Digital imaging software dev StatRad raises $13m

Digital imaging software developer StatRad said yesterday it raised $13 million through an equity investment from a strategic institutional partner.

Funding from the investment is slated to go towards accelerated development of technology to manage the upload, viewing and sharing of medical images in the cloud, as well as its RadConnect cloud-based image sharing solution.

“This funding is a powerful validation of our technology solution and business model for managing medical images in the cloud. It will enable us to accelerate the expansion of our platform and the development of additional applications for the medical imaging markets while remaining debt free. We’ve taken a huge step forward in our mission to improve the way medical images are managed, viewed and delivered. Healthcare providers need rapid access to medical images regardless of their location or the device they use, and we have a novel approach to making that happen. We’re using our exciting new streaming technology while incorporating what we’ve learned from 20 years of providing world-class teleradiology services. Our imaging platform is built with speed, scalability and security as its critical ingredients, and it has the potential to revolutionize radiology and advance patient care globally,” CEO Dr. Vishal Verma said in a press release.

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