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Skin Analytics

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AI medical device for skin cancer pathways.

London, United KingdomFounded 2012Health Tech & Medtech
Valuation $50–100M Last recorded · 2025
Revenue $1–10M Latest reported FY
Headcount 100–500 Current team size
Total funding $10–50M Disclosed equity funding
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About Skin Analytics

Skin Analytics is a health technology company focused on reducing mortality from skin cancer through the application of artificial intelligence. Founded in 2012 by Neil Daly, the company was born from his personal experience growing up in Australia, where awareness of skin cancer is high, and his professional background in technology and consulting. Daly, with a degree in Physics and Mathematical Sciences and an MBA from London Business School, identified an opportunity to use AI to revolutionize the visual diagnosis of skin cancer, addressing critical delays in patient care.

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The company's core product is DERM (Deep Ensemble for the Recognition of Malignancy), an AI as a Medical Device (AIaMD). It is the world's first legally authorized AI to make autonomous clinical decisions on skin cancer without requiring human review, holding a Class III CE mark under European regulations and a Class IIa UKCA mark. The technology works by analyzing dermatoscopic images of skin lesions, captured via a smartphone with a special lens, to triage cases into malignant, pre-malignant, or benign in milliseconds. This allows healthcare systems to safely discharge benign cases, reduce the need for biopsies, and fast-track high-risk patients to specialists.

Skin Analytics primarily serves national health systems and private insurers. Its main client is the UK's National Health Service (NHS), where it has been deployed in over 25 organizations since 2020. The company also provides remote skin assessment services for Bupa and Vitality. The business model involves integrating DERM into existing teledermatology pathways to enhance efficiency and tackle patient backlogs amid a global shortage of dermatologists. The service is priced on a per-case or population basis, demonstrating significant cost savings for healthcare providers by reducing the number of face-to-face appointments.

The company has demonstrated considerable impact, having assessed over 170,000 NHS patients and identified more than 15,500 cancers. Pathways using DERM have helped some NHS partners avoid up to 95% of face-to-face urgent referral appointments. The AI's performance has been validated in real-world use, showing a 99.8% Negative Predictive Value (NPV) in ruling out cancer, which is slightly higher than face-to-face dermatologist evaluations. Following a successful Series B funding round of €17.5 million in 2025, Skin Analytics is planning to expand its services into Europe, Australia, and the US market.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2012
Headquarters
London, United Kingdom
Employees
124
Open positions
6
Dealroom signal
91.3/100
Industry
Health
Sub-industry
Medical Devices, Health Platform
Sector
Health Tech & Medtech, Oncology, Dermatology
Technology
Artificial Intelligence, Big Data, Deep Tech, Machine Learning, Computer Vision, Mobile app
Business model
Manufacturing, SaaS
Client focus
b2c

Funding history

10 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES B✓Equity / VC Apr 2025 $20M $79M Intrepid Growth Partners ↗
GRANT✓Other financing Jul 2023 $0 — SBRI Healthcare · NHS England ↗
Showing the latest 2 of 10 recorded eventsBook a demo for the full funding history →

Financials

Revenue over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowth
2026
2025
2024
2023
2022
2021
2020 —
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Growth signals

Skin Analytics website traffic

Latest recorded traffic for Skin Analytics is 31K monthly website visits, up 34.8% over the last three months. Skin Analytics's team grew 11.7% over the past year.

Latest monthly visits31K 3-month web change+34.8% 1-year team growth+11.7%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

23 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed4 investors entered at this stage

  • Wayra
  • Queensland Government
  • SBRI Healthcare
  • NHS England

Series A10 investors entered at this stage

  • Crowdcube
  • Polar Light Ventures
  • Mustard Seed + Partners
  • London Co-Investment Fund
  • Hoxton Ventures
  • Nesta Impact Investments
  • Crista Galli Ventures
  • Spex Capital
  • Wavemaker Three-Sixty Health
  • Intrepid Growth Partners

Other known investors9 additional known investors

  • Current
  • Ian Mclennan
  • Minerva Business Angel Network
  • Queensland Innovation
  • Royal Academy of Engineering Enterprise Hub
  • RYSE Asset Management
  • Seb Wallace
  • Triple Point Ventures
  • Wisconsin Investment Partners
Team profiled 13 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
7 countries with
team presence
🇬🇧 United Kingdom90.5%
🇵🇱 Poland2.1%
🇺🇸 United States2.1%
🇪🇸 Spain1.1%
🇦🇺 Australia1.1%
Top 5 of 7 shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Skin Analytics on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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