Investor Relations

Clinical-Grade Cardiac Monitoring in Your Pocket

CardioCareAI provides clinical-grade cardiac monitoring (97% accuracy) accessible via smartphones, bridging the gap between expensive clinical Holter monitors and inaccurate consumer wearables.

The Problem

The Cardiac Detection Gap

Millions with intermittent arrhythmias go undetected because current options force a choice between clinical accuracy and accessibility.

Clinical Holter Monitors

  • £500–2,000+ per session
  • 24–48 hours only
  • Days to weeks for results
  • Requires specialist referral

Consumer Wearables

  • 60–80% accuracy (not clinical-grade)
  • AFib only — miss other arrhythmias
  • Basic metrics, not clinician-ready
  • Limited clinical validation

The Human Cost

  • 39,000 premature CVD deaths in England (2022)
  • 7.6 million UK residents with heart disease
  • 18-week+ average wait for cardiac care
  • 75% increase in cardiac waiting list since 2020
408,000+ Patients on NHS cardiac waiting list
75% Increase in cardiac waiting since 2020
7.6M UK residents living with CVD
Our Solution

Bridging the Gap with AI

CardioCareAI delivers clinical-grade cardiac monitoring accessible from any smartphone — matching Holter monitor accuracy at a fraction of the cost.

  • 97% sensitivity deep learning model for 12-lead ECG interpretation
  • 15 arrhythmia categories detected (AFib, PVC, PAC, tachycardia, bradycardia, SVT, AV block, bigeminy, trigeminy, and more)
  • Dual signal analysis: ECG + PPG simultaneously (industry first)
  • Sub-second processing latency — results in under one second
  • AI-powered natural language clinical summaries
  • FHIR-compliant reporting for NHS/EHR integration
  • Multi-platform: Web, iOS, Android, WatchOS, WearOS
Competitive Advantage

Why We Win

Six defensible moats that make CardioCareAI the category leader in UK AI cardiac monitoring.

NHS-First Strategy

Only AI cardiac platform with active NHS Trust pilot deployments. Direct relationships with UK healthcare system create an unmatched distribution advantage.

Dual Signal Analysis

First platform to analyse ECG + PPG simultaneously using AI. More comprehensive cardiac picture through proprietary combined analysis algorithms.

UK-Based Operations

Local MHRA regulatory expertise, aligned time zones, and deep understanding of NHS procurement. A defensible position versus US-based competitors.

Clinical + Consumer

Hospital-grade accuracy (97%) with smartphone accessibility. Affordable subscription pricing with consumer-friendly UX that clinicians also trust.

LLM-Enhanced Reports

AI-generated natural language clinical summaries — patient-friendly AND clinician-ready. Customisable report formats for every stakeholder.

Full Platform Coverage

Web + iOS + Android + WatchOS + WearOS. Complete user journey capture with cross-platform data sync — no competitor matches this breadth.

Market Opportunity

A £1.66 Billion Market Growing 13% Annually

The UK wearable cardiac devices market is projected to reach £5.66 billion by 2034, driven by NHS digital mandates, post-COVID health awareness, and regulatory tailwinds.

£1.66B UK Wearable Cardiac Devices Market (2024)
£5.66B Projected Market Size (2034)
13.1% CAGR — Compound Annual Growth Rate

Why Now

  • NHS Long Term Plan prioritises digital health; Government Elective Reform Plan (January 2025) mandates shift from hospital to community care
  • MHRA AI Airlock sandbox programme launched (April 2024); international reliance pathways accelerate approval
  • Deep learning now achieves clinical-grade accuracy; smartphones carry high-quality PPG sensors
  • Consumer health monitoring demand at 10-year high; remote patient monitoring is mainstream post-COVID
Traction

What We Have Built

The hard technical work is done. We are in execution mode.

Core AI Engine: 97% sensitivity across 15 arrhythmia categories
ISO 13485-aligned quality management system complete
Training data validated on MIT-BIH and PTB-XL datasets
Multi-platform MVP deployed: Web + iOS + Android + Wearables
3 NHS Trust pilots active for real-world clinical validation
Commercial launch target: 1st May 2026

Revenue status: Pre-revenue — pilot partnerships with nominal fees. Seed round active.

Business Model

Three Revenue Engines

SaaS recurring revenue with 80%+ gross margins across consumer subscriptions, NHS enterprise contracts, and white-label partnerships.

B2C

Consumer Subscriptions

  • Free: £0/month — 5 analyses, basic features
  • Pro: £14.99/month — 100 analyses, full features
  • Enterprise: £99/month — unlimited, SLA, dedicated support

Target LTV:CAC ratio > 4:1

B2B

NHS & Healthcare

  • NHS Trust: £10,000–50,000/Trust/year
  • Private Clinic: £5,000–20,000/clinic/year
  • API Access: £0.50–2.00 per analysis

70–80% gross margin per contract

Partnerships

White-Label & Research

  • White-Label: Custom licensing + revenue share
  • Targets: Insurance companies, employer health programs
  • Academic: Discounted or grant-funded access

Scaled SaaS + API licensing

Technology

Built for Clinical-Grade Performance

A modern, scalable stack purpose-built for medical AI — from signal ingestion to clinician-ready reports.

Tech Stack

FastAPI (Python 3.11+) PostgreSQL 15+ (Supabase) ONNX Runtime 1.16+ React 18+ / TypeScript 5+ SwiftUI (iOS 16+) Jetpack Compose (Android) Anthropic Claude API Stripe Payments AWS S3 Railway (Auto-Scaling)

ML Pipeline

  1. Signal Ingestion — CSV, EDF, WFDB, RAW, JSON formats supported
  2. Preprocessing — Bandpass filtering (0.5–45 Hz), baseline wander removal, noise reduction
  3. Feature Extraction — R-peak detection, RR intervals, HRV metrics (SDNN, RMSSD, pNN50)
  4. ML Inference — ONNX Runtime, batch processing, optional GPU acceleration
  5. Post-Processing — Confidence calibration, episode segmentation, severity assignment
  6. AI Summaries — Natural language clinical reports via Claude API
Regulatory Strategy

Clear Regulatory Pathway

A phased regulatory approach targeting MHRA Class IIa clearance, then international expansion through reliance pathways.

MHRA Timeline

Complete

ISO 13485-aligned QMS & Design History File

In Progress

Risk Management (ISO 14971)

Q2 2026

MHRA Pre-Submission Meeting

Q3 2026

Technical file completion

Q4 2026

Class IIa submission

Q1–Q2 2027

MHRA clearance (targeted)

Positioning Language

Approved Claims

  • "Clinical-grade accuracy"
  • "Detects potential arrhythmias"
  • "Supports healthcare provider decision-making"
  • "AI-powered cardiac analysis"

Claims to Avoid (Until Clearance)

  • "Diagnoses heart conditions" — use "detects"
  • "FDA approved/cleared" — not yet achieved
  • "Replaces doctor consultation"
  • Specific treatment recommendations
Roadmap

Four-Phase Strategic Roadmap

From foundation to international scale — a clear, milestone-driven path to market leadership.

Phase 1

Foundation & Early Validation

In Progress
  • 97% sensitivity across 15 arrhythmia categories
  • ISO 13485-aligned QMS complete
  • 3 NHS Trust pilots active
  • Seed round: £250K–£500K
Accuracy: 97% Pilots: 3 Launch: May 2026
Phase 2

Clinical Validation & Regulatory

H2 2026
  • MHRA pre-submission meeting (Q3 2026)
  • 500+ patient clinical validation study
  • MHRA Class IIa submission (Q4 2026)
  • Expand to 10+ NHS Trust partnerships
Patients: 500+ Trusts: 10+ ARR: £50K–£100K
Phase 3

NHS Rollout & Commercial Scale

2027
  • MHRA Class IIa clearance (Q1–Q2 2027)
  • NICE health technology assessment
  • NHS framework agreement & procurement
  • Consumer subscription launch
Trusts: 25+ Subscribers: 5,000+ ARR: £500K–£1M
Phase 4

Scale & International Expansion

2028+
  • 50+ NHS Trusts, 50,000+ consumers
  • FDA 510(k) & CE MDR pathways
  • White-label partnerships (insurers, employers)
  • Series A or strategic exit
Trusts: 50+ Subscribers: 50,000+ ARR: £2M–£5M
Risk Management

Risks & Mitigation

We take a proactive approach to risk. Every identified risk has a clear mitigation strategy.

Regulatory Risk

MHRA clearance delays or rejection.

Mitigation: Early MHRA engagement via pre-submission meeting. ISO 13485-aligned QMS already complete. Experienced regulatory consultants engaged. Clear Class IIa pathway established.

Clinical Validation Risk

Clinical studies fail to replicate lab accuracy.

Mitigation: NHS pilot data already showing strong results. Multiple validation datasets used. Continuous model refinement capability. Conservative accuracy claims throughout.

Market Adoption Risk

NHS procurement slower than expected.

Mitigation: Dual B2B + B2C strategy. Private healthcare as parallel channel. Freemium consumer funnel reduces CAC. Multiple NHS pilots de-risk adoption.

Competition Risk

Well-funded competitors enter UK market.

Mitigation: NHS-first strategy creates local advantage. 3 NHS Trust pilots establish relationships. UK regulatory expertise is a barrier to entry. Dual signal analysis is a technical differentiator.

Technical Risk

AI model degradation or security breach.

Mitigation: Continuous model monitoring. HIPAA-compliant architecture. SOC 2 Type II planned. Regular security audits and penetration testing.

Funding Risk

Unable to close seed round on target timeline.

Mitigation: Multiple investor conversations active. Bootstrap capability for 6+ months. Grant funding applications submitted. Flexible round size (£250K–£500K).

The Round

Seed Round: £250K–£500K

Fuel for the next 18 months — from clinical validation to commercial NHS contracts.

Use of Funds

35%
Clinical Validation & Regulatory

Clinical study execution, MHRA submission prep, regulatory consultants, QMS maintenance

30%
Engineering & Product

ML model refinement, platform scaling, security hardening, new feature development

20%
NHS Pilot Expansion & Sales

Sales team hire, NHS relationship building, marketing materials, conference presence

15%
Operations & Working Capital

Infrastructure costs, legal & accounting, insurance, buffer

18-Month Milestones

Q2 2026

Commercial launch (1st May 2026), MHRA Class IIa submission, 10+ NHS Trust pilot partnerships

Q3 2026

Clinical validation study enrolment complete, first paying NHS pilot contracts

Q4 2026

500+ patient clinical validation complete, consumer subscription launch

Q1 2027

MHRA clearance (targeted), £250K+ ARR

Q2–Q4 2027

First commercial NHS Trust contracts, £500K+ ARR milestone, 25+ NHS Trust partnerships

Team

The People Behind CardioCareAI

A lean team with deep technical expertise and direct NHS relationships.

Dr Mahdi Torabi

Director / Team Lead and Signal Processing

Mahdi, as a Team leader and Project manager, covers the development of Signal & Image processing, Computer Vision, plus AI (Machine learning & Deep learning) for the project. 

Saman Salari

Product Designer & Web Developer

Saman earned his Master’s degree in Computer Science from the University of Hull in 2023 and is with us as a designer, developer, and technical member of the project.

Dr. Yashar Shokouhi

Academic R&D

Yashar’s research explores AI, data science, advanced signal processing, and complex system modeling in neuroscience, biomedical applications, and healthcare, covering the academic R&D of the project.