Qure.ai — a company that uses artificial intelligence for medical image diagnostics — has raised $40 million in a funding round led by Novo Holdings and HealthQuad. MassMutual Ventures also participated in this round. The company will use the latest funding to further strengthen its global reach, especially in the United States of America (USA) and Europe. The company also wants to further intensify product development for critical care and community diagnostics.
The gateway are the x-ray machines, the computed tomography (CT) scan machines, ultrasound machines and others that collect the inputs from the healthcare centres and transfer it to the cloud. The API, then, scans, processes, and creates a radiology report based on their algorithm. The report is then sent to the patients and the doctors directly. Notably, the company anonymises all the data before sending it from gateway to API to maintain users’ privacy. Qure’s AI solutions are FDA-approved, CE-certified, and evaluated by the World Health Organization (WHO).