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VistaPath Secures $4M to Modernize Pathology Labs Using Computer Vision and Artificial Intelligence

By ET Bureau - July 01, 2022 2 mins read

VistaPath, the leading provider of artificial intelligence (AI)-based, data-driven pathology processing platforms, today announced that it has secured $4 million in seed funding led by Moxxie Ventures with participation from NextGen Venture Partners and First Star Ventures. With this latest round, VistaPath will further advance its mission to modernize pathology labs, delivering faster, more accurate diagnoses that lead to optimal patient care.

“We’re excited to be working with investors who share our desire to impact the lives and clinical outcomes of patients. This funding will support full-scale development and delivery of our innovative products, as well as the expansion of our operational and technical capabilities—allowing us to better serve the clinical and life science markets,” says Timothy Spong, CEO of VistaPath.

Also Read: Factors to Consider Before Making an Investment in a CDP

VistaPath’s Sentinel is a first-of-its-kind pathology processing platform designed to seamlessly deliver a range of solutions for critical lab processes. The company’s first application, released in 2021, is a tissue grossing platform that automates the process of receiving, assessing, and processing tissue samples. The platform uses a high-quality video system combined with AI to assess specimens and create a gross report 93% faster than human technicians with 43% more accuracy. Additional applications are slated to be released later this year.

“Pathology is the study of disease and connects every aspect of patient care. We believe that advances in computer vision and AI can bring great improvements to the pathology industry and ultimately lead to better outcomes for patients. We believe the team at VistaPath is building a best-in-class product for pathology labs and are proud to lead this investment round”, says Alex Roetter, General Partner at Moxxie Ventures.

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ET Bureau

The Enterprise talk Bureau has five well-trained writers and journalists, well versed in B2B enterprise technology industry, and constantly in touch with industry leaders for the latest trends, opinions, and other inputs- to bring you the best and latest in the domain.

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