Announces Completion of $1.7 Million Seed Round
Summary
AI Metrics further bolstered its capital position with an in-kind equity investment from its software development partner, Innolitics, and was also recently awarded a Phase I research grant from the National Science Foundation. Radiologists and oncologists strongly favored the AI Metrics platform and reports over existing systems, noting significantly faster patient analyses, higher accuracy, and 99% error reduction. “We’re extremely proud of the confidence placed in us by our investors, partners, and the National Science Foundation,” said company founder Andrew Smith, MD PhD. “AI Metrics is an outgrowth of my frustration at the lack of cutting-edge technology to reduce major errors and improve accuracy, efficiency and standardization in radiologic imaging and reporting. In addition to Smith, the Company’s progress from day one has been driven by a small but highly skilled team, including COO Bob Jacobus, Product Manager Paige Severino, and software engineers from Innolitics.