Collaborating Authors

Life Image, RapidAI partner on stroke technology


Medical image-sharing technology developer Life Image and artificial intelligence (AI) software developer RapidAI have teamed up to accelerate the adoption of stroke technology at hospitals. The partnership will combine RapidAI's cerebrovascular imaging analysis with Life Image's Network Access cloud-based network of trauma hospitals and referral sites. Working together aims to ensure that organizations that would benefit from stroke imaging get the tools they need, according to the companies.

Innoviti Enhances Esop Pool to Us $10 Million


"Great companies require great teams, and great teams need exceptional talent. We love to spot and nurture talent that demonstrates outstanding levels of commitment, curiosity, and capability. While for these people their joy is their high in discovering and solving tough problems, ESOPs are one other way to make their contributions to the company worthwhile for them. As a start-up our team members fight against several odds to create successes. It is a difficult journey and its moving to see how some people relentlessly drive this fight, dedicating their time, often way beyond office hours, to leap over hurdles and create phenomenal successes. ESOPs are a small token to make those victories that much sweeter. Our shares have been quite liquid, and over the years several of our team members have sold their shares to fulfill their dreams. When we hear stories from our former team members of how they used this wealth to build their home, buy a car or even start their own business, the real purpose of ESOPs comes alive – to enable employees to fulfill their dreams, as they help the company fulfills its. We are very thankful to our investors who have supported the company time and again in not only expanding the ESOP pool, but also making it accessible and attractive for team members to see meaningful benefits during their journey at Innoviti," said Mr. Rajeev Agrawal, CEO, Innoviti.

Promaxo Raises $4.17 Million for AI-Powered Medical Imaging Platform - Mercom Capital Group


Promaxo, an AI-powered medical imaging enhancement platform, announced the closing of an investment round of $4.17 million led by Huami. The medical technology company plans to use the new funds to accelerate its data strategy as it continues to incorporate artificial intelligence in imaging and image-based interventions. Using a combination of linear and genetic optimization algorithms, the company's medical imaging system forms the magnetic field within the field of view to maintain linearity and uniformity constraints while being thermally stable, the company said. "As an industry, we are just scratching the surface of how powerful MRI is poised to become in guided interventions, and we are proud to have Huami as a strategic investor as we introduce our truly open MRI system to the masses," said Dr. Amit Vohra, founder, and CEO of Promaxo. "Huami's mission is to connect health with technology, and we see tremendous opportunity in imaging to expand our growth opportunities. Companies such as Promaxo are disrupting the locations, applications, and costs of medical imaging. Huami has resources, such as miniaturization engineering expertise, that can help accelerate Promaxo's scaling, growth, and success, and we look forward to what our partnership can develop," said Huami Chief Operating Officer Mike Yeung.

Aidoc raises $110M to expand AI-enabled imaging platform


AI-enabled imaging company Aidoc scooped up $110 million in a Series D funding round. The round was led by TCV and Alpha Intelligence Capital with participation from AIC's co-investor CDIB Capital. The investment, which comes nearly a year after the startup announced its $66 million Series C, brings Aidoc's funding pot to $250 million. Aidoc offers tools that help radiologists find and triage injuries and health conditions based on imaging results. It also provides coordination software for stroke and cardiovascular care, alerting relevant members of the care team and sharing data and images.