Intel Capital invests in Chinese medical imaging firm HuiyiHuiying

Photo: Tam Tri Hospital's website

Chinese medical imaging artificial intelligence company HuiyiHuiying (HY) has announced the closing of an undisclosed amount of strategic investment led by Intel Capital.

The investment round was also participated by Beijing Singularity Power Investment Fund (SPC), according to an official release.

Founded in 2015, HuiyiHuiying collaborates with more than 800 medical institutions in China in clinical applications and scientific research projects.

The company, which plans to expand to overseas markets including the United States, Japan, Southeast Asia, India and Europe, says it will use the funding proceeds to support its business development, product innovation and talent recruitment initiatives.

The investment in HuiyiHuiying, which counts CDH, Delta Capital, Bluerun Ventures and Yield Capital as existing investors, marks the first investments by both Intel Capital and SPC in the medical AI sector in China.

For Intel, however, the investment is an extension of a previous collaboration with HuiyiHuiying, through which the two companies look to develop an AI full-cycle breast health management cloud platform to support breast cancer screening and diagnosis

“We believe data combined with smart technology applications can help address major challenges within the medical industry and we look forward to working with HuiyiHuiying to find AI-led solutions that contribute to improved health outcomes,” said Intel Capital International  Vice President and Managing Director Anthony Lin.

HuiyiHuiying said, it will use the investment from Intel Capital in particular to help enhance its R&D capabilities, broaden its market reach and further grow its business as a leading medical AI solution provider.

Intel has been aggressively investing in Chinese companies for the last couple of years. Last year, it backed a Series A+ round in Chinese computer chips maker Horizon Robotics, which was followed by investments in three other tech startups Reconova, Alauda, and Espressif Systems.

Most recently, Intel led a Series B funding round in Chinese AI company, ICE TECH Science & Technology.

Also Read:

Intel Capital leads Series B round in Chinese AI startup ICE TECH

Shanghai United mulls buying French medical device maker Supersonic

China Digest: MoSeeker, Ulucu, Huangjinguanjia and Huiyihuiying raise funds

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.