Valeo Health, a healthtech company that specializes in AI-driven personalized healthcare, has raised US$12 million in its series B funding round.

This funding increases the company’s total financial backing to US$20 million.

The latest round was led by Flintera and included contributions from existing investors Nuwa Capital, FJ Labs, Oryx, and Mindshift Capital. New investors Oraseya and Eirad also participated in the round.

Valeo plans to allocate the funds to expand its services in Saudi Arabia, the UAE, and other Gulf Cooperation Council (GCC) countries.

Valeo Health was founded by Sundeep Sahni, who previously co-founded Lazada Indonesia, as well as Nadine Karadag and Ankur Majumder. The company provides at-home healthcare services and personalized treatment plans through AI technology.