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  • $20M financing round to fuel growth at imaging company with technology for spine

    $20M financing round to fuel growth at imaging company with technology for spine

    Alan Condon -  

    Aidoc, an artificial intelligence-powered medical imaging company, has raised $20 million in a series B financing round, Venture Beat reported Sept. 16.

    The investment brings the total capital raised by Aidoc to $60 million, which it will use to expand through sales and customer access.

    Last year, the company received FDA 510(k) clearance for its AI solution to triage cervical spine fracture patients. It has received six FDA clearances in total.

    Aidoc has tripled its revenue since the start of the year. Its imaging technology, with a 96 percent accuracy rate, has reduced turnaround by 32 percent for critical cases, according to the report.

    More than 400 medical centers are using the company's technology, including Yale New Haven (Conn.) Hospital, University of Rochester (N.Y.) Medical Center and Cedars-Sinai Medical Center in Los Angeles.

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