Le Lézard
Classified in: Health, Business
Subject: FNC

FII Institute Announces Investment in AZmed, Helping to Address Global Shortage in Radiologists

RIYADH, Saudi Arabia, Oct. 28, 2021 /CNW/ -- The Future Investment Initiative (FII) Institute has announced a 1 million EUR investment in AZmed, developers of Artificial Intelligence-enabled diagnostic applications which can help address the shortage of radiologists around the world.

The investment, which is part of AZmed's latest 3.5 million EUR round, builds on the Institute's commitment to catalyze globally relevant, real-world solutions in five focus areas: Artificial Intelligence and Robotics, Education, Healthcare and Sustainability. AZmed is a medical technology company that develops AI-enabled diagnostic applications for medical images.

AZmed CEO Julien Vidal said the company is addressing the recognised global shortage of radiologists. "Our goal is to be the trusted tech partner for every doctor analysing a medical image anywhere in the world," he said. "We are excited to work with the FII Institute which will bring strategic value to AZmed through connections with healthcare and AI specialists in its network, as well as go-to-market partners in the United States and MENA region."

The AZmed investment announcement comes during the 5th Anniversary of FII, the Institute's marquee platform taking place this week in Riyadh. The platform is centered around the theme "Invest in Humanity" and discussions that can create the greatest benefits for humanity especially in the post-COVID era.

FII Institute CEO Richard Attias welcomed the investment and said that AZmed fits the Institute's mission to make an impact on healthcare, AI and education. "We are very excited to support a company that is focused on life-saving technologies. Improving products and services for radiologists is an important issue for this specialty and we need to relieve the pressure on healthcare systems around the world that are already stretched by limited resources."

The company's first product, Rayvolve, is a market leading, AI-powered Fracture and chest abnormalities detection tool that was the first in its field to receive CE-certification, ensuring the product is compliant with all applicable European health, safety, performance and environmental requirements.

This marks the fourth FII Institute investment announced with Interstellar Lab, a space technology company designing closed-loop biodomes for sustaining life on Earth, the moon, and Mars; Lilium, an electric-powered aircraft reducing the carbon impact of regional travel; and Red Sea Farms agtech making it possible to grow food using sun and saltwater in challenging desert climates. 

For more information visit https://fii-institute.org/en

About FII Institute   

FII Institute is a global nonprofit foundation with an investment arm and one agenda: Impact on Humanity. Committed to ESG principles, we foster the brightest minds and transform ideas into real-world solutions in five focus areas: AI and Robotics, Education, Healthcare and Sustainability.  

We are in the right place at the right time ? when decision makers, investors and an engaged generation of youth come together in aspiration, energized and ready for change. We harness that energy into three pillars ? THINK, XCHANGE, ACT ? and invest in the innovations that make a difference globally. 

Join us to own, co-create and actualize a brighter, more sustainable future for humanity.


About AZmed

AZmed facilitates X-ray diagnostics thanks to artificial intelligence. It helps doctors save time and dedicate resources to life-threatening exams. AZmed has been the first French company to commercialize an AI-powered radiology software.

Deep learning technologies as developed by AZmed are fully integrated into doctors' workflow, making it easy to use, without requiring any change in their work habits.

AZmed solutions are already used in more than 250 centers. More than 2500 doctors are using their solutions on a daily basis, in 12 different countries.


Logo - https://mma.prnewswire.com/media/1672880/FII_Institute_and_AZmed_logos.jpg


SOURCE FII Institute

These press releases may also interest you

at 00:01
Filo Mining Corp. ("Filo Mining" or the "Company") has engaged Aktieinvest FK AB as its certified adviser on the Nasdaq First North Growth Market in Stockholm, replacing Pareto Securities AB. View PDF version About Filo Mining Filo Mining is a...

at 00:01
Total Helium Ltd. (the "Company") announces that it has received its second payment of USD $950,000 from a leading global industrial gases company as part of a helium gas purchase agreement. Helium Purchase Agreement Total Helium, through its wholly...

at 00:00
The COVID-19 pandemic has had a devastating impact on businesses across the globe, but none more so than the automotive industry. As countries implemented social distancing and lockdowns, it forced manufacturers to halt production, which has had a...

6 déc 2021
TSX VENTURE COMPANIES BULLETIN TYPE:  Cease Trade OrderBULLETIN DATE:  December 6, 2021TSX Venture Company A  Cease Trade Order has been issued by the Ontario Securities Commission on December 3, 2021 against the following company for failing to file...

6 déc 2021
Themed "Multilateralism 2.0: Global Cooperation in the Post-Pandemic Era", the 2021 Imperial Springs International Forum was scheduled from Dec. 5 to 6 in the southern Chinese city of Guangzhou. The event attracted over 150 guests from political,...

6 déc 2021
WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of GCP Applied Technologies Inc.  ("GCP" or the "Company") , in connection with the proposed acquisition of the Company by...

News published on 28 october 2021 at 10:36 and distributed by: