Artificial intelligence (AI) image analysis software developer Lunit has received $26 million in a new funding round from Asian investors.
The series C funding round was led by Shinhan Investment and included involvement from other Korean firms InterVest, IMM Investment, and Kakao Ventures. Legend Capital of Lenovo Group in China also participated in the financing.
Lunit said it has now raised $50 million since its founding in 2013. The new funds will be used to accelerate global sales of its Lunit Insight AI software for mammography and chest x-rays, as well as to support research and development efforts in oncology and pathology, according to the vendor.