After being recently granted the Medical Device Regulation (MDR) certification recently in the EU and investments of one million, the company has now secured € 6.7 million in a Series A round of financing. The Viennese health technology startup specialises in AI-based radiology analysis software. One of its main focus areas of contextflow is deep learning-based software to detect disease patterns in medical images such as CTs or MRIs and subsequently to find and present comparable data from secondary sources, for example other databases and also texts. All this is done in a matter of seconds.
The first closing already took place several months ago. The second closing resulted tin € 2 million in funding from the new co-investor Peak Pride Management GmbH, the HPH Start-up Unit and the current investor APEX Venture. The first round of financing was led by B&C Innovation Investments GmbH (BCII) and included participation from the new co-investor TTIP Beteiligungs GmbH as well as the existing investors APEX Ventures, Crista Galli Ventures, IST cube, Nina Capital and Novacapital.
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