Spectral AI, Inc. received a $1 million investment for its subsidiary Spectral IP, Inc. to advance intellectual property in the broader AI ecosystem.

Mar 20, 2024•over 1 year ago

Amount Raised

$1 Million

Round Type

seed

DallasBiotechnologyHealth Care

Description

Spectral AI, Inc. announced a $1 million investment from an affiliate of its largest shareholder into its subsidiary Spectral IP, Inc. The investment is structured as a note payable with a one-year maturity, an interest rate of 8%, and requiring earlier prepayment if Spectral IP is spun off to the Company's shareholders or sold.

Company Information

Company

Spectral AI

Location

Dallas, Texas, United States

About

Spectral AI, Inc. is a Dallas-based predictive AI company focused on medical diagnostics for faster and more accurate treatment decisions in wound care, with initial applications involving patients with burns and diabetic foot ulcers. The Company is working to revolutionize the management of wound care by “Seeing the Unknown®” with its DeepView® System. DeepView® is a predictive diagnostic device that offers clinicians an objective and immediate assessment of a wound’s healing potential prior to treatment or other medical intervention. With algorithm-driven results and a goal of changing the current standard of care in the future, DeepView® is expected to provide faster and accurate treatment insight towards value care by improving patient outcomes and reducing healthcare costs.

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Spectral AI, Inc. received a $1 million investment for its subsidiary Spectral IP, Inc. to advance intellectual property in the broader AI ecosystem.

Description

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