Startup Funding Alert: Berlin's DeepSpin raises seed funding for its 'portable, ultra-low-cost' MRI system

#startups #medicaltechnology #medicaltech #diagnostictech #healthtech #mri #medicalscanners #forabettertomorrow #affordablehealthcare #ai #artificialintelligence

DeepSpin, a Berlin-based startup co-founded by Clemens Tepel, a former McKinsey consultant, and Pedro Freire Silva, a PhD researcher from KIT, that is developing what it describes as a “next-generation, AI-powered MRI imaging machine,” has raised €600,000 in seed funding.

Backing the round is APEX Digital Health, with participation from existing investors Entrepreneur First (EF) and SOSV, along with a number of unnamed angel investors. Including grants and earlier investments, it brings the total raised to €1 million pre-launch.

Yet-to-launch and still in the development phase, DeepSpin aims to build a new type of MRI system at a “fraction of the cost, weight and size” of existing systems. To make this possible, the startup has developed a new antenna technology combined with AI-controlled operation, which the startup is currently patenting.

It is very happy to note that they are removing all of the constraints with traditional MRI scanners, based on their proprietary technology, making MRI universally accessible for any patient, anywhere in the world.

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Berlin's DeepSpin raises seed funding for its 'portable, ultra-low-cost' MRI system

DeepSpin, a Berlin-based startup that is developing what it describes as a "next-generation, AI-powered MRI imaging machine," has raised €600,000 in seed funding. Backing the round is APEX Digital Health, with participation from existing investors Entrepreneur First (EF) and SOSV, along...

Startup Funding Alert: Capital raises $9M for its AI-based 'capital as a service' funding platform for startups

#startupfunding #capitalasaservice #CaaS #startupideas #debtfunding #AI #artificialintelligence #SaaS

Capital, which has built an AI-based platform called the “Capital Machine” , a Capital As A Service platform, that ingests details about a company to provide tips on how to optimise it and then provides non-dilutive financing for it, has raised a further $9 million. The startup was co-founded by Blair Silverberg, the CEO with Csaba Konkoly and Christopher Olivares.

The idea was to use the advances of AI, software-as-a-service and the surge of interest in fintech and running financial services online to build something that could give founders and CFOs of smaller startups an alternative to consider, which could be a win-win for financiers and those getting funded.

Thousands have already tapped the Machine for insights, which are free to get (indeed the data is helpful for the Capital Machine regardless as it continues to learn more about businesses each time it gets used). But in practice, the pool of those taking loans is smaller and typically splits 50/50 between those that are taking Capital debt to meet all of their funding requirements, and those that are taking it in combination with other kinds of financing, including equity funding.

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Capital raises $9M for its AI-based 'capital as a service' funding platform for startups

In 2019, in the US alone, more than 10,000 startups raised more than $133 billion in venture funding, with a large proportion of that equity investments. Today, a company building a platform to help startups consider alternative routes to financing - specifically less dilutive options that gi...

Startup Success: Hyderabad based startup Arvi has built AI thermal kiosks for contactless COVID-19 screening

#covid19 #screener #scanners #ai #artificialintelligence #healthtech #startuphyderabad #startuptelangana #kiosks #thermalscreening

Hyderabad-based healthtech startup arvi has reinvented itself and developed #AI thermal kiosks for COVID-19 screening

Founded in July 2019 by Indian Institute of Technology, Bombay alumni Sushant Reddy and his friend Avinash Lavangal, the startup initially came up with a platform to help senior citizens with its smart medical alert system. It enabled senior citizens to access emergency and non-emergency medical assistance at their doorstep at the push of a button.

However, the COVID-19 pandemic has provided a new opportunity for the startup. It has developed an unmanned contactless thermal scanning kiosk using AI technology with deep learning to combine facial recognition and thermal screening. It can detect people with high temperatures as well as those violating requirements to wear masks.

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Pivot and Persist: this startup has built AI thermal kiosks for contactless COVID-19 screening

The coronavirus pandemic has posed challenges as well as opportunities for healthcare startups in India. According to IBEF, the healthcare sector in India is one of the largest and fastest growing sectors, and has seen rapid transformation on the backdrop of technological advancements in the recent past.

Startup Funding Alert: French-American AI startup Owkin closes $18 million Series A to make medical research more collaborative - Tech.eu

#startups #fundingalert #startupfunding #medicalresearch #researchtech #pharmaceuticalsciences #ai #artificialintelligence #ml #machinelearning #biotech

Owkin, a French company applying machine learning to medical research, has secured $18 million in funding from Mubadala Capital and Bpifrance, through the bank’s Large Venture fund. This Series A extension brings the startup’s total amount raised to $70 million.

The AI platform connects data scientists, clinicians, academic researchers and pharmaceutical companies to create global datasets and encourage collaborative research, all the while protecting patient data within a hospital’s local infrastructure. This ‘medical research ecosystem’ consists of four tools: Owkin Loop (the network), Owkin Connect (the technology infrastructure), Owkin Studio (the AI software tool) and Owkin Lab (the expertise).

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French-American AI startup Owkin closes $18 million Series A to make medical research more collaborative - Tech.eu

Owkin, a French company applying machine learning to medical research, has secured $18 million in funding from Mubadala Capital and Bpifrance, through the bank's Large Venture fund. This Series A extension brings the startup's total amount raised to $70 million. The AI platform connects data scientists, clinicians, academic researchers and pharmaceutical companies to create global ...