Ibex raises $38M for AI that diagnoses diseases

11 Mar, 2021

Ibex raises $38M for AI that diagnoses diseases
Photo by Kaleidico on Unsplash

– Ibex Medical Analytics, a Tel Aviv, Israel-based startup developing a product suite for clinical decision-making and pathology laboratory workflows, today announced that it raised $38 million in funding.
– The global big data analytics market for health care was valued at $16.87 billion in 2017 and is projected to reach $67.82 billion by 2025, according to a recent report from Allied Market Research. It’s believed that health care organizations’ implementation of big data analytics might reduce annual costs by over 25% in the coming years. Better diagnosis and disease predictions, assisted by AI and analytics, can lead to cost reduction by decreasing hospital readmission rates, among other factors.

Analytics Artificial Intelligence Asia Health Diagnostics Machine Learning
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