ScreenPoint Medical Raises $28 Million

ScreenPoint Medical, an AI technology company that develops advanced image recognition and machine learning software to improve early detection of breast cancer, has raised $28 million in Series C funding. The funding will accelerate commercial growth of the company’s Transpara AI breast care software, which uses machine learning technology and curated databases of screening mammograms to improve early diagnosis of breast cancer. The investment will also enable further R&D and expansion of the product portfolio.

ScreenPoint was founded in 2014 as a spinoff from Radboud University Medical Center in Nijmegen, Netherlands.

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Published: August 2021

Glossary

artificial intelligence: The ability of a machine to perform certain complex functions normally associated with human intelligence, such as judgment, pattern recognition, understanding, learning, planning, and problem solving.
machine learning: Machine learning (ML) is a subset of artificial intelligence (AI) that focuses on the development of algorithms and statistical models that enable computers to improve their performance on a specific task through experience or training. Instead of being explicitly programmed to perform a task, a machine learning system learns from data and examples. The primary goal of machine learning is to develop models that can generalize patterns from data and make predictions or decisions without being...
computer vision: Computer vision enables computers to interpret and make decisions based on visual data, such as images and videos. It involves the development of algorithms, techniques, and systems that enable machines to gain an understanding of the visual world, similar to how humans perceive and interpret visual information. Key aspects and tasks within computer vision include: Image recognition: Identifying and categorizing objects, scenes, or patterns within images. This involves training...

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Businessfunding roundseries CSeries C fundingScreenPoint MedicalSoftwareartificial intelligencemachine learningAIfundraisingimage recognitioncomputer visionEuropebreast cancermedical

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