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Spike Raises €3.2 Million for GenAI Health Solutions

Spike, a startup hailing from Lithuania, has successfully raised €3.2 million in order to provide health businesses with GenAI.

Located in Vilnius We are pleased to report that Spike, a business-to-business (B2B) data technology and artificial intelligence (AI) firm, has successfully closed a seed round of funding totaling €3.2 million. This funding will be utilized to fuel continued growth and product expansion.

The round was headed jointly by Practica Capital and TheVentureCity, with participation from investors based in Silicon Valley, New York, and Berlin. These investors included CEAS Investments, Plug & Play Ventures, Geek Ventures, and Axel Springer Porsche (APX), among others.

Spike provides enterprises in the healthcare and digital health industries with a solution that allows them to implement artificial intelligence into their applications in a manner that is compliant, secure, and efficient. This is in response to a rising demand from end customers.