Qure.ai gets Rs 300 crore from Novo Holdings and HealthQuad to expand market
Qure AI announced that we have secured $40 million in a funding round led by Novo Holdings and HealthQuad, supported by existing investor Mass Mutual Ventures.
New Delhi: The funding will accelerate the AI-driven healthcare company's market expansion into the global market and support new product development.
Qure AI announced that we have secured $40 million in a funding round led by Novo Holdings and HealthQuad, supported by existing investor Mass Mutual Ventures. We will use the new investment to extend and strengthen our global reach, especially in the US and Europe, and intensify product development for critical care and community diagnostics.
We have created a niche for ourselves with advanced technology that reads and interprets medical images like X-rays, CTs, and Ultrasounds in less than a minute, making equitable and high-quality healthcare a reality across the globe. Our AI solutions are FDA approved, CE certified, and evaluated by the World Health Organization.
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Our automated medical imaging tools can shorten the time to diagnosis while enabling physicians to triage medical cases more effectively, especially in time-sensitive situations. This helps healthcare providers identify critical scenarios within minutes — versus hours — to avert fatalities and improve the quality of patient care. In other settings, where adequate, skilled specialists may not be available, our technology is used as the first level of screening for many infections and non-communicable.
Novo Holdings is a world leading healthcare and life sciences investor with a focus on creating long-term, sustainable value. Headquartered in Copenhagen, with offices in San Francisco, Boston, London, and Singapore, Novo Holdings has a portfolio of more than 150 companies.
HealthQuad is India's leading digital health-focused venture capital fund with assets under management of USD 200 Mn across two funds. Its focus is to nurture innovative models which radically improve healthcare access and affordability by leveraging technology.
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