San Francisco startup dealing in cloud-based AI imaging technology raises $28M
A San Francisco startup that bills itself as the “world’s first internet platform for medical imaging” has just raised $28 million from several investment groups.
Arterys announced the capital infusion on Friday, with the lion’s share of funding coming from Benslie Investment Group and Temasek Holdings. The tech firm said it will use the dollars to broaden its cloud-based “ecosystem” for radiologists, which consolidates “the work of thousands of [artificial intelligence] models to be readily available for use by healthcare institutions,” leaders said May 29.
"The current crisis has shown us the necessity of a different approach to providing healthcare, where technology and AI are crucial for future success,” Henry Weinstein, managing partner at Benslie, said in a statement. “Arterys is committed to transforming the way AI is integrated into the medical workflow, a promise that is long due in the industry.”
Arterys had already raised tens of millions of dollars in previous capital investment, according to published reports. Its core products include the Cardio AI and Lung AI that use deep learning and cloud supercomputing to aid physicians in their daily diagnostic duties. The company has secured seven clearances for its products from the U.S. FDA, according to the announcement.
Marty Stempniak has covered healthcare since 2012, with his byline appearing in the American Hospital Association's member magazine, Modern Healthcare and McKnight's. Prior to that, he wrote about village government and local business for his hometown newspaper in Oak Park, Illinois. He won a Peter Lisagor and Gold EXCEL awards in 2017 for his coverage of the opioid epidemic.