Qure.ai, a Mumbai, India-based healthcare AI company, raised $16M in funding.
The round was led by Sequoia India with participation from MassMutual Ventures Southeast Asia (SEA).
The company intends to use the funds to drive geographical expansion, expand product portfolio and support regulatory clearances.
Founded in 2016 by Prashant Warier and Dr. Pooja Rao, and incubated by Fractal, Qure.ai is a healthcare AI startup which has presence in over 20 countries. Using artificial intelligence developed on a database of over 7 million scans, its solutions provide accurate interpretations of radiology scans within seconds, reducing time to treatment in the critical moments of care. The solutions, all CE certified, detect every critical brain abnormality on a head CT including five types of intracranial hemorrhages, cranial fractures, infarcts, midline shift, and mass effect (for tumor detection). Qure.ai’s chest X-ray automation and interpretation solution (qXR) interprets chest X-rays to help automatically generate chest X-ray interpretation reports, detect tuberculosis, chronic obstructive pulmonary diseases, lung malignancies and medical emergencies like lung collapses and cardiac disorders.
The company has U.S. operations in San Francisco and New York.