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Subtle Medical announced that it raised $12.2 million in Series A funding to grow its artificial intelligence (AI) product portfolio and support the demand to make medical imaging faster and safer. CEO Enhao Gong remarked that the financial support "will help us execute our vision more rapidly and with global impact."
According to Subtle Medical, the funding will be "used to pursue rapid geographic expansion to meet consumer demand, which has seen an uptick since COVID-19 began as centres require more flexibility to perform additional cleaning protocols between patients and the ability to increase capacity to accommodate the surge in postponed scan volume." The company added that the financing will also boost its product pipeline, which includes SubtleGAD for lowering gadolinium dose in contrast-enhanced magnetic resonance imaging, and technologies in image-guided therapies and pharmaceutical applications.
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