PathAI raises $60 million for AI pathology and diagnostic tools

PathAI, a startup that employs machine learning techniques to improve diagnostic accuracy, today announced that it's raised $60 million in series B funding led by growth equity firm General Atlantic, with General Catalyst participating. It brings its total venture capital raised to about $75 million, following an $11 million series A financing round, which CEO and cofounder Dr. Andy Beck said will be used to enhance PathAI's existing offerings, drive improvement of its platform, and fuel research and development into new tools and devices. "Our goal has been clear since day one – a relentless drive to ensure patients get the right diagnosis and the most effective treatment. We're looking forward to working with our partners to scale this effective approach across disease areas and around the world," Beck said. "The global network and deep expertise in technology and life sciences brought by General Atlantic, alongside the continued support of existing investors like General Catalyst, can only enhance our ability to effect change toward this major, impactful objective."