By Steve O’Hear
Skin Analytics, a U.K.-based startup that has developed a skin cancer screening service that uses artificial intelligence, has raised £4 million in Series A funding. The round was led by Hoxton Ventures, with participation from Nesta and Mustard Seed Ventures.
Skin Analytics says it will use the injection of cash to expand its focus to the U.S. after it was awarded the “Breakthrough Device Designation” by the FDA, as part of a programme designed to fast track new technologies that can have significant impact on the nation’s health.
It will also continue forging partnerships within the U.K.’s national health service, following the launch of what it claims was the world’s first “AI-powered” clinical pathway in conjunction with University Hospital Birmingham.
Skin Analytics offers a CE marked medical device that is studies suggests is able to identify skin cancers, pre-cancerous and benign lesions “to the same level as a dermatologist”. The idea is to enable health systems and insurers to increase dermatology capacity by reducing the burden of diagnosis for dermatologists.
“At its most simple, skin cancer is the world’s most common cancer and incidence is increasing around the world,” says Skin Analytics founder Neil Daly. “Overlay that with the fact there is a …read more
Source: Tech Crunch