A healthcare-focused artificial intelligence startup has closed a $340 million Series C funding round, one of the largest raises in the digital health sector this year. The company's platform uses machine learning to analyze medical imaging and accelerate diagnostic workflows.
Investors cited the startup's FDA-cleared algorithms and partnerships with over 200 hospital systems as key factors in the funding decision. The capital will be used to expand into new imaging modalities and international markets.
The raise underscores continued investor appetite for AI applications in healthcare, a sector where automation promises to address critical staffing shortages and improve patient outcomes.
