We are discussing the Radiology AI Startup Deepc Secured $13 Million from Sofinnova Partners and Bertelsmann Investments in an Extended Series A Round:
Deepc is a radiology AI startup that raised $13 million in its extended series A funding round, co-led by Bertelsmann Investments and Sofinnova Partners. The round saw the participation of new and existing investors, including KHP Ventures, Winning Mindset Ventures, and SwissHealth Ventures. The startup plans to use these fresh proceeds to scale its operations and enhance its services, marketing, and international expansion.
The company plans to focus mainly on developing its presence in North America while expanding in the UK market and doubling its operations in Europe. The company offers an artificial intelligence platform to help radiology AI providers develop technologies in clinical environments through just one integration solution. The startup has secured around $30 million since its inception. This includes the recent extended series A funding round. The application enables clinicians to access regulatory-approved artificial intelligence solutions for over 60 clinical indications. This allows healthcare providers to benefit from the everchanging radiology AI technologies without any operations, commercial, or technical complexity. This funding helps the company to accelerate its growth and product strategy.
The Partner at Sofinnoca, Simon Turner, mentioned that they recognized the startup’s potential to revolutionize AI in healthcare. He highlighted that this startup offers strong healthcare solutions, and the firm invested because its vision aligns with DeepC. The startup offers a platform that provides AI developers access to its customer base and network distribution across 30 countries. The CEO and co-founder of Deepc, Dr Franz Pfister, mentioned that the platform designed by the startup makes the organization’s use of AI technologies easier. This enables faster and more accurate diagnoses, leading to positive patient outcomes. The company aims to reduce the gap between clinical practice and cutting-edge AI technologies.
The Radiology startup uses a web-based AI software framework to enable medical professionals and AI companies to integrate the two technologies seamlessly without any complexities. The startup competes with radiology AI companies, such as Zegami and Pera Labs. The development came just after the artificial Intelligence market saw increased investor interest in the sector. The company wants to enable immediate access to safe and precise diagnostics for every person globally. The artificial intelligence market will reach 47.8 billion USD in five years.
Conclusion
Deepc is a Radiology AI startup that secured $13 million in its extended series A funding round. This round was co-led by Bertelsmann Investments and Sofinnova Partners with the participation of SwissHealth Ventures, KHP Ventures, and Winning Mindset Ventures. The company intends to use this fresh capital to scale its operations, enhance its AI capabilities, and expand its product portfolio internationally. The startup focuses on expanding its network in North America and the UK while doubling down on European markets. Deepc aims to reduce the gap between clinical practice and cutting-edge AI technology to provide faster and more accurate diagnoses and improve patient outcomes worldwide.
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