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New Lantern raised $19M in a Series A funding round led by Benchmark to launch its AI radiology resident.

PRIVATENov 20, 2024

Amount Raised

$19 Million

Round Type

Series A

San FranciscoSoftwareArtificial IntelligenceMachine LearningImage Recognition

Investors

Amjad MasadGuillermo RauchAfore CapitalAnthology FundNeoSV AngelSaji WickramasekaraJay KrepsGokul RajaramBenchmark

Description

New Lantern has launched its AI radiology resident, emerging from stealth and backed by $19M in Series A funding led by Benchmark. This funding aims to enhance radiologists' efficiency and increase revenues by automating substantial workflows in radiology.

Quick answer

New Lantern raised $19 Million in a Series A round, dated November 20, 2024. Investors: Amjad Masad, Guillermo Rauch, Afore Capital, Anthology Fund, Neo, SV Angel, Saji Wickramasekara and Jay Kreps. New Lantern is based in San Francisco, California, United States.

How much did New Lantern raise?
New Lantern raised $19 Million in a Series A round on November 20, 2024.
Who invested in New Lantern?
Amjad Masad, Guillermo Rauch, Afore Capital, Anthology Fund, Neo, SV Angel, Saji Wickramasekara and Jay Kreps are named as investors in this round.
What does New Lantern do?
New Lantern is the AI copilot for radiologists.
Where is New Lantern based and how big is it?
New Lantern is based in San Francisco, California, United States.
Who are the decision-makers at New Lantern?
Fundz holds 2 contacts at New Lantern. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Image Recognition and Software around the same time

Companies in the same sectors as New Lantern that raised within 45 days of this round, from Fundz verified event records.

  • Jentic raised $4.1M (Pre-Seed) on January 3, 2025.
  • Apheris raised $21M (Series A) on January 2, 2025.
  • Imagoworks raised $16M (Series C) on December 31, 2024.
  • TrueFoundry raised $19M on December 31, 2024.
  • Datavault AI raised $92M on December 31, 2024.
  • Airship AI raised $7.6M on December 26, 2024.

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Company Information

Company

New Lantern

Location

San Francisco, California, United States

About

New Lantern is the AI copilot for radiologists. Founded in 2021, the company has built the first complete AI radiology suite that automates key imaging and reporting workflows, boosting radiologists’ efficiency and income by 2x. New Lantern is backed by investors including Benchmark, Afore Capital, Anthology Fund, Neo, SV Angel, Guillermo Rauch, Amjad Masad, Saji Wickramasekara, Jay Kreps, and Gokul Rajaram, among others.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

New Lantern raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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