{"id":17396,"date":"2023-06-27T15:24:23","date_gmt":"2023-06-27T15:24:23","guid":{"rendered":"https:\/\/g-medtech.com\/news\/?p=17396"},"modified":"2026-01-09T05:38:22","modified_gmt":"2026-01-09T05:38:22","slug":"flywheel-closes-54m-series-d-financing-for-medical-imaging-data-and-ai","status":"publish","type":"post","link":"https:\/\/g-medtech.com\/news\/flywheel-closes-54m-series-d-financing-for-medical-imaging-data-and-ai\/","title":{"rendered":"Flywheel Closes $54M Series D Financing for Medical Imaging Data and AI"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/g-medtech.com\/database\/medtech-players\/index\/flywheel\/\" target=\"_blank\" rel=\"noreferrer noopener\">Flywheel<\/a> has raised $54 million in Series D funding co-led by Novalis LifeSciences LLC and NVentures, NVIDIA\u2019s venture capital arm.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Microsoft also participated in the round, along with insiders Invenshure, 8VC, Beringea, Hewlett Packard Enterprise, Intuitive Ventures, iSelect, Gundersen Health System, Seraph, and Great North Ventures. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Marijn Dekkers, chairman and founder of Novalis LifeSciences and former CEO of Bayer AG and Thermo Fisher Scientific Inc., will join the company\u2019s board of directors.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Flywheel is the pioneering medical imaging data and AI platform powering healthcare innovation through streamlined medical imaging data management, curation and analysis, offering comprehensive solutions for pharma companies, providers, payers, system integrators, AI developers and academic medical centers to get optimum value out of their data assets. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The funding will fuel Flywheel\u2019s continued growth in its two primary markets, public sector healthcare and pharmaceutical companies, while accelerating expansion in other markets, including providers, payers, system integrators, and software companies seeking to harness the value of their data for AI development. This latest round of funding will also help Flywheel extend its global reach into key geographies, particularly across Europe.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cFlywheel\u2019s products transform healthcare innovation by empowering organizations to efficiently and securely ingest, curate and share medical imaging data for accelerated research and AI development,\u201d said Flywheel CEO Jim Olson.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cWe are excited to lead this financing round at Flywheel,\u201d said Dekkers. \u201cWe believe Flywheel\u2019s unique software solutions enable the smarter use and interpretation of the vast amounts of information associated with large numbers of medical imaging scans. We are particularly excited about the ability of these tools to drive more efficient and faster drug development processes in the biopharma industry.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThe application of AI has led to the discovery of new drugs, identifying patterns in disease, and improvements in patient care,\u201d said Mohamed \u201cSid\u201d Siddeek, Head of NVentures, NVIDIA. \u201cFlywheel uses AI to unlock the value within medical imaging data, signaling the continued benefit of applying AI across the healthcare industry.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Flywheel is the pioneering medical imaging data and AI platform powering healthcare innovation through streamlined medical imaging data management, curation and analysis.<\/p>\n","protected":false},"author":2,"featured_media":23106,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","footnotes":""},"categories":[7,488,683,676,10],"tags":[594],"class_list":["post-17396","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-americas","category-breaking-news","category-digital-health","category-imaging-diagnostics","category-strategic-development","tag-financing"],"_links":{"self":[{"href":"https:\/\/g-medtech.com\/news\/wp-json\/wp\/v2\/posts\/17396","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/g-medtech.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/g-medtech.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/g-medtech.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/g-medtech.com\/news\/wp-json\/wp\/v2\/comments?post=17396"}],"version-history":[{"count":2,"href":"https:\/\/g-medtech.com\/news\/wp-json\/wp\/v2\/posts\/17396\/revisions"}],"predecessor-version":[{"id":38090,"href":"https:\/\/g-medtech.com\/news\/wp-json\/wp\/v2\/posts\/17396\/revisions\/38090"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/g-medtech.com\/news\/wp-json\/wp\/v2\/media\/23106"}],"wp:attachment":[{"href":"https:\/\/g-medtech.com\/news\/wp-json\/wp\/v2\/media?parent=17396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/g-medtech.com\/news\/wp-json\/wp\/v2\/categories?post=17396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/g-medtech.com\/news\/wp-json\/wp\/v2\/tags?post=17396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}