Galeon is a company that is transforming healthcare with its Population Health Manager (PHM), utilizing its expertise in advanced Electronic Health Record (EHR) systems. Implemented in twelve French hospitals including two University Hospitals, Galeon’s software facilitates robust Medical AI development with its highly structured data approach. Pulse 2.0 interviewed Galeon co-founder and COO Matthieu Gueniffey to learn more about the company.
Matthieu Gueniffey’s Background
Matthieu has been involved in crypto and blockchain since 2012. And Matthieu said:
“Back when I was attempting to mine Bitcoin on my own computer. I crossed paths with Loïc Brotons, Galeon’s CEO and Anesthesiologist and Intensive Care Medical Doctor, over 10 years ago.”
“Loïc had a vision of integrating AI into healthcare but lacked the tools to structure the data. We initially collaborated on social media projects during the social media boom, alongside Frédéric Da Ros and Peter Bartos.”
“In 2016, Galeon was established with Loïc Brotons, Frédéric Da Ros, and Peter Bartos. Richard Mihalovic and I later joined the team. My expertise lies in marketing and business, and I also contribute my blockchain knowledge to Galeon.”
Primary Responsibilities
What are Matthieu’s primary responsibilities at Galeon? Matthieu added:
“I oversee Business, Fundraising, and the Marketing team. Galeon is a blend of a top-notch product (Electronic Health Record) and the art of selling it.”
“This involves high-level negotiations with hospitals and leveraging our community of tens of thousands of investors in our $GALEON token who follow and support us!”
Favorite Memory
What has been your favorite memory working for Galeon so far? Matthieu reflected:
“I believe it was during our ICO, our cryptocurrency fundraising event in January 2022. It was an intense period where we raised $15 million in just one month. The preparation phase lasted 3-4 months, and for one month, we had to make ourselves known to crypto investors.”
“It had its ups and downs; initially, raising the first $500,000 in the Seed round was challenging, but later, we used that capital to secure the rest—it was a make-or-break situation! It was a truly unique and exciting yet stressful experience that brought the five co-founders closer together. Subsequently, we hired about twenty people in a year.”
Core Products
What are Galeon’s core products and features? Matthieu explained:
“Galeon is an Electronic Health Record (EHR) that structures medical data. Using blockchain, it facilitates decentralized training of medical artificial intelligence while preserving patient privacy.”
“We operate within the realm of Decentralized Science (DeSci) and Artificial Intelligence. We view the $GALEON token as a powerful means to unite a community around a project and share the value created.”
“In essence, Galeon is a collaborative network involving hospitals, patients, caregivers, researchers, and innovators to improve healthcare.”
Challenges Faced
What challenges has Matthieu faced in his line of work? Matthieu acknowledged:
“Being in the Web3 sector, dealing with crypto and healthcare, we navigated the ‘bear market,’ the downward phase of cryptocurrency that is gradually recovering. This was a crucial step for us, as it’s a phase that sifts through startups in this sector.”
“In the healthcare sector, the global economic crisis is impacting hospital finances. However, since Galeon is a tool that helps hospitals generate revenue, we are experiencing hyper-growth as our software becomes not just a cost but also a potential additional income center for them.”
Evolution Of Galeon’s Technology
How has Galeon’s technology evolved since launching? Matthieu noted:
“Initially focused on AI, we quickly realized the importance of high-quality data for AI applications. We swiftly decided to create the Electronic Health Record, starting with specific niches like the mother-child unit in hospitals (which was poorly managed by historical competitors).”
“Later, we expanded to cover the entire Electronic Health Record and, finally, entered Population Health Management system. This phase allows us to equip an entire country to manage its health policy precisely.”
“Blockchain was introduced in 2021 in Galeon, as the founders were already involved in crypto. It was evident for us to incorporate this technology, leading to the discovery of significant potential in decentralized AI training, known as Blockchain Swarm Learning®.”
Significant Milestones
What have been some of Galeon’s most significant milestones? Matthieu cited:
“Our first milestone was securing our first SaaS-paying client in 2017.”
“Subsequently, we partnered with our first university hospital, Caen (Northern France), in 2021.”
“The ICO marked the beginning of the Galeon Blockchain era and decentralized AI training.”
Customer Success Stories
Upon asking Matthieu about customer success stories, he cited:
“Every deployment sees positive feedback from healthcare professionals using Galeon. I believe a video is worth a thousand words.”
Funding
After asking Matthieu about the company’s funding information, he revealed:
“As of now, we have raised $15 million in ICO with support from 40,000 people worldwide.”
Total Addressable Market
What total addressable market (TAM) size is the company pursuing? Matthieu assessed:
“Every hospital is a potential client, and the valuation of health data is a massive market ($20 billion in 2021 in USA). Therefore, the addressable market is enormous, and the data valuation market is still in its early stages.”
Differentiation From The Competition
What differentiates Galeon from its competition? Gueniffey affirmed:
“Structured data sets us apart. While everyone aims for AI, very few possess clean and well-organized data.”
Galeon already has twelve clients, including two university hospitals, with over 500,000 patient records. All data is structured, simplifying medical research, statistics, and AI training.”
Future Company Goals
What are some of Galeon’s future company goals? Gueniffey pointed out:
“Our goal is to become a collaborative network that propels medical advancements. Deploying Population Health Management at a national level would be a significant achievement. If Galeon contributes to eradicating certain diseases globally, that would be a remarkable step forward.”
Additional Thoughts
Any other topics to discuss? Matthieu concluded:
”For your information, we have our own $GALEON token (crypto), now available on the markets and accessible to everyone. This token allows you to be part of the Galeon journey, pioneering the construction of the future of medicine.”
