Redbrick AI secures seed funding
Healthtech platform Redbrick AI has announced a successful US$4.6 million seed funding round, as it plans to develop medical data annotation technology
The round was led by Surge – Sequoia Capital India and Southeast Asia’s rapid scale-up program – with participation from technology accelerator Y Combinator and angel investors.
Redbrick AI said the funds will be ‘channelled into expanding the company’s suite of specialised tooling, and to grow its customer base’.
The company’s ‘semi-automated’ artificial intelligence (AI) driven platform supports clinicians in annotating medical images as an aid to patient diagnosis – with the end goal of boosting clinician productivity.
“Working with leading healthcare AI teams over the past year has been an incredible journey and learning opportunity,” said RedBrick AI CEO and co-founder Shivam Sharma. “With the rapid growth of artificial intelligence in clinical settings, researchers need excellent tools to build high-quality datasets and models at scale. We are incredibly excited to use the funds we’ve raised to power the next generation of researchers in building AI for clinical settings.”
Insurer Allianz noted that the accelerating adoption of healthtech was a key trend in the healthcare industry, in a report released in June.