VC firm seeds AI cancer screening tech
XTX Ventures has backed Cambridge University spin-out Lucida Medical, which raised seed funding from a group of investors including the Prostate Cancer Research charity.
The capital will aid Lucida Medical in developing its AI technology that more accurately analyses MRI in diagnosing prostate cancer. The investment was in the millions of pounds and is a major advance for the company in its goal of saving time for radiologists and allowing patients to receive the best possible diagnosis and treatment.
The funding from XTX Ventures will be used to extend the team, achieve appropriate . . .
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