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Australian veterinary tech company Vedi has secured $3 million from investors MSD Animal Health - a division of US-based Merck & Co - and Companion Fund as it looks to expand its medical record platform for pet health into the United Kingdom.
Announced today, Perth-based Vedi hopes tails will be wagging internationally soon when it onboards UK customers to its universal medical record platform and smart data collection tools which it describes as being similar to My Health Record but for pets.
The technology enables veterinarians to access pet health records via the animal’s microchip, making the process effective and efficient.
Co-founded by veterinary radiologist Dr Steve Joslyn, Ross Wyness and Anton Tjea in 2017, Vedi is looking to make life easier for vets globaly - a mission supported by the new investors - two of the ‘most respected animal health funds in the world’ according to the scaleup.
“Vedi is radically improving the quality and accessibility of veterinary health data and creating a smarter, connected healthcare system,” Dr Joslyn said.
“Vets have been anticipating the move to modern, digitised veterinary care for so long. We’ve taken it upon ourselves to become the trusted medical record that connects different veterinary providers so animals can access the best quality care anytime, anywhere.”
In practice, Vedi is used by vets to capture error-free health data with simple tools - like taking a photo of a vaccine vial with a smartphone - which is then locked to the data on the pet’s microchip.
Veterinary professionals can then access, share and update that information over the animal’s lifetime using the Vedi platform.
Dr Joslyn said these tools were saving time for busy vets who can now register a microchip, record vaccinations and submit pathology work in seconds.
“These kinds of processes previously required time-consuming admin like filling out forms, writing on samples or calling for a courier – with Vedi, they can be done at the touch of a button,” Dr Joslyn said.
“Collecting better quality health data over an animal’s lifetime will open the doors to research opportunities, biosecurity programs and novel lifesaving treatments.
“Vedi means that soon animals and vets will have a better connected, streamlined healthcare system than the human world.”
MSD Animal Health companion animal technology solutions lead Oleksiy Nagorny said the fund was optimistic about the growth prospects of Vedi.
“MSD Animal Health has supported Vdei from the early stages of their journey,” Nagorny said.
“We look forward to thegrowth and development of Vedi's microchip-enabled health record technology, which can bring more efficiency and accuracy in the management of health records to the veterinary community, while positively impacting the health and well-being of pets.”
Companion Fund technical partner Cindy Cole said Vedi’s technology was promising and could expedite a new digital age of veterinary care.
“As a fund dedicated to the advancement of pet health, we see what Vedi is building as very compelling,” Cole said.
“By improving the accuracy of healthcare data, and allowing faster access, Vedi can dramatically enhance the efficiency and quality of the medical care delivered to our pets.”
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