Overview
Cambridge-based startup Lucida Medical has raised £8.7 million in a funding round led by IW Capital, with participation from Macmillan Cancer Support. The company has developed an AI-powered diagnostic service to assist clinicians in diagnosing prostate cancer from MRI scans, addressing the growing demand for radiology in the NHS. The funding will help accelerate their efforts to provide faster and more accurate diagnoses, ultimately improving care for prostate cancer patients in the UK.
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Investors: IW Capital, Macmillan Cancer Support
Cambridge-based startup Lucida Medical has raised £8.7 million in a funding round led by IW Capital, with participation from Macmillan Cancer Support. The company has developed an AI-powered diagnostic service to assist clinicians in diagnosing prostate cancer from MRI scans, addressing the growing demand for radiology in the NHS. The funding will help accelerate their efforts to provide faster and more accurate diagnoses, ultimately improving care for prostate cancer patients in the UK.