Braid Health Secures $9M in Seed and Series A Funding to Advance AI-Powered Diagnostic Imaging Platform

On May 7, 2020, VCBeat (WeChat ID: vcbeat) learned that digital health innovator Braid Health announced the completion of a $9 million seed and Series A financing round, led by Lux Capital and participated by 01 Advisors and Rucker Park Capital. The funds will be used to hire an experienced health tech team, build an AI-powered diagnostic imaging platform, and develop the Braid Virtual Network connecting healthcare experts.

Braid Health is a digital health innovation company founded in 2018, headquartered in San Francisco, California, dedicated to developing AI-driven diagnostic collaboration platforms for the radiology and healthcare industries. The company has secured investment from Lux Capital and other prominent investors, including the venture capital firms 01 Advisors—comprising former Twitter CEO Dick Costolo and COO Adam Bain—and Rucker Park Capital.

Braid Health combines AI-powered diagnostic imaging technology with expert radiologists to develop next-generation augmented radiology solutions. While existing imaging technologies are slow, complex, and challenging to share with patients, Braid Health provides an AI-driven, end-to-end teleradiology platform for emergency centers, healthcare systems, and retail pharmacies, built on the core principles of efficiency, accuracy, safety, and mobility.

Zavain Dar, Partner and Board Member at Lux Capital and Braid Health, stated, “With the accelerating aging of the population, teleradiology companies and emergency centers are unable to fully meet patient needs. Kevin Quennesson and Alessandro Sabatelli founded Braid Health to address the current limitations in medical imaging and diagnostic capabilities. We are delighted to support their innovations in real-time image diagnostics.”

“Since its founding in 2018, Braid Health has been committed to providing patients with expert diagnostics at lower costs and with faster turnaround times,” said Kevin Quennesson, CEO and Co-Founder of Braid Health. “Today, as we bring our expanded capabilities to market to enhance the imaging experience and improve the accuracy of imaging diagnostics, we are honored to have the support of investors who believe in Braid Health.”

Lux Capital Management is a research-driven investment firm dedicated to founder-stage, seed-stage, early-stage, and growth-stage investments in the physical and life sciences. Lux Capital Management plays an active role in helping entrepreneurs build successful companies in high-growth sectors. Its investment team has helped establish more than 20 companies, and Lux Capital Management’s investment strategy provides deeper insights, positioning the firm as an industry leader.

01 Advisors, established in 2019, is a venture capital firm headquartered in San Francisco, California.

Rucker Park Capital is an early-stage venture capital firm founded in 2018 and headquartered in New York, United States.