
Collective Minds Radiology
A platform for radiologists to collaboratively establish diagnosis around imaging findings.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor investor | €0.0 | round |
N/A | €0.0 | round | |
investor | €0.0 | round | |
N/A | €0.0 | round | |
investor investor investor investor investor | €0.0 | round | |
investor | €0.0 | round | |
* | SEK84.0m | Early VC | |
Total Funding | 000k |
EUR | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
---|---|---|---|---|---|---|---|
Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
% growth | - | - | 8657 % | 250 % | 171 % | 288 % | 82 % |
EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
% EBITDA margin | - | - | (126 %) | (78 %) | (106 %) | - | - |
Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
% profit margin | - | (9689 %) | (127 %) | (113 %) | (129 %) | (53 %) | (19 %) |
EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
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Collective Minds Radiology, founded in Sweden in 2017, operates a cloud-based collaboration platform for medical imaging, aiming to dismantle the data and expertise silos prevalent in healthcare. The company was established by a team with deep roots in medicine and technology: Anders Nordell (CEO), Johan Norling (CFO), Pär Kragsterman (CTO), and Professor Lennart Blomqvist. Nordell brings two decades of MedTech commercial leadership experience from firms like GE Healthcare. Kragsterman's background includes building global IT platforms, notably as a global IT architect for PepsiCo. The initial focus on radiology stems from its position as the most digitized specialty in healthcare, providing a solid foundation for building a global collaboration platform.
The firm's core business revolves around a subscription-based model, providing a secure, GDPR-compliant workspace where healthcare professionals can collaborate. This platform connects a global community of radiologists, hospitals, researchers, and life science companies. It facilitates clinical consultation, education, and research by allowing users to share, discuss, and analyze pseudonymized medical imaging cases. The service includes a medical-grade DICOM viewer and supports the integration and evaluation of AI algorithms from various partners, allowing institutions to test these tools with their own data before purchasing. By connecting disparate sources of expertise and data, Collective Minds aims to accelerate diagnostics, improve patient outcomes, and streamline clinical research.
Financially, the company has secured significant backing to fuel its expansion. Since its first funding round in 2019, Collective Minds Radiology has raised a total of $10.6 million over five rounds. A major milestone was the August 2023 Series B funding of $7.59 million, led by Segulah Medical Acceleration, which is intended to accelerate the commercial growth of its platform. The platform is currently utilized by thousands of healthcare professionals across numerous hospitals, demonstrating growing traction within the medical community.
Keywords: medical imaging collaboration, radiology platform, health-tech, clinical consultation, medical data sharing, DICOM viewer, AI in radiology, clinical research platform, medical education tools, teleradiology, digital pathology, healthcare data analytics, secure medical collaboration, GDPR compliant healthcare, MedTech, virtual autopsy, clinical trial data management, diagnostic support, healthcare SaaS, medical imaging AI validation