Michigan, U.S-based Health-tech AI platform RedBrick AI announced that it has secured $4.6 million in seed funding. The round was led by Sequoia India and Southeast Asia’s Surge, with participation from Y Combinator and angel investors.
The move comes when many startups face a dearth of investment because of the so-called “funding winter”.
The AI startup’s latest cash injection will be utilised to hire new talent for engineering roles in the India office and expand its product offerings & customer reach.
The startup was founded in 2021 by Shivam Sharma and Derek Lukacs and aims to accelerate the development and adoption of AI through data analytics on medical imagery.
“With the rapid growth of artificial intelligence in clinical settings, researchers need excellent tools to build high-quality datasets and models at scale. Our customers are in the vanguard of this growth, pioneering everything from surgical robots to automated detection of cancers,” said RedBrick AI CEO and co-founder Shivam Sharma.
He also added that AI systems can dramatically shorten the time to diagnosis, improve clinician productivity by triaging high-importance cases, and act as the first line of defence in under-staffed clinical environments.