Healthtech startup RedBrick AI secured $4.6 M Sequoia India’s Surge backed funding
To extend the market for its medical image annotations service, healthtech firm RedBrick AI has secured $4.6 million in a fundraising round headed by Sequoia India and Southeast Asia’s Surge.
Clinical diagnostics now makes extensive use of artificial intelligence. However, preparing data for AI system training requires a significant amount of early study work. Additionally, hundreds of annotated medical pictures and many hours of physician annotation are needed for the training process. With its automated and semi-automatic annotation tools, the Delaware-based SaaS business, which has an Indian subsidiary in Pune, is resolving that issue.
RedBrick AI’s co-founder and CEO Shivam Sharma said that the company’s adaptable workflow solution, which works with medical images such as CT scans, X-rays, MRIs, and ultrasounds, helps generate annotations up to 60% quicker.
RedBrick AI is a provider of specialized annotation tools that can be accessed through a web browser and integrated within customers’ existing data storage systems, such as AWS, Google Cloud Platform, and Azure. The company was founded in 2021 by former SpaceX Hyperloop engineers Sharma and Derek Lukacs (who serves as CTO). Additionally, there are semi-automated systems for annotating intricate 3D medical pictures.
Additionally, RedBrick AI offers APIs that machine learning experts may use to interface their cloud solutions and clinical data storage, such as hospital enterprise PACS systems, with one another.
“Clinicians just need to log into their browser, and the workflow aspect of it is all automated,” Sharma said.
Images may be utilized for quicker and more accurate diagnoses when they are properly annotated. Surgical robots and machines that automatically identify cancer can also use annotated imagery.
Although the majority of RedBrick AI’s seven-person team is situated in India, the business primarily markets its solutions in the United States and Europe. The firm also feels that open-source solutions, which are built internally by businesses to meet their particular needs, pose 99% of its competitors.
RedBrick AI intends to use the money to expand beyond its present clientele and target businesses, according to Sharma. To increase the variety of specialist tools, it also intends to employ more engineers.
