SkinVision, Europe’s leading skin cancer detection app, has raised $3.4 million in a funding round led by global healthcare company LEO Pharma.
Launched in 2011, the app SkinVision allows its users to take a photo of a mole or bump and analyses it visually with the aim of identifying suspicious growths like melanoma. Traffic light system is applied to rate the moles or the bumps on the skin. The app also allows its users to save the photos taken to look into the different moles at different time. The system currently uses a simple algorithm with seven criteria to assess the mole. Available for iOS and Android, the app has been downloaded more than 200,000 times till date.
“Skin cancer grows chaotically and potential suspicious moles are identified based on signs of non-natural growth,” explained CEO Dick Uyttewaal. “The algorithm within the online assessment reviews signs of non-natural growth of skin lesions and is based on an established mathematical methodology in biology called fractal geometry.” Uyttewaal is proud to say that it is the only skin cancer detector app to have received CE certification in Europe and the compares the accuracy of the app to the ‘average eye of a dermatologist.’
As part of the funding, LEO Pharma will join hands with SkinVision’s team to expand the market for SkinVision’s technology globally. “We are very pleased to collaborate with SkinVision, because we will gain unique learnings about the convergence of digital technologies with medical applications. The coming years will see an ever-changing and increasingly digital health care environment and LEO Pharma wants to be at the forefront of that trend. This is a huge opportunity for the European technology and pharmaceutical industries to become world leaders,” said Kim Kjoeller, senior vice president of global development at LEO Pharma.
With the new funds, SkinVision plans to address the potential opportunity of the unmet demand as one of the biggest challenges with skin cancer is educating consumers to detect dangerous moles. Also, this app will help in making healthcare information more available and accessible to consumers.