Funding in imaging AI companies surpasses $1.2B
Companies developing imaging solutions powered by AI raised nearly $580 million in 2018, according to a report from Signify Research. That figure is more than double the $270 million raised in 2017.
Since 2014, these businesses have raised more than $1.2 billion. Eighty-four companies have disclosed their funding during that time, averaging $14.4 million in funding per company. Excluding HeartFlow’s $476.6 million in investments, the other 83 companies averaged $9.2 million in funding.
The report also found that angel funding, seed funding and Series A funding declined in 2018, though Series B funding and other later-stage deals saw a significant increase.
“In 2018, investors started to focus more on mid- and later-stage deals, suggesting that the sector is maturing, although the number of early-stage deals was still higher.” Simon Harris, principal analyst for Signify Research, said in the report.
The report is available on Signify Research’s website.
Michael has more than 18 years of experience as a professional writer and editor. He has written at length about cardiology, radiology, artificial intelligence and other key healthcare topics.