PRESS RELEASE:
The round, led by leading healthcare provider InterMountain Healthcare, will be used to accelerate the development of Zebra’s imaging analytics engine and create neural networks that will use Zebra’s vast imaging dataset to assist radiologists with automated diagnostic algorithms.
KIBBUTZ SHEFAYIM, Israel–(BUSINESS WIRE)–May 25, 2016–
Zebra Medical Vision (https://www.zebra-med.com/) is announcing an additional financing round of $12 million led by InterMountain Healthcare, with the participation of existing investors. InterMountain Healthcare, one of the top performing integrated care providers in the U.S., plans to work with Zebra to accelerate the creation of meaningful imaging algorithms to improve patient care.
Zebra Medical Vision was founded in 2014 with the vision of teaching computers to automatically read and diagnose medical imaging data. The company’s analytics engine helps physicians and healthcare providers analyze millions of imaging records, in an effort to close the diagnostic gap created by a billion people worldwide joining the middle class in the coming decade, who will require diagnostic services.
The Zebra platform has already yielded imaging insights that have been validated using hundreds of thousands of cases. Current algorithms are in the fields of bone health, cardiovascular analysis, liver and lung indications. These algorithms, developed using Zebra’s platform, can be applied to provide health and risk management insights to patients and providers. A strategic partnership with Dell Services, who provide cloud based imaging storage solutions to over 1,100 providers including InterMountain Healthcare, helps Zebra take its products to market.
“We are excited by the opportunities that machine learning and computer vision algorithms can provide. These tools will help us improve patient care, by analyzing imaging data at a large scale for the first time, in addition to textual data,” noted Bert Zimmerli, InterMountain Healthcare Chief Financial Officer. “When we researched this field and the various technologies available, the Zebra platform approach stood out in its proven ability to digest millions of imaging files and create new algorithms rapidly.”
“We are privileged that one of the top healthcare systems in the U.S. has placed such confidence in our team and our platform,” added Elad Benjamin, Zebra’s CEO, “In an environment where computing power and machine learning frameworks are becoming a commodity, the ability to quickly and efficiently curate large quantities of data from a world class integrated healthcare provider can make the difference between simplistic tools and insights that can truly add clinical value and positively impact patient care.”
About Zebra Medical Vision
From research to reality and commercialization, Zebra Medical Vision uses big data to deliver large scale clinical research platforms and next generation imaging analytics services to the healthcare industry. Its Imaging Analytics allow healthcare institutions to identify patients at risk of disease, and offer improved, preventative treatment pathways to improve patient care. The Zebra Research Platform provides researchers the largest structured clinical data set globally, and makes it available for research, including a complete development, hosting, storage and computing environment, and follow-on regulatory and commercialization services. Headquartered in Kibbutz Shefayim Israel, the Company was founded in 2014 by Co-Founders Eyal Toledano, Eyal Gura, and Elad Benjamin and funded by Khosla Ventures, Marc Benioff, and OurCrowd. For more information visit www.zebra-med.com.
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