back to top
Wednesday, July 17, 2024

AI medical firm, Shukun Technology, receives US$28.2 million boost

Shukun Technology, AI-driven medical startup, has recently closed its Series B1 financing round to raise US$28.2 million (RMB200 million) in equity. Led by BOC International – the investment arm of state-owned Bank of China – the round also saw participation by other venture capital firms like China Creation Ventures and Huagai Capital. The Beijing-based startup […]

Published:

Published:

Trending Stories

- Advertisement -

Shukun Technology, AI-driven startup, has recently closed its Series B1 financing round to raise US$28.2 million (RMB200 million) in equity. Led by BOC International – the investment arm of state-owned Bank of – the round also saw participation by other venture capital firms like China Creation Ventures and Huagai Capital.

The Beijing-based startup was founded in 2017 and incorporates AI in its development of medical diagnostic tools for chronic diseases particularly heart disease. With the help of machine-learning algorithms and a database containing organ imaging of millions of healthy and diseased hearts, Shukun Technology has been able to improve the accuracy of heart CT scans.

Apart from being able to apply its technology to more organs and other clinical abnormalities like tumours, Shukun Technology also intends to use the freshly raised capital to make its technology accessible in all levels of hospitals, as well as enhance the medical competencies of grassroots-level clinics. With the paired combination of machine and human expertise in its approach, Shukun Technology aims to improve the level and efficacy of the medical service for key stakeholders

Since its establishment, Shukun Technology has worked with hundreds of leading hospitals and have secured strategic agreements with medical equipment manufacturers like GE Healthcare and Philips Healthcare.

Managing Director of BOC International, Wang Lixin, elaborates on the AI medical scene, noting that “The empowerment of artificial intelligence technology in the field of medical imaging has made the collection and analysis of medical data faster and better, greatly improving patient's medical experience and imaging doctors' diagnosis efficacy.”

In support of the new financing round, Lixin adds that “We are very happy to see that more and more medical institutions and equipment manufacturers have built in-depth cooperation with Shukun, which will actively promote the development of higher quality medical treatment in China.”

Tech Edition has partnerships that involve sponsored content. While this financial support helps us with daily operations, it doesn't affect the integrity of our reviews. We remain committed to delivering honest and insightful content to our readers.

Tech Edition is now on Telegram! Join our channel here and catch all the latest tech news!



Kim Casper
Kim Casper
Kim is a freelance writer at Tech Edition. As a lifelong learner, Kim aims to be a multi-disciplinarian in design x technology. With a penchant for adventure, she enjoys video games like the Metal Gear series and Horizon Zero Dawn.

Featured Content

Netgear Orbi 970 Series review: Revolutionising home WiFi with unmatched coverage

Read our comprehensive review of the Netgear Orbi 970 Series to discover how it transforms home WiFi with advanced features like WiFi 7, Quad-Band technology, and unparalleled coverage.

Related Stories