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Flywheel acquires Radiologics with part of $22 million raised in Series C funding

September 17, 2021
Artificial Intelligence Business Affairs Health IT

It will also offer original products and services under Radiologics, including a number of imaging informatics capabilities around the XNAT platform, an open-source imaging informatics software platform for imaging research, as well as DICOM workflows. Among these capabilities are technical support, software development, custom image processing pipelines, and staffing solutions.

Together, the two have designed a platform for end-to-end data management in clinical trials and establishing new workflows through the integration of AI algorithms into practice. They also expect to easily create patient cohorts and produce insights from relevant data for specific endeavors.

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“This opens up a lot of opportunities for our MR unit and department of psychiatry to more seamlessly collaborate with other departments at Columbia, as well as outside the institution,” said Rachel Marsh, Irving Philips professor of medical psychology at Columbia University Irving Medical Center and director of the MRI Research Program at the New York State Psychiatric Institute, in a statement.

Flywheel struck up a partnership earlier this summer with Siemens Healthineers in which it agreed to deploy a cloud-based research collaboration solution on Siemens’ teamplay digital health platform. This would help streamline communication, data sharing and solutions development between Siemens and its research partners on projects involving imaging and related non-imaging healthcare data.

Other investors in the Series C funding round include iSelect, Argonautic Ventures, Beringea, DrX/Novartis, HPE Pathfinder, Spike Ventures, Key Investments, Seraph and Great North Labs.

A specific price tag for the acquisition was not disclosed.

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