Healthcare startup Qure.ai announced on Thursday that it had raised $16 million
in a funding round led by Sequoia India.
MassMutual Ventures Southeast Asia, US-based life insurer MassMutual's investment arm, also participated in the game. Qure.ai, founded in 2016 by Prashant Warier and Pooja Rao, specializes in interpreting radiology scans within seconds, significantly reducing the time to treatment during critical moments of care.
The company claims to be the only solution in the industry capable of detecting every critical brain marker on a head Computed Tomography (CT) scan, including five types of intracranial hemorrhages, cranial fractures, infarcts, midline shift, and mass effect for tumor detection.
Qure.ai was initially incubated in Fractal Analytics, valued at over $500 million. The startup operates in more than 20 countries and has a database of over seven million scans.
Prashant Warier, CEO of Qure.ai, emphasized the impact of their products in delivering life-saving treatments, even in remote locations, by significantly reducing the time required for traditional scan interpretation.
The latest funding round will enable the company to invest further in research and development and expand the reach of its solutions, aligning with its mission of providing accessible and affordable healthcare.
Anjana Sasidharan, Principal at Sequoia, highlighted the potential of Qure.ai's algorithms and predictive analytics tools, along with their team of data scientists and physicians, positioning the company favorably among its global competitors in medical imaging.