Proceeds from the investment round will be used by the company to hire the most experienced team in healthcare technology, build the healthcare industry's most advanced, AI-driven diagnostic imaging platform
Fremont, CA:Digital health innovation company Braid Health secured USD 9 million in Series A and Seed funding rounds of financing led by Lux Capital, with participation from Venture capital firms 01 Advisors, formed by top Twitter executives Dick Costolo and Adam Bain, and Rucker Park Capital. Braid Health combines AI-powered diagnostics with board-certified radiologists to unlock the next generation of augmented radiology. Whereas imaging technology can be slow, cumbersome, and challenging to share with patients, Braid Health offers urgent care centers, health systems, and retail pharmacies an AI-powered, end-to-end teleradiology platform built from the ground up with speed, accuracy, security, and mobility in mind.
"At Lux Capital, we invest at the outermost edges of what is possible," says Zavain Dar, partner at Lux Capital and Braid Health board member. "Kevin Quennesson and Alessandro Sabatelli founded Braid Health to challenge the status quo in medical imaging and diagnostics at a time when a growing aging population is straining the ability of teleradiology firms and urgent care centers to meet patient demand. We are excited to support their innovative approach to delivering nearly instant access to the best possible imaging diagnostics in the world."
Proceeds from the investment round will be used by the company to hire the most experienced team in healthcare technology, build the healthcare industry's most advanced, AI-driven diagnostic imaging platform. The funds will also allow the company to develop the Braid Network, a technology platform connecting a virtual network of healthcare specialists to improve care delivery and drive cost out of the system.
"Since our founding in 2018, Braid Health has been committed to delivering expert diagnosis at significantly lower costs and faster turnaround times," said Kevin Quennesson, CEO and co-founder of Braid Health. "Today, as we reinvent the imaging experience and enhance diagnostic accuracy by bringing expanded capabilities to market, we are honored to have the support of visionary investors who believe in our mission of universal access to medical expertise."