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14.11.2024 | Tech and Business News

AI Radiology Pioneer mediaire Raises €12 Million for Global Expansion

mediaire supports radiologists with AI-based tools during MRI reportings

mediaire suppotrs radiologists with AI-based tools during MRI reportings - © mediaire

Berlin-based healthtech company mediaire has secured €12 million in European-led financing to expand its AI-powered radiology solutions globally, according to a company press release. The funding round was led by LBO France, with participation from IBB Ventures and Swiss family office Wille Finance.

Unlike many AI applications still in experimental phases, mediaire's technology is already operational in over 350 European hospitals and clinics. The company's AI solutions assist radiologists with MRI diagnostics for brain, prostate, and knee imaging, helping to streamline workflow and improve diagnostic accuracy.

The fresh capital will enable mediaire to expand its diagnostic portfolio and scale operations. Current investors HTGF, LIFTT, and Gateway Ventures also participated in the oversubscribed round, demonstrating continued confidence in the company's growth trajectory.

"We have already created a reality that is helping doctors make better decisions and giving patients faster answers," said Dr. Andreas Lemke, CEO and co-founder of mediaire, highlighting the practical impact of their technology on thousands of radiologists daily.

The company has established partnerships with major healthcare institutions and industry leaders, including Bayer/Calantic, Sectra, and radiology chains like Med360 and RIMED/UNILABS.

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