ScreenPoint Medical has raised $28 million in a Series C financing. New York-based Insight Partners led the round, with support from existing investors, including ScreenPoint Medical's founders Siemens Healthineers and Oost NL, and participation from the U.S. University Radiology Group (URG). ScreenPoint Medical is a spin-off of the Radboudumc.
ScreenPoint Medical is an AI technology company developing advanced image recognition and machine learning software to improve early detection of breast cancer. The new funding will be used by the company to accelerate the commercial growth of the company's Transpara AI software and improve the early diagnosis of breast cancer. One in eight women will develop breast cancer in their lifetime and early detection is the best way to increase survival rates. The investment will enable further research & development, as well as an expansion of the product portfolio.
Expansion in the US
"We are excited about this funding and the opportunity to work with the Insight Partners team to further scale the company," said Nico Karssemeijer, CEO of ScreenPoint Medical. "We are also pleased with URG's participation in this round, which shows confidence in the technology we are bringing to market. The practice of breast imaging is different in the US than in the EU. Collaboration with URG provides clinical expertise that is extremely valuable for further expansion in the US. This round puts ScreenPoint Medical in an excellent position to become the leading provider of AI-driven breast imaging solutions."
Source: ScreenPoint Medical
Related news items
Young Radboudumc researchers receive grant to engage in bio-medical and health research that is off the beaten path16 September 2021
The ZonMw Off Road program is once again giving young scientists the opportunity to conduct innovative research in medical and/or health care. This research is off the beaten track and aims to bring about new insights and unexpected breakthroughs for healthcare and healthcare innovation.read more
ENABLECARES launches a course on entrepreneurship for PhD candidates and postdocs15 September 2021
Are you thinking about what to do after your PhD? Want to know more about entrepreneurship? This course gives you insight in many aspects of entrepreneurship and research in industry.read more
Two million euros for improved treatment and outcomes of COVID-19 in the elderly10 September 2021
ZonMw awarded a grant of nearly two million euros to a large group of researchers to improve the outcomes of elderly people with COVID-19. The study, in which the Radboudumc also participates, provides insight into the course and treatment of COVID-19 in the elderly.read more