Funding for medical imaging AI companies tops $1.2B

Companies developing machine-learning solutions for medical imaging have received more than $1.2 billion in capital investments since 2014, according to a report by Signify Research.

Investments in medical imaging AI companies have grown significantly since 2017, when total investments reached $270 million. In 2018, total investments reached $580 million.

More than 120 companies are currently developing machine-learning solutions for medical imaging, and 75 of them entered the market at the start of 2015. Heartflow, a medical technology company focused on cardiovascular disease, received $240 million investments in 2018 and a total of $476.6 million in funding between 2014 to 2018.

Top funded medical imaging AI companies from 2014 to 2018 included:

  • VoxelCould, $80.5 million in funding
  • Infervision, $73.1 million in funding
  • Deepwise, $50.6 million in funding
  • Zebra, $50 million in funding
  • Arterys, $42.5 million in funding

Breast imaging, cardiovascular imaging, general imaging, lung imaging and neurology imaging were the top funded specialties, according to the report.