Qure.ai raises $40 Million from healthcare investors Novo Holdings and HealthQuad
Summary
The funding will accelerate the AI-driven healthcare companys market expansion into the global market and support new product development COPENHAGEN, Denmark and MUMBAI, India and NEW YORK, March 29, 2022 /PRNewswire/ -- Qure.ai (Qure) one of the leading health tech firms using Artificial Intelligence (AI) for medical imaging diagnostics, today announced that it has secured $40 million in a funding round led by Novo Holdings and HealthQuad, supported by existing investor MassMutual Ventures. Dr Amit Kakar, Senior Partner, Head of Novo Holdings Equity Asia, said: "We are very pleased to join the outstanding team at Qure.ai and to contribute to their efforts of providing world-class AI solutions in the imaging space, for the benefit of patients worldwide. Through noteworthy collaborations with ministries of health and government entities like the NHS, pharmaceuticals like AstraZeneca, and international advocacy groups like StopTB, amongst others, Qure has already built a network of global commercial partnerships. Qure.ai is a breakthrough Artificial Intelligence (AI) solution provider that is disrupting the radiology status quo by enhancing imaging accuracy and improving health outcomes with the assistance of machine-supported tools. Qure.ai taps deep learning technology to provide automated interpretation of radiology examinations like X-rays, CTs, Ultrasounds and MRI scans for time and resource-strapped medical imaging professionals—enabling faster diagnosis and speed to treatment.