Qure.ai nets $40M in new funding round

2017 04 20 14 33 37 718 Money Hundred Bills 400

Artificial intelligence (AI) software developer Qure.ai has raised $40 million in a new financing round.

The funding round was led by healthcare and life sciences investment firm Novo Holdings and venture capital fund HealthQuad, with support from existing investor MassMutual Ventures.

Qure.ai said it would use the funds to extend and strengthen its global reach, especially in the U.S. and Europe. In addition, proceeds will be used to support product development for critical care and community diagnostics applications, according to the vendor.

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