Med-Tech Innovation February 20, 2024

A European medtech start-up, AZmed, has secured €15 million in Series A funding from US and European investors.

In a dynamic healthcare environment, doctors are progressively acknowledging the profound impact that artificial intelligence technologies can have. AZmed plans to help overcome the obstacles doctors encounter when attempting to manage increasing workloads and provide timely, accurate diagnoses.

In 2019, AZmed’s AI software obtained CE marking for fracture detection on X-rays. Subsequently, it obtained FDA clearance in 2022 and has since been implemented in over 1,000 healthcare facilities across 40 countries. This has led to partnerships with prominent healthcare institutions over the years, including the NHS, SimonMed Imaging, UH Cleveland Medical Center, and CHIREC. It demonstrated effectiveness in detecting the main...

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