Pune-based healthtech AI startup RedBrick AI raises $4.6M in seed funding

To grow the market for its medical picture annotation service, health tech startup RedBrick AI raises $4.6 million in a funding round led by Sequoia India and Southeast Asia's Surge.

Web annotation tools for 2D and 3D data are provided by the RedBrick AI SaaS platform, giving specialists access to specialized tooling directly from their browsers. Its solutions address several issues specific to the annotation of medical data, such as the complexity of current annotation tools, quality assurance, and machine learning integration.

The Pune-based startup was founded by hyperloop engineers Shivam Sharma and Derek Lukacs in 2021.

The startup's configurable workflow solution, which works with medical imaging like CT scans, X-rays, MRIs, and ultrasounds, helps generate annotations up to 60% faster.

“We see ourselves building the foundation layer of artificial intelligence in healthcare. Going forward, we want to help teams with everything from data preparation to FDA approval of the algorithms,” Shivam said in an interview with businesskinda.com.

Additionally, RedBrick AI offers APIs that computer scientists can use to combine machine learning systems with cloud services and clinical data storage, such as PACS servers for hospitals.

Images can be used for a quicker and more accurate diagnosis once they have been appropriately annotated. Robotic surgeons and cancer detection software can both use annotated photos.

RedBrick AI is a seven-person company with the majority of its staff headquartered in India, however, the business primarily markets its products in the US and Europe. The startup also observes that open-source products account for 99% of its rivalry, followed by internal tools created by businesses to suit their own needs.

Early clients of RedBrick AI include Canadian cancer and disease screening platform Prenuvo, the German biotech startup Orbem, the charity hospital and physician network Mass General Brigham in Boston, and the Deeptek radiology AI platform from Maharashtra.

The all-stock launch round included participation from Y Combinator and angel investors as well. The startup was selected for Y Combinator's Winter 2022 cohort before this round, which was dominated by 32 Indian startups.

Sharma stated that RedBrick AI intends to use the money to reach out to businesses in addition to its present clientele. It also intends to add more specialist tools to its toolbox by hiring new engineers.