Vet-AI will use the money to invest in new technology to support pet owners.
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A UK-based veterinary research and development start-up with ambitious plans to revolutionise the global pet market has raised almost £1 million to fuel expansion plans.
Leading the way in bringing AI to the veterinary industry, Vet-AI was founded in early 2017 by tech expert Paul Hallett and experienced veterinarian Robert Dawson.
The R&D firm said it is developing a number of solutions focusing on supporting pets, vets and giving pet owners the tools to access pet healthcare more affordably and conveniently.
The company has received investment from several key stakeholders to further the growth and development of new technologies.
Having invested £500,000 into the company, co-founder Robert Dawson said: “I have been hugely fortunate to have had the opportunity to treat thousands of wonderful animals and to meet their parents during 25 years as a vet and this investment is an opportunity to build a business which will enable the same for millions of pets across the globe.”
Vet-AI is making significant progress to innovate the industry, which has attracted interest from global animal health companies, who have since invested in the start-up.
Leading regional law firm Lupton Fawcett LLP and global brand design consultancy Elmwood have also invested in return for a minority stake, demonstrating their belief in the start-up’s potential.
Jonathan Sands OBE, the incoming chairman of Vet-AI, said: “This is an exciting venture and one that I believe will transform the future of the veterinary industry. I can see a huge upside, both in improving the work life balance for vets themselves, whilst at the same time making pet care more expedient, more convenient and better value for every family with a pet.
Vet-AI’s flagship pet care app, Joii, will officially launch in May 2019.