Harrison.ai has secured A$32 million ($20 million) in equity investment from the Australian federal government’s National Reconstruction Fund Corporation (NRFC), marking the fund’s first venture into the medical science sector.
Expanding AI-Powered Diagnostics
The funding, part of Harrison.ai’s Series C round, will support the expansion of its AI-driven diagnostic solutions across Australian hospitals and global healthcare facilities. The company’s technology is already deployed in over 1,000 medical institutions worldwide, including the UK’s National Health Service.
Additionally, the investment will accelerate improvements in Harrison.ai’s suite of diagnostic tools. Its proprietary AI can detect up to 124 abnormalities in chest X-rays and up to 130 findings in non-contrast head CT scans, addressing critical gaps in medical imaging diagnostics.
Addressing the Radiologist Shortage
NRFC Chair Martijn Wilder emphasized the urgency of investing in AI-driven diagnostics, citing a global shortage of radiologists and pathologists that has led to dangerous diagnostic delays. The NRFC’s backing aims to enhance efficiency and accessibility in medical imaging, ultimately improving patient outcomes.
Harrison.ai’s Growth and Global Expansion
This latest investment follows a A$129 million ($97 million) Series B funding round in 2021. Last year, amid the surge in generative AI applications in healthcare, Harrison.ai introduced Harrison.rad.1, a large language model designed for radiology-related inquiries. The AI reportedly outperformed leading models like OpenAI’s GPT-4o and Microsoft’s LLaVA-Med in radiology-based tasks.
Further strengthening its global presence, Harrison.ai merged with Annalise.ai, its radiology-focused joint venture with I-MED Radiology, in 2023.
With continued AI innovation and government-backed support, Harrison.ai is poised to advance diagnostic capabilities worldwide, addressing critical challenges in medical imaging and healthcare accessibility.
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