RxAll is a deep learning and hyperspectral imaging platform that authenticates pharmaceuticals and tracks their quality in real-time through an IoT network. The platform addresses the prevalence of counterfeit drugs by providing pharmacies and hospitals with tools for drug verification, inventory management, and financial solutions to ensure access to safe medications.
Funding
$6.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
5CFALA+2Founders
Product
Problem
Counterfeit and substandard drugs pose a significant threat to public health, particularly in regions with weak regulatory oversight and fragmented supply chains. Existing methods for drug authentication are often expensive, time-consuming, and require specialized laboratory equipment, limiting their accessibility and hindering real-time quality control. This lack of reliable verification mechanisms leads to the proliferation of fake medications, endangering patients and eroding trust in healthcare systems.
Solution
RxAll provides a digital infrastructure platform that leverages deep learning and hyperspectral imaging to authenticate pharmaceuticals and monitor their quality in real-time. The platform offers a portable drug scanner that uses AI to identify drug samples and determine their quality within 20 seconds. This enables pharmacies, hospitals, and wholesalers to rapidly screen new batches of drugs, identify counterfeits, and ensure the availability of safe medications. In addition, RxAll provides pharmacy management software, invoice financing, and a marketplace connecting buyers and sellers of authenticated drugs.
Target Audience
RxAll's primary customers include pharmacies, hospitals, wholesalers, governments, and insurance companies seeking to ensure the quality and authenticity of pharmaceutical products.
Features
- RxScanner: A handheld device employing AI and hyperspectral imaging for on-the-spot drug authentication in 20 seconds.
- RxDelivered: A B2B marketplace connecting buyers and sellers of RxScanner-verified pharmaceuticals.
- RxPay: Financial solutions providing invoice financing to pharmacies and wholesalers to maintain drug stock levels.
- RxPOS: Pharmacy management software for sales, purchases, and inventory tracking with low-stock and expiration alerts.
- Rx-APIs: APIs for digitizing pharmacy operations, including inventory management, insurance claims, and invoice financing.