Caption Health raises $53M

By staff writers

July 16, 2020 -- Artificial intelligence (AI) software developer Caption Health has raised $53 million in funding it plans to use to further develop its AI-guided ultrasound technology.

The company's Caption AI platform has been cleared by the U.S. Food and Drug Administration (FDA). In light of the ongoing COVID-19 pandemic, Caption Health will accelerate its commercial development of the platform, which allows healthcare providers without specialized training to perform ultrasound and produce diagnostic-quality images, according to the firm.

Copyright © 2020

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