions remotely and in real time, making rehab easier to access, cheaper, and based on data.
The key component is a wearable sensor that collects information about how patients move during exercises.
This information goes to a patient app, which shows real-time tips on doing exercises correctly, when to do them, and tracks progress.
At the same time, therapists can use a web portal to watch and guide patients from far away, making decisions quickly and reducing the need for many in-person visits.
If Rebee’s system is widely adopted in Singapore, it could save hospitals and healthcare centers a significant amount of money.
The startup has already helped run over 15,000 remote physiotherapy sessions. Its system could save about $86 million each year for rehab centers by freeing up hospital resources.
It could also save hospitals more than $100 million every year by reducing the number of in-person therapy sessions and decreasing waiting times.
“As the demand for rehabilitation grows, innovative solutions like Rebee Health’s wearable technology are critical to improving patient outcomes while reducing strain on healthcare systems,
“We see Rebee as a game-changer in digital physiotherapy, making recovery more accessible, efficient, and scalable,” said Bikesh Lakhmichand, Chief Executive Officer and Founding Partner of 1337 Ventures.
1337 Ventures is a venture capital firm that invests in very early-stage startups in Malaysia and Southeast Asia.
Their fund, called 1337 Capital 1, supports startups across various industries. Experts like Suresh Thiru, former COO of JobStreet, and successful startup founders back it.
Entrepreneurs create funds to help other entrepreneurs by providing them with money, advice, and support to grow and develop new, innovative businesses.
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