Ferrum Health

✍️ Notes from the Editors

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Democratizing clinical AI

Ferrum Health partners with hospital systems to safely integrate clinical AI, reduce medical errors, and enhance patient outcomes. By providing a secure, on-premise platform, the health technology company enables hospitals to evaluate, deploy, and govern AI models at scale without compromising data privacy or patient safety. Its mission is to close the gap between cutting-edge AI and clinical adoption, modernizing healthcare delivery in a way that’s sustainable, trusted, and effective.

🔗 Check it out: ferrumhealth.com

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💰 Business Model

Ferrum operates on a B2B model, selling its platform to healthcare systems, which are organizations that manage networks of hospitals, clinics, and other care facilities.

📈 Traction and Fundraising

• Raised a total of $31 million to date, most recently raising a $16 million Series A from Foundry, Catalyst by Wellstar, Headwater Ventures, UnitedHealthcare Accelerator, Blumberg Capital, Cercano Management, GSR Ventures, Urban Innovation Fund, and Singtel Innov8

• Used in over 250 healthcare facilities

• Over 2.5 million unique patient records analyzed to date

👫 Founder Story

Ferrum Health CEO Pelu Tran met Kenneth Ko, Ferrum’s CTO, during his first year of medical school. Ko was the roommate of Tran’s best friend, and they bonded over games like Rock Band and Super Smash Bros. While Tran’s first startup, Augmedix, didn’t align with Ko’s expertise in enterprise infrastructure, that changed with Ferrum Health. As the idea for Ferrum took shape, it became clear that Ko’s experience building enterprise infrastructure at companies like Cisco and Harmonic was exactly what was needed to build the foundational systems for their healthcare AI platform. The partnership came naturally and proved to be a perfect fit.

💼 Opportunities

• Infrastructure Engineer, Cloud

• Solutions Architect, ML Applications

• Infrastructure Engineer, Kubernetes

• Regional Account Executive

• Healthcare Account Executive

• Healthcare Sales Development Executive (SDR)

🔮 Our Analysis

Despite the global healthcare sector generating over 2.3 zettabytes of data (that’s 2.3 billion terabytes, or approximately 30% of the world’s data), 97% of it goes unused. Moreover, 77% of hospital systems lack an integrated analytics strategy, leaving them ill-equipped to harness the full potential of clinical AI tools, optimize operations, or make data-driven decisions that could improve patient outcomes and reduce costs. 

Ferrum’s platform directly tackles this systemic issue by serving as a secure, enterprise-grade “AI hub” within hospital environments. It allows health systems to seamlessly validate and deploy third-party algorithms across departments without letting sensitive patient data leave the firewall​. By providing the missing infrastructure to deploy clinical AI at scale, Ferrum Health demonstrates strong product–market fit in aligning technological innovation with an urgent clinical need.

Ferrum has built a defensible strategy with its platform model, early market traction, and experienced leadership. Unlike single-solution vendors, Ferrum positions itself as an integration layer supporting a broad library of algorithms spanning radiology, oncology, cardiology, and more on one deployable platform​. This vendor-neutral approach gives hospitals flexibility to adopt dozens of AI applications through one unified system, which can be fully implemented in weeks rather than years​. 

Early traction underscores the demand for this model, as Ferrum’s platform has already processed 2.5 million patient records to date across 250 hospital sites, including major health networks like Sutter Health and Carle Health​. Ferrum has also driven significant results for both patients and providers. One health partner increased lung cancer detection rates by 77% using an AI deployed with Ferrum, while health systems more broadly have cut IT costs by up to 75%. Such milestones not only validate Ferrum’s approach but also create network effects: as more hospitals and AI vendors join its ecosystem, the platform becomes an increasingly entrenched utility. 

Guiding this growth is a leadership team with deep healthcare experience. CEO Pelu Tran, for example, previously co-founded Augmedix, scaling it to serve over 20 major health systems before its $139 million​ acquisition by Commure in 2024. This combination of a scalable platform, clear market traction, and experienced leadership gives Ferrum a durable competitive advantage.

As AI adoption in healthcare becomes a necessity, Ferrum is the connective layer that turns potential into reality.

📚 Further reading

• Our Investment in Ferrum Health​ [Foundry]

• Ferrum Health Raises $16M in Series A Funding​ [PRWeb]

• Ferrum Health Expands AI Orchestrator Platform​ [MedTech Dive]

• Pelu Tran Profile​ [The Org]

Written by Neo Phuchane

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