Galeon

About Galeon

Galeon is a French-based company founded in 2016 that operates at the intersection of healthcare and blockchain technology. The company was established by Loïc Brotons, Frédéric Da Ros, and Peter Bartos. CEO Loïc Brotons, a medical doctor in anesthesiology and intensive care as well as a data scientist, envisioned integrating AI into healthcare but recognized the foundational need for structured data. This led to the creation of Galeon, later joined by COO Matthieu Gueniffey and Richard Mihalovic.

The core of Galeon's business is its Electronic Health Record (EHR) platform, designed by and for caregivers to be user-friendly and unify all hospital specialties into a single software. The company's primary clients are hospitals; its software is currently implemented in numerous French hospitals, including university hospitals, managing the records of over 500,000 patients. Revenue is generated through a Software-as-a-Service (SaaS) model, which reduces hardware and subscription costs for hospitals. Initially, the company focused on specific niches like mother-child units before expanding to a comprehensive EHR and population health management system.

Galeon's distinctive feature is its use of blockchain technology to facilitate decentralized AI training, a method termed Blockchain Swarm Learning®. This approach allows medical AI algorithms to be trained across multiple hospitals without the patient data ever leaving the premises, thus preserving privacy. The company has created the $GALEON token, which powers its ecosystem. This token enables a value-sharing model where hospitals, patients, researchers, and investors can participate in and benefit from the value created by medical data research. A significant portion of the revenue generated from data valorization is redistributed to hospitals and a Decentralized Autonomous Organization (DAO). This DAO, governed by patients and token holders, votes to fund non-profit medical research projects.

The company's journey includes securing its first SaaS client in 2017 and partnering with its first university hospital in 2021. A pivotal moment came in January 2022 with an Initial Coin Offering (ICO), which raised $15 million from a community of 40,000 people, a strategic choice to maintain independence from traditional venture capital. Galeon is also developing a gamified platform called Atlantis to connect its community of 'Pioneers'—including hospital staff, patients, and innovators—and bridge the gap between Web2 and Web3.