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.

This week Aidoc announced that they have raised $110 million in their Series D expansion round. This round of funding was co-led by TCV and Alpha Intelligence Capital with participation from CDIB Capital. Funding raised in this round will go toward expansion of Aidoc's first of its kind AI Care Platform. The platform offers health systems a singular platform solution designed to help doctors manage the entire patient lifecycle--from diagnostic aid, to consultation, to suggested treatment paths, to patient follow-up tools. In clinical studies, this platform has proven to reduce turnaround time, shorten patient length of stay and improve patient outcomes.

Aidoc, which bills itself as an AI solutions provider for radiologists, today closed a $20 million extension to the series B it raised in April 2019, bringing the round total to $47 million and the company's total raised to $60 million. Cofounder and CEO Elad Walach says the money will be used to support new customers after revenue tripled from the beginning of 2020. Computer vision holds promise for the $6.5 trillion medical diagnostics industry, as highlighted by a 2018 paper in the journal Nature that found that some algorithms can identify skin cancer as accurately as a panel of doctors. For instance, Sight Diagnostics uses machine learning algorithms to perform point-of-care complete blood count (CBC) tests within 10 minutes with no more than a pinprick of blood. Aidoc got its start in 2016, when veterans of the Israeli Defense Force put their heads together to create an AI platform targeting certain health care verticals.