New Lantern will use the new investment to develop its AI-based platform, strengthen its cloud infrastructure and increase its market share.
Artificial intelligence-powered health startup New Lantern has raised $19 million. The company’s $19 million Series A investment round was led by Benchmark. US-based New Lantern announced that it will use the new investment to develop its AI-based platform, strengthen its cloud infrastructure and increase its market share.
Founded in 2021 by Shiva Sur, the company is developing an AI-powered platform to improve the efficiency of radiologists. New Lantern aims to save time by automating tedious tasks that radiologists face in their daily workflow. The company came to life with the aim of optimizing the workflow of radiologists with artificial intelligence after its founder Suri observed the inefficiencies his mother experienced while working as a radiologist.
Because there is a worldwide shortage of radiologists. New Lantern automates monotonous tasks with the help of artificial intelligence, allowing existing radiologists to examine more cases. As is well known, radiologists spend most of their work on repetitive tasks such as reporting and measurement. New Lantern speeds up these tasks, allowing specialists to focus on critical tasks such as diagnosis and analysis.
By combining PACS and reporting systems, the startup offers a more user-friendly platform and overcomes the limitations of legacy, local systems thanks to its cloud-based structure. The increased efficiency enables radiologists to diagnose faster and serve more patients. This automatically improves the quality of overall healthcare.
