England-based Cera provides technology and remote monitoring healthcare solutions in an attempt to revolutionize the home care industry. Founded in 2016, Cera offers services such as physical and virtual primary care consultations, nursing, prescription delivery services, and remote monitoring. After an initial consultation and patient data collection, the platform monitors and predicts deteriorations in conditions for proactive medical interventions. The company does so by using machine learning, AI, and data analytics.
The company operates via healthcare providers, offering their services on a B2B2C and B2B basis to help ease provider burdens. The company also enables providers to incorporate Cera's app into healthcare provider's own offering. As of January 2024 the company notes that its app was being used on a license-basis by more than 2,000 businesses.
As of January 2024, Cera's reach extended across England, Scotland and Wales, with more than 10,000 carers and nurses delivering more than 50,000 in-person care visits every day.
Key customers and partnerships
Cera has established key partnerships with both public and private sector organizations, including the NHS, the Department for Health & Social Care, IBM, Deliveroo, and Uber. These collaborations aim to improve the quality and accessibility of care. The company also played a key role in the UK government's Join Social Care initiative as a recruitment technology partner to help meet the growing demand for care workers.
In February 2024, Cera partnered with Google Cloud to enhance its ability to meet home healthcare needs in the UK by providing rapid analytic insights. Through the partnership, Cera was able to offer its caregivers real-time insights that facilitate prompt care interventions by utilizing Google Cloud's advanced data capabilities. The partnership also greatly improved the quality of Cera’s internal datasets, enabling them to reduce hospitalization rates and alleviate the burden on the NHS. It has also sped up insight delivery, producing near-instantaneous reports rather than the previously available 24-hour turnaround. Furthermore, the partnership aided Cera's product development teams in their efforts to consolidate and utilize data for more advanced machine learning capabilities.
Funding and financials
In August 2022, the company raised USD 320 million (GBP 260 million) in equity and debt financing. The equity funding was led by existing investor Kairos HQ. The raised funds set aside to expand its market presence and capacity, going from serving 15,000 patients daily to 100,000 patients. The firm also planned to expand its geographical footprint overseas in Europe and the US over the next two years.
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