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Tetrate, the company born out of Istio s open source app networking project, raises $40 million – TechCrunch
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Ibex said it will use proceeds from the series B round to support an expanding customer base of clinical deployments in labs and health systems in North America and Europe and grow talent across R&D, clinical and commercial teams. The firm said the investment will also accelerate the expansion of the Galen solution portfolio at Ibex, bringing new AI tools for more tissue types, including novel AI-based enhancements of the pathology workflow and oncology-focused AI-markers. Ibex is at the forefront of digital transformation in pathology and we are committed to supporting our customers on their AI journey, said Joseph Mossel, Ibex CEO and Co-founder. Quality diagnosis is our top priority and a cornerstone of cancer care programs. I am proud of our team, demonstrating through clinical studies and, more importantly, in live clinical settings, that our AI is a game-changer in eliminating misdiagnosis and ensuring real-time patient safety. This investment will help us meet t
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Ibex Medical Analytics scores $38M to power cancer diagnostics with AI
The Israeli medtech startup fuels its North American expansion. Ibex CEO: We view AI as the next great wave of transformation in healthcare . Dor Schwartz / 9 Mar 2021 • 3 min read
The ongoing global pandemic has pushed healthcare services to the limit. From crowded hospitals to long diagnosis wait times, COVID has exposed many areas where healthcare may need a virtual hand, even in a post-COVID reality. One area where pathologists have previously struggled is in cancer diagnostics. It could be the lack of skilled personnel, backed up labs, or plain and simple, a rise in cases, but these workload issues can cause critical mishaps during the critical diagnosis process.
Ibex Medical Analytics Raises $38 Million to Accelerate Adoption of AI-powered Cancer Diagnostics in Pathology
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Ibex Medical Analytics raises $38M for its AI-powered cancer diagnostic platform
Israel-based Ibex Medical Analytics, which has an AI-driven imaging technology to detect cancer cells in biopsies more efficiently, has raised a $38 million Series B financing round led by Octopus Ventures and 83North. Also participating in the round was aMoon, Planven Entrepreneur Ventures and Dell Technologies Capital, the corporate venture arm of Dell Technologies. The company has now raised a total of $52 million since its launch in 2016. Ibex plans to use the investment to further sell into diagnostic labs in North America and Europe.
Originally incubated out of the Kamet Ventures incubator, Ibex’s “Galen” platform mimics the work of a pathologist, allowing them to diagnose cancer more accurately and faster and derive new insights from a biopsy specimen.
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