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Avandra Raises $17.75M from Health Systems to Accelerate Use of Imaging Data

Feb 19, 2025•over 1 year ago

Contract Type

partnership

ClevelandBiotechnologyHealth CareMedicalMedical Device

Description

Avandra has raised $17.75 million from health systems, including Aegis Ventures, SpringRock Ventures, Memorial Hermann Health System, and Northwell Health, to further develop its platform, expand its data network through partnerships with leading health systems and providers, and scale its commercial initiatives with biopharma and medical researchers. The capital will be used to unlock the potential of medical imaging data to bring forward the future of medicine and improve patient care.

Company Information

Company

Avandra

Location

Cleveland, Ohio, United States

About

Avandra is creating the largest federated network for de-identified medical image data to overcome previously impossible medical challenges, bringing hope and medical breakthroughs that transform patient lives. Recognizing the vital role of medical imaging and clinical data in healthcare diagnoses and research, Avandra was established to organize the world’s medical images to advance research and innovation. Its network serves as a diverse data marketplace for biopharma, researchers, providers, and AI companies.

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