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Skin Analytics
AI medical device for skin cancer pathways.
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.
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
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES B✓Equity / VC | Apr 2025 | $20M | $79M | Intrepid Growth Partners | ↗ |
| GRANT✓Other financing | Jul 2023 | $0 | — | SBRI Healthcare · NHS England | ↗ |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
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.
Open positions
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
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- WHWavemaker 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- SWSeb Wallace
Triple Point Ventures
Wisconsin Investment Partners
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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