Startup Daily September 13, 2021
Sydney health analytics startup Prospection, which uses AI and machine learning to provide patients insights on potentially life-threatening diseases, has raised $45 million in a series B.
The round was led by Ellerston Capital’s JAADE fund, chipping in $30 million, with the balance coming from existing backers, the CSIRO VC fund Main Sequence Ventures, and Hong Kong-based Horizons Ventures.
Prospection previously raised $10 million in its first external funding round in late 2019 from MSV and Horizon.
The venture was founded in 2012 at the deep tech incubator Cicada Innovations, by two engineers, Eric Chung and Ricky Chen, and Dr Peter Cronin.
Chung is CEO, Cronin head of data and partnerships and Chen, the CTO.
Prospection collaborates with governments, pharmaceutical...
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