This week’s episode of “WisBusiness: the Podcast” is with returning guest Nick Myers, CEO and co-founder of RedFox AI.
Myers provides an update on the Madison-based startup, which is developing a conversational artificial intelligence platform that can help users with home diagnostic tests and medical devices.
He was recently recognized in the 23rd annual Best of Madison Business Awards by Madison Magazine, which named him as the recipient of this year’s Brian Howell Excellence in Innovation award.
“Was completely humbled, excited, all of the above,” Myers said. “And yeah, it just feels great to know that the community is behind us … and everybody does believe in the technology solution we’re bringing to market to help improve home diagnostics and patient engagement in health care.”
Since coming on the show last year, Myers landed two new customer contracts and is hoping to close on some additional opportunities by the second quarter of this year.
“At least for the first time really since we started RedFox, we’re starting to get some great customer traction, which is amazing,” he said. “And the next goal is to execute on those customer contracts to really get our solution out into the marketplace.”
Myers previews a coming announcement about a potential investment from a Wisconsin-based venture capital firm, and discusses some challenges facing RedFox AI and many other startups in the current investment landscape.
“We’ve turned over a lot of the stones in Wisconsin and even to some degree in the Midwest, so I’m not going to be shy about saying, I think moving forward a lot of our efforts is going to be focused outside of the Midwest, whether that be on the West Coast, East Coast,” he said.
The podcast also explores the latest developments in the AI space, and Myers shares his perspective on where the technology is going and how potential regulations could affect that trajectory.
“A lot has happened in the last year,” he said. “Even from when Brett, my co-founder, and I entered the AI space back in 2017, just the amount of transformation that’s taken place in five, six years has been really astounding to watch.”
Listen to the podcast below, sponsored by UW-Madison:
