Total amount raised
$134.3 Million
Latest funding date
02/01/2021
Location
Imagen has successfully raised funding over four rounds, with the latest being a Series C. The company has attracted notable investors, including Casdin Capital and Zach Weinberg.
Keep reading to explore the intricacies of Imagen's fundraising journey and the investors backing this innovative platform.
What Is Imagen?
Imagen is a healthcare organization based in New York, specializing in AI-enabled diagnostic imaging solutions. The company operates in multiple industries, including artificial intelligence, biotechnology, health care, health diagnostics, primary and urgent care, and software.
Founded to maximize clinical outcomes and patient satisfaction, Imagen offers services such as in-clinic imaging, AI-enabled interpretations, and advanced imaging analytics. The company employs between 101-250 people and serves 3.5 million patients across 23 states.
How Much Funding Has Imagen Raised?
- Seed Round
- Amount Raised: USD 5,000,000
- Date: June 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop initial AI-based diagnostic imaging solutions.
- Series A
- Amount Raised: USD 14,320,999
- Date: March 2017
- Lead Investors: Threshold
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the development of AI-based software designed to reduce diagnostic errors.
- Series B
- Amount Raised: USD 40,000,000
- Date: September 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's market reach and enhance its AI capabilities.
- Series C
- Amount Raised: USD 75,000,000
- Date: February 2021
- Lead Investors: Casdin Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and further develop advanced imaging analytics.
Total Amount Raised: USD 134,320,999. Current Valuation: Not publicly disclosed.
Key Investors
- Casdin Capital
- Details: Casdin Capital is a New York-based investment firm that focuses on life sciences and healthcare. They have a strong track record of investing in innovative companies that aim to transform the healthcare industry.
- Investment Focus Areas: Healthcare, biotechnology, life sciences
- Notable Investments: Not publicly disclosed
- Threshold
- Details: Threshold is a venture capital firm that invests in early-stage technology companies. They are known for their hands-on approach and support for startups in their growth phases.
- Investment Focus Areas: Early-stage technology, healthcare, software
- Notable Investments: Not publicly disclosed
- Zach Weinberg
- Details: Zach Weinberg is an entrepreneur and investor with a background in technology and healthcare. He co-founded Flatiron Health, a company that focuses on oncology data and software.
- Investment Focus Areas: Technology, healthcare, oncology
- Notable Investments: Flatiron Health, Not publicly disclosed
What's Next for Imagen?
Imagen stands at the cusp of significant growth, driven by the increasing demand for AI-assisted diagnostic tools in healthcare. The company’s AI-based imaging solutions promise to reduce diagnostic errors, a critical need in the medical field. This opportunity is vast, with the potential to revolutionize how medical imaging is conducted and interpreted.
Future fundraising appears promising as Imagen continues to develop and commercialize its technology. The company’s recent successful rounds indicate strong investor confidence, suggesting that additional equity financing or venture capital investments are likely. However, challenges such as competition, regulatory approvals, and the need for integration into existing medical systems could pose hurdles.
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