Home Ruida Imaging Secures RMB 10 Million in Pre-A Funding to Advance Cloud-Based Medical Imaging Platform

Ruida Imaging Secures RMB 10 Million in Pre-A Funding to Advance Cloud-Based Medical Imaging Platform

Jul 04, 2016 08:00 CST Updated 08:00

Recently, Ruida Imaging announced in Shanghai that it has obtained1000Ten Thousandpre-AIn this round of financing, Zhonglu Capital led the investment, while the startup incubator Kuai Chuang Ying participated as a co-investor. VCBeat conducted an exclusive interview in Shanghai with Rong Hui, founder of Ruida Imaging, to gain insights into this internet-based medical imaging company, which boasts mature products and maintains a low-profile public presence.


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Investment Signing Photo of Rong Hui (Left), Founder of Ruida Imaging, and Chen Rong (Right), Chairman of Zhonglu Group


"Exceptionally low-profile in the capital markets"


The team at Ruida Imaging from2012Established and began operations in the year2014The current product roadmap was basically established years ago. To date, partner hospitals include some Grade 3A hospitals in Shanghai, Zhongda Hospital in Jiangsu Province, and the Heilongjiang Provincial Radiology Group (comprising Daxing'anling Hospital as well as secondary and primary care hospitals). Until2016Year3In [Month], the team formally engaged with investors.4In that month, Zhonglu Capital swiftly finalized a formal investment agreement.


Medical Imaging Focuses on Only Three Aspects


Rong HuiMr. [Name] is brimming with confidence in the company’s core technologies, focusing exclusively on deepening expertise and achieving breakthroughs in three key areas—from its current competitive advantages to its future strategic direction.


1First is the convenience of the medical imaging platform.

Not only does it meet physicians’ concerns regarding image reading speed, but Ruida Imaging has also achieved breakthroughs in processing power.4GNetworked Collaborative Operations. This means that imaging specialists can use tablets to view the image scanning process in real time from any location and remotely acquire further detailed scan images.


2Second, artificial intelligence for medical imaging platforms.

Mr. Rong sincerely explained that the intelligence of medical imaging platforms must be integrated with a high degree of specialization. Therefore, although Ruida Imaging is a multi-modality imaging platform, its intelligent capabilities will be progressively and deeply explored in different specialized fields. Existing solutions, such as computer-aided detection for breast imaging and virtual colonoscopy, represent initial proprietary technologies tailored to specific professional domains. The research and development of artificial intelligence must rely on extensive foundational datasets and the expertise of specialist physicians. Mr. Rong Hui envisions sustaining innovative R&D efforts as the platform gains adoption, thereby steadily advancing intelligent computer-aided diagnosis for image interpretation.


3Third, the ultimate goal of medical imaging platforms is to serve patients.

Although the current platform is primarily geared toward hospitals and professional users, Ronghui has long-term plans to develop a medical management platform based on patients’ imaging cases, with the ultimate goal of truly assisting patients in seeking medical care and treatment.


Criticized by Investors for Insufficient “Internet Thinking”


During the interview, Mr. Rong candidly stated that while investors were interested in his team’s depth of expertise in their specialized field, they criticized the team for lacking an “internet mindset,” being overly focused on stability, and pursuing a relatively conservative growth strategy.


In this regard, it is determined by experience. The team members of Ruida Imaging, including Mr. Rong Hui, basically have many years of experience in traditional medical imaging technology work. Before establishing Ruida Imaging, Mr. Rong already had10years of experience in medical imaging technology, and previously2Second entrepreneurial venture. Driven by a steadfast commitment to the field of medical imaging, I decisively divested my equity stake at a pivotal stage of growth in my second startup and embarked on a new entrepreneurial journey, establishing Ruida Imaging.


On the other hand, this is also determined by its stage of development. Prior to this round of financing, Ruida Imaging primarily relied on profits from its core business to support the growth of its innovative ventures. Through self-sustaining operations, the company has achieved relatively stable growth, which differs significantly from the inherent ecosystem of internet companies. Leveraging its development team based in Shenyang and its marketing team in Shanghai, the company provides multi-regional technical support, innovative R&D, and market operations, thereby achieving robust, low-cost, and high-efficiency operations.


From the perspective of the company’s development needs, Mr. Rong Hui stated that there is no urgent need to attract further investment at this time. The current plan aims to achieve new developmental breakthroughs by the first half of next year at the earliest, and to considerAround of financing.