Total amount raised
$125.3 Millions
Latest funding date
6/1/2024
Location
Qure AI has successfully raised significant funding through multiple rounds, with the latest being a Series D. The company specializes in providing AI-powered solutions for the automated interpretation of radiology exams and ultrasound scans.
Keep reading to explore the intricacies of Qure AI's fundraising journey and the investors backing this innovative healthcare technology platform.
What Is Qure AI?
Founded in 2016, Qure AI is a healthcare technology company based in Andheri, Maharashtra, India. The company was established by Pooja Rao and Prashant Warier.
Qure AI specializes in developing AI-powered solutions for the automated interpretation of radiology exams and ultrasound scans. Their technology aids clinicians in diagnosing and treating various health conditions, making healthcare more accessible and affordable.
With a team of 101-250 employees, Qure AI continues to innovate in the field of medical imaging diagnostics, aiming to improve public health access and enable timely interventions.
How Much Funding Has Qure AI Raised?
- Series D
- Amount Raised: $65M
- Date: June 2024
- Lead Investors: 360 ONE Asset, Lightspeed Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance healthcare AI capabilities and advance radiology diagnosis services.
- Series C
- Amount Raised: $40M
- Date: March 2022
- Lead Investors: HealthQuad, Novo Holdings
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand Qure AI's global reach, particularly in the US and Europe, and to enhance product development for critical care and community diagnostics.
- Grant
- Amount Raised: £3.2M
- Date: February 2022
- Lead Investors: SBRI Healthcare
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the development of innovative healthcare solutions.
- Venture Round
- Amount Raised: $16M
- Date: February 2020
- Lead Investors: Peak XV Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's capabilities and market reach.
Total Amount Raised: $121M
Current Valuation: Not publicly disclosed
Key Investors
- HealthQuad
- Details: HealthQuad is a healthcare-focused venture capital fund that invests in innovative healthcare companies in India and other emerging markets. They aim to improve healthcare delivery and outcomes through technology.
- Investment Focus Areas: Healthcare innovation, healthcare delivery, technology-driven healthcare solutions.
- Notable Investments: Medikabazaar, THB (Technology Healthcare Big Data), ImpactGuru.
- Lightspeed Venture Partners
- Details: Lightspeed Venture Partners is a global venture capital firm that invests in the enterprise, consumer, and health sectors. They focus on early and growth-stage companies.
- Investment Focus Areas: Enterprise, consumer, health.
- Notable Investments: Snapchat, Nest, GrubHub.
- Novo Holdings
- Details: Novo Holdings is a leading international life sciences investor focused on creating long-term value. They invest in companies that develop innovative healthcare solutions.
- Investment Focus Areas: Life sciences, healthcare innovation, biotechnology.
- Notable Investments: Novozymes, Chr. Hansen, Xellia Pharmaceuticals.
- MassMutual Ventures
- Details: MassMutual Ventures is the venture capital arm of MassMutual, focusing on early and growth-stage companies. They invest in digital health, financial technology, and enterprise software sectors.
- Investment Focus Areas: Digital health, financial technology, enterprise software.
- Notable Investments: Socure, LinkSquares, Biofourmis.
- Peak XV Partners
- Details: Peak XV Partners, formerly known as Sequoia Capital India, is a venture capital firm that invests in various sectors including technology and healthcare. They focus on early and growth-stage companies in India and Southeast Asia.
- Investment Focus Areas: Technology, healthcare, consumer internet.
- Notable Investments: Byju's, Zomato, OYO Rooms.
What's Next for Qure AI?
Qure AI stands at the cusp of significant opportunities, particularly in expanding its presence in the US and Europe. With a $40 million boost, the company is poised to enhance its AI-driven medical imaging diagnostics, a market with growing demand for faster and more accurate tools. This expansion could potentially impact millions, given the increasing adoption of AI in healthcare.
Future fundraising seems likely as Qure AI continues to scale its operations and develop new products for critical care and community diagnostics. However, challenges such as navigating regulatory landscapes and facing competition from other AI healthtech firms could pose hurdles. Ensuring the reliability and accuracy of their technology will be crucial for sustained growth and market trust.
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