Why we invested in MX Labs

The Vision

In company’s own words:

The Founders

Like with every startup we invest in, also here, it all started with the founders. Both Remi Kościelny and Przemek Jaworski are serial entrepreneurs with years of experience building and scaling tech companies.

Remi (left) and Przemek (right) — the founding team of MX Labs

The Technology

Video cameras built into modern smartphones are powerful and very sensitive light sensors that can capture subtle changes in human skin color and texture. They can also register and track tiny physiological details that are normally invisible to the naked eye. Coupled with powerful processors and smart algorithms, able to perform millions of calculations per second, they can tell more about your health than many dedicated medical devices. Inspired by the possibility of capturing such wealth of data from the skin, the MX Labs team committed themselves to creating a simple, yet powerful video-based diagnostic platform: Shen.AI. How does it work?

  • Once the facial video image is detected and stabilized, it is passed into two simultaneous computation streams.
  • One extracts the signal from blood pulsations in the skin vasculature, and is able to detect heart rate, blood oxygen saturation and blood pressure.
  • The other, in the meantime, is able to examine skin texture and build its color map model used for facial skin health diagnostics.
  • Together they form a unique data processing pipeline, which ultimately connects to an AI-driven diagnostic engine.

The Co-Investors

Once we’re committed to investing, we love to bring to the table others, who we feel can add a lot of value to the founding team. In case of MX Labs we were able to complete this pre-seed round with four magnificent investors from all around the globe:

  • Joseph Mocanu via his Singapore-based Verge HealthTech Fund who brings 20 years of experience in developing and investing in healthcare technologies.
  • Aaron Patzer — a New Zealand based entrepreneur known for co-founding and selling Mint.com, who has recently been involved in digital health projects like Carbon Health, Radix Health or Vital Software
  • Ragnar Sass and Martin Tajur — Estonian angel investors, co-founders of Pipedrive, a unicorn from the Baltics

Are you working on a startup relevant to SMOK?

If you read the above, liked what you saw, can relate to how we think, communicate and act as a fund and you know of a startup we should be talking to, please read our investment FAQ and send me an email with the deck at borys@smok.vc!

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Borys Musielak

Borys Musielak

I invest in early stage startups in CEE via SMOK.vc. Prev CEO Filmaster sold to Samba TV, co-founder ReaktorX, Startup Poland. Filmbuff. NBA lover.