Temasek leads $28m Series C round in US medical imaging firm Arterys

A radiologist examines an x-ray image. Photo: Pixabay

Singapore state investor Temasek Holdings has co-led a $28 million Series C investment in US-based medical imaging platform Arterys, according to an announcement.

The Series C round’s other lead investor was Benslie Investment. Fosun, Revelation Partners, Emergent Medical Partners, and Varian Medical Systems also participated in the financing.

Arterys said it will use the fresh funding to broaden its ecosystem and facilitate the development of a range of clinical applications based on its platform. More specifically, it plans to accelerate efforts to bring new clinical-grade AI applications to healthcare providers by extending its proprietary technology platform to application partners.

Arterys claims to be the world’s first internet platform for medical imaging.

“The current crisis has shown us the necessity of a different approach to providing healthcare, where technology and AI are crucial for future success. Arterys is committed to transforming the way AI is integrated into the medical workflow, a promise that is long due in the industry,” said Benslie International managing partner Henry Weinstein.

Benslie International is a digital health investment vehicle of EMC2 Fund Ltd, which was founded by the Weinstein family that has over 90 years of experience in the healthcare industry and has made several venture capital investments in the US and Israel.

Temasek, meanwhile, owns a S$313 billion (US$231 billion) portfolio as of March 31, 2019.

Most recently, the Singapore state investment firm led a $46 million Series B funding in Ascus Biosciences, a US-based deep science animal health and nutrition company that develops various microbial solutions.

Singapore Reporter/s

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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. 
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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.