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Radiology AI Startup Deepc Raises $13M in Series A Extension from Sofinnova Partners and Bertelsmann  Investments 

Radiology AI Startup Deepc Raises $13M in Series A Extension from Sofinnova Partners and Bertelsmann  Investments 
deepc radiology

SUMMARY

Deepc is a radiology AI startup that raised $13 million in its extended series A funding round co-led by  Bertelsmann Investments and Sofinnova Partners. The funding round saw the participation of new and  existing investors including KHP Ventures, Winning Mindset Ventures, and SwissHealth Ventures. The startup plans to use these fresh proceeds to scale its operations and enhance its services, marketing,  and international expansion. 

The company plans to focus mainly on developing its presence in North America while expanding in  the UK market and doubling its operations in the European market. The company offers an artificial  intelligence platform to help radiology AI providers develop technologies in clinical environments through just one integration solution. The startup has secured around $30 million since its inception, this includes the recent extended series A funding round. The application enables clinicians to access  regulatory-approved artificial intelligence solutions for over 60 clinical indications. This allows  healthcare providers to benefit from the everchanging radiology AI technologies without any  operations, commercial, or technical complexity. This funding helps the company to accelerate its  growth and product strategy.  

The Partner at Sofinnoca, Simon Turner mentioned that they recognized the startup’s potential to  revolutionize AI in healthcare. He highlighted that this startup offers strong healthcare solutions and the firm invested because its vision aligns with DeepC. The startup offers a platform that provides AI  developers access to its customer base and network distribution across 30 countries. The CEO and co founder of Deepc, Dr Franz Pfister mentioned that the platform designed by the startup makes the  usage of AI technologies by organizations easier. This enables faster and accurate diagnoses leading to  positive patient outcomes. The company aims to reduce the gap between clinical practice and cutting edge AI technologies. 

The Radiology startup uses a web-based AI software framework to enable medical professionals and  AI companies to integrate the two technologies seamlessly without any complexities. The startup competes with other radiology AI companies such as Zegami and Pera Labs. The development came  just after the artificial Intelligence market saw increased investor interest in the sector. The company  wants to enable immediate access to safe and precise diagnostics for every person globally. The  artificial intelligence market is expected to reach 47.8 billion USD in the next five years. 

Conclusion: 

Deepc is a Radiology AI startup that successfully secured $13 million in its extended series A funding  round. This round was co-led by Bertelsmann Investments and Sofinnova Partners with the  participation of SwissHealth Ventures, KHP Ventures, and Winning Mindset Ventures. The company  intends to use this fresh capital to scale its operations, enhance its AI capabilities, and expand its  product portfolio internationally. The startup focuses on expanding its network in North America and  the UK market while doubling down on European markets. Deepc aims to reduce the gap between  clinical practice and cutting-edge AI technology, to provide faster and more accurate diagnoses to improve patient outcomes worldwide.

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