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Altis Labs raises US$25 million Series A co-led by OrbiMed and Qiming Venture Partners USA to enhance AI models for clinical development.

PRIVATESep 17, 2026about 3 hours ago

Amount Raised

$25 Million

Round Type

Series A

Toronto

Investors

Lumira VenturesFusion FundBenchstrengthInnovation EndeavorsQiming Venture Partners UsaOrbi Med

Description

Altis Labs, an AI endpoint company, has closed a US$25 million Series A financing round. The funding was co-led by OrbiMed and Qiming Venture Partners USA, with additional support from various investors. The capital will be utilized to expand Altis’ AI models across cancer types and scale commercial deployment. This investment aims to accelerate clinical development in the healthcare sector.

Company Information

Company

Altis Labs

Location

Toronto, Ontario, Canada

About

Altis Labs is the AI-powered computational imaging company advancing precision medicine. We believe that medical imaging, making up 90% of all healthcare data, is the richest source of clinical insight but is vastly underutilized due to 40-year-old reductionist interpretation guidelines. Trained on the world's largest proprietary cancer imaging database, our deep learning algorithms help quantify treatment effect beyond simplistic and discordant tumor size measurements. Leading biopharmaceutical companies use our AI-powered imaging biomarker platform, Nota, to analyze clinical trial imaging data in a more meaningful way, allowing them to accelerate and de-risk all stages of clinical development. Based in Toronto, a city recognized for its deep learning research and renowned medical institutions, our multi-disciplinary team is on a mission to guide personalized treatment and help patients get access to the most effective therapies sooner.

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Funding Insights

Based on industry data
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months
Monthly burn rate benchmark
47% of Series A startups spend $400k or more per month on operations
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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