Deep learning algorithm company Enlitic received another $10 million in financing from Capitol Health, an imaging diagnostic services company.

Release date: 2015-10-30

According to Venture Beat, Enlitic announced yesterday that it has completed a $10 million financing with Capitol Health.

Enlitic is a technology company dedicated to the use of cutting-edge technologies such as artificial intelligence and machine learning to assist medical diagnosis. It uses the most advanced deep learning algorithms to mine medical images, diagnostic books, clinical trials and other medical data. Accurate and feasible health diagnosis. At present, the company has cooperated with many hospitals and scientific research institutions. Capitol Health is a publicly traded company that provides imaging diagnostic services to clinics across Australia.

As a result of this transaction, Enlitic will provide Capitol Health with deep learning techniques to increase the productivity of its radiologists. This is critical for Capitol Health's goal of expanding into Asia and increasing profit margins. Capitol Health will allow its radiologists to collaborate with Enlitic's software engineers while providing Enlitic with valuable medical images.

“What we do is to provide radiologists with the tools to improve their productivity.” Enlitic founder and CEO Jeremy Howard said that the company's software helps radiologists save time by: Bring relevant early research to the surface, conduct tests, highlight key areas of the image, and summarize cases from patients with similar conditions.

However, radiologists do not always use machine algorithms because the long-term technical reputation known as computer-aided detection (CAD) is not good. Because it can identify models of spots on images such as mammograms, it often misreports information. Jeremy Howard said radiologists are used to the idea that computers are stupid tools. Therefore, Enlitic needs to overcome such obstacles.

Jeremy Howard said that Enlitic has not yet begun to generate revenue, but there is still room for improvement in its profit model.

It is reported that Enlitic was established in January 2014 and is headquartered in San Francisco, California. It currently employs about 15 people, but the total number of employees next year should double. Including the $2 million seed angel financing completed in October 2014, Enlitic has completed a total of $15 million in financing.

In addition, startups that offer deep learning tools similar to Enlitic include Clarifai, Ersatz Labs, Metamind, Nervana Systems, and Skymind.

Source: 36æ°ª

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