Healthtech startup RedBrick AI has raised $4.6 million in a funding spherical led by Sequoia India and Southeast Asia’s Surge because it plans to develop the marketplace for its medical imagery annotations resolution.
Synthetic intelligence has develop into ubiquitous in medical prognosis. However researchers want a lot of their preliminary time getting ready information for coaching AI techniques. The coaching course of additionally requires a whole lot of annotated medical photos and hundreds of hours of annotation by clinicians. The Delaware-headquartered SaaS startup, which has an Indian subsidiary in Pune, is fixing that downside with its automated and semi-automated annotation instruments.
RedBrick AI co-founder and CEO Shivam Sharma stated the startup helps make annotations as much as 60% quicker utilizing its configurable workflow system that works with medical imagery resembling CT scans, X-rays, MRIs and ultrasound.
“We see ourselves constructing the foundational layer of synthetic intelligence in healthcare. Sooner or later, we wish to assist groups with all the things from the information preparation to FDA clearance of the algorithms,” Sharma stated in an interview with TechCrunch.
Based in 2021 by former SpaceX Hyperloop engineers Sharma and Derek Lukacs (who serves as CTO), RedBrick AI presents specialised annotation instruments that may be accessed via an internet browser and built-in inside clients’ current information storage system, resembling AWS, Google Cloud Platform and Azure. For annotating complicated 3D medical photos, it additionally has semi-automated instruments.
RedBrick AI moreover offers APIs that machine studying engineers can combine with their cloud options and medical information shops, together with hospital enterprise PACS servers.
“Clinicians simply must log into their browser, and the workflow side of it’s all automated,” Sharma stated.
As soon as appropriately annotated, imagery can be utilized for quicker and extra detailed prognosis. The annotated imagery will also be utilized by surgical robots and to automate detection of cancers.
RedBrick AI has a seven-member staff that’s principally based mostly in India, although the startup focuses totally on the U.S. and Europe for advertising and marketing its instruments. The startup additionally sees 99% of competitors coming from open-source instruments, adopted by the in-house ones developed by firms to deal with their particular necessities.
The early buyer base of RedBrick AI contains Germany’s biotech startup Orbem, Canada’s most cancers and illness screening platform Prenuvo, Boston-based non-profit hospital and doctor community Mass Normal Brigham and Maharashtra’s radiology AI platform Deeptek.
The all-equity seed spherical additionally noticed participation from Y Combinator and angel buyers. Earlier than this spherical, the startup was named amongst Y Combinator’s Winter 2022 cohort that was dominated by 32 Indian startups.
Sharma stated RedBrick AI plans to make the most of the fund to transcend its present buyer base and attain enterprises. It additionally plans to rent new engineers to develop the specialised toolset.