Qure.ai raises $40 Million from healthcare investors

The funding will accelerate the AI-driven healthcare company’s market expansion into the global market and support new product development.

They are happy to announce that they have secured $40 million in a funding round led by Novo Holdings and HealthQuad, supported by existing investor Mass Mutual Ventures. They will use the new investment to extend and strengthen global reach, especially in the US and Europe, and intensify product development for critical care and community diagnostics.

They have created a niche with advanced technology that reads and interprets medical images like X-rays, CTs, and Ultrasounds in less than a minute, making equitable and high-quality healthcare a reality across the globe. Their AI solutions are FDA–approved, CE–certified, and evaluated by the World Health Organization.

Their automated medical imaging tools can shorten the time to diagnosis while enabling physicians to triage medical cases more effectively, especially in time-sensitive situations. This helps healthcare providers identify critical scenarios within minutes — versus hours — to avert fatalities and improve the quality of patient care. In other settings, where adequate, skilled specialists may not be available, technology is used as the first level of screening for many infections and non-communicable

Dr. Amit Kakar, Senior Partner, Head of Novo Holdings Equity Asia, said:

“We are very pleased to join the outstanding team at Qure.ai and to contribute to their efforts of providing world-class AI solutions in the imaging space, for the benefit of patients worldwide. Qure.ai is at the forefront of transforming diagnostics in both acute and chronic ailments, which is fully aligned with our mission of advancing high-quality and accessible healthcare using innovation and digitization. Further, we are excited to connect Qure.ai to our portfolio partners as we see several promising synergies.”

Novo Holdings is a world–leading healthcare and life sciences investor with a focus on creating long-term, sustainable value. Headquartered in Copenhagen, with offices in San Francisco, Boston, London, and Singapore, Novo Holdings has a portfolio of more than 150 companies.

Charles – Antoine Janssen, Chief Investment Officer, HealthQuad said:

“We are thrilled to be part of the Qure team. Their world-class AI technologies adhere to the most stringent international standards, and have made high-quality, accessible care a reality. We remain committed to collaborating with innovative firms that work to improve global healthcare infrastructures.”

“It’s no accident that Qure is one of the leading startups thriving in the health tech sector. Through noteworthy collaborations with ministries of health and government entities like the NHS, pharmaceuticals like AstraZeneca, and international advocacy groups like StopTB, amongst others, Qure has already built a network of global commercial partnerships. The pandemic has also accelerated the shift to digital transformation, and we are proud to back their growth,”

added Ajay Mahipal, Director, HealthQuad.

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