Fimmic Raises $6M Series A Round to Accelerate Scaling of its Deep Learning AI Cloud for Tissue Diagnostics

| December 11, 2017

Investments in the millions of dollars for Series A funding continue to interest investors for AI in digital pathology. The most recent news coming from Fimmic out of Finland and their $6M raise most recently bringing their total to $11M. Congratulations to Fimmic!

Fimmic, a Finnish medtech company developing Deep Learning AI solutions for digital pathology, announced earlier this month that it has closed a $6M investment round to accelerate scaling of its WebMicroscope® AI Cloud for tissue diagnostics. Led by a new investor Ascend Capital Partners, the round brings Fimmic’s total raised funds to $11M.

Fimmic’s WebMicroscope is the first-in-class cloud platform that supports pathologists and medical researchers in tissue analytics using deep learning AI. WebMicroscope® AI Platform brings together Deep Learning -based Image Analysis and high-performance cloud computing. As a result, it enables rapid automation of complex image analysis tasks that have not been possible with conventional methods. Fimmic’s WebMicroscope was recently nominated as the winner of the Innovation Award for Artificial Intelligence-based Digital Pathology Solution by Frost & Sullivan.

“Our AI algorithms have been successfully used in various applications ranging from cancer research to drug development projects on Parkinson’s disease and liver diseases,” says Kaisa Helminen, CEO of Fimmic. “The results are extremely promising and our technology has received great interest from various industries and application areas. With this investment we are now able to grow the team, expand our marketing actions and launch our local activities in the US market,” she concludes.

“Artificial Intelligence (AI) holds great potential in several fields of medicine, including tissue diagnostics,” says Monita Mo, CEO of Ascend Capital Partners. “We are excited to offer our experience and contact network to support Fimmic in their global expansion.”

WebMicroscope Image Analysis runs on-demand on whole-slide images in a cloud computing environment. The subscription is fast and easy to set up from a user perspective, as the need for local software and hardware installation is removed and the solution can immediately be scaled to projects of any size.

Contact us to start an image analysis project of your own!

WebMicroscope AI Cloud is currently sold with a research use status.

Source: Fimmic

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Category: Artificial Intelligence, Clinical Laboratories, Clinical Pathology, Data Management, Digital Pathology News, Electronic Medical Records, File format, Image Analysis, Informatics, International, Laboratory Informatics, Laboratory Management & Operations, Microscopy, Molecular Pathology, Pathology News, Vendor products, Whole slide

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