California-based Rad AI, a generative AI radiology workflow company, has secured $60 million in an oversubscribed Series C funding round, which brings the company's total raise to more than $140 million and bumps up its valuation to $525 million.
Transformation Capital led the round with participation from existing investors Cone Health, World Innovation Lab, Khosla Ventures, Kickstart Fund,...
Hong Kong-based startup PanopticAI has obtained regulatory approval in the United States for its contactless pulse rate measuring application.
It received the US Food and Drug Administration's 510(k) clearance for the PanopticAI Vital Signs app on iOS devices.
Based on PanopticAI's proprietary remote photoplethysmography (rPPG) algorithms, the app transforms the cameras of iOS devices into...
Manas AI, an AI-driven drug discovery platform, has launched with $24.6 million in seed round in a round coled by General Catalyst and LinkedIn cofounder Reid Hoffman.
Greylock and other strategic investors participated in the round.
LinkedIn cofounder Reid Hoffman and Dr. Siddhartha Mukherjee, an oncologist, researcher and author, founded Manas AI.
WHAT IT DOES
Manas AI is a drug discovery...
Boston Consulting Group's Ashkan Afkhami, managing director and senior partner and global leader of healthcare at BCG X, sat down with MobiHealthNews outside of the JPM Healthcare Conference to discuss the strengths and weaknesses of America's health system – and his take on the importance of trust, governance and iterative development with the rise of AI adoption.
MobiHealthNews: Where does the...
At a press conference on Tuesday, President Donald Trump announced the formation of Project Stargate, an at least $500 billion investment to build the physical and virtual infrastructure to power AI construction, including "colossal data centers" and campuses nationwide in America, with one of its goals to improve health outcomes.
Trump announced Stargate alongside three partners of the project:...
Absci, a data-first generative AI drug-creation company, is partnering with AMD, a semiconductor company, to deploy AMD Instinct accelerators and ROCm software to power vital AI drug-discovery workloads, as well as Absci's advanced De Novo antibody-design models.
In addition, AMD is making a $20 million investment in Absci. The investment will be structured as a private investment in public...
On his first day in office of his second term, President Donald Trump revoked Joe Biden's 2023 executive order, which aimed to establish standards for the safe, secure and trustworthy development of AI across various sectors, including healthcare.
Among its many provisions, Biden's order directed the U.S. Department of Health and Human Services (HHS) to establish a safety program "to help ensure...
Cornerstone Robotics bags $70M Series C funding
Surgical robotics maker Cornerstone Robotics from Hong Kong has raised over $70 million in a Series C funding round led by EQT. It also received additional investment from the Hong Kong government's Innovation and Technology Venture Fund.
The company, established in 2019, will use its fresh funds to expand into key global markets in Europe and...
At a Boston Consulting Group (BCG) event in San Francisco during the JPM Healthcare Conference taking place this week, panelists discussed the government's role in advancing AI technology and government oversight of the technology with the changing administration.
Micky Tripathi, assistant secretary for technology policy, national coordinator for health IT and chief AI officer for the U.S....
Researchers from The Chinese University of Hong Kong and Beijing Tongren Hospital have developed a foundational AI model for automated eye disease diagnosis.
WHAT IT'S ABOUT
The generative AI model, VisionFM, was pre-trained on a large ophthalmic data cohort containing 3.4 million images from over 500,000 individuals worldwide. The pre-training dataset covers eight eye imaging modalities,...
