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Top AI stories of the year

January 11, 2023
Artificial Intelligence
From the November 2022 issue of HealthCare Business News magazine

Aidoc poised to expand AI beyond radiology via $110 million funding round

In June, AI software developer Aidoc announced it raked in $110 million in a Series D investment round that will go toward expanding its AI Care Platform throughout the entire hospital enterprise.

Founded in 2016, Aidoc designs AI-based software to detect and alert radiologists to critical issues found on CT and X-ray scans, to help triage and prioritize cases. Its AI Care Platform has 15 FDA-cleared clinical applications, including for stroke, pulmonary embolism and brain hemorrhages.

This latest round brings the company’s total funding to $250 million, which it will use to make its platform a tool to help various healthcare professionals as they grapple with challenges created by staff and supply shortages and rising prices.

The round was co-led by global investors TCV and Alpha Intelligence Capital, with participation from AIC’s co-investor CDBI Capital. “Our aim is to massively ramp up our AI Care Platform to cover both the various hospital medical service lines and the depth of integration into the clinical workflows, empowering hospitals to activate cross-specialty care teams and deliver the best quality of care in a scalable, efficient way to patients,” said Elad Walach, CEO of Aidoc, in a statement.

The company previously raised $27 million in 2019, followed by $47 million in 2020 and $66 million in 2021.

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