Radiology Business September 20, 2024
Artificial intelligence deployment platform Ferrum Health has ballooned its fundraising total to $31 million, leaders announced on Thursday.
Venture capital firm Foundry led the Series A financing round with participation from Catalyst by Wellstar, Headwaters Ventures, and UnitedHealthcare Accelerator. Founded in 2017, the Sunnyvale, California, company offers vendor-neutral software for utilizing AI products in healthcare institutions.
“Our new funding will allow us to double down on product development and partner expansion, so healthcare professionals can leverage the power of AI to make more informed decisions and improve patient outcomes,” CEO Pelu Tran said in a Sept. 19 announcement.
Ferrum’s platform allows radiologists and other clinicians to validate the performance of AI on local datasets and...
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