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Aidoc unveils $30 million investment in comprehensive clinical AI foundation model

Press releases may be edited for formatting or style | November 27, 2023 Artificial Intelligence
CHICAGO, Nov. 27, 2023 /PRNewswire/ -- Aidoc, the foremost provider of clinical AI solutions, announced a $30 million investment dedicated to creating a first-of-its-kind comprehensive clinical AI foundation model during the Radiological Society of North America's (RSNA) annual meeting.

"This investment is not only about technological advancement; it's about reshaping the future of medical imaging," shared Elad Walach, CEO, Aidoc. "Our Imaging AI Foundation Model is positioned to revolutionize how millions of patients are diagnosed and treated globally. As industry leaders, we carry a profound responsibility to redefine the possibilities in medical imaging."

A recent study found that hospitals currently leverage only 3% of their available data, leaving behind insights that can only be realized through AI-powered precision medicine. Aidoc's foundation model seeks to unlock this untapped resource on a large scale with a focus on addressing three key areas:

Accelerated Development: Enabling quicker creation of robust imaging algorithms.
Comprehensive Coverage: Addressing a broad spectrum of medical conditions, enhancing diagnostic thoroughness.
Unmatched Precision: Establishing new benchmarks for accuracy in medical imaging AI, particularly in integrating multimodal information.
Driving Effective Delivery of Clinical Foundation Model Through Aidoc's aiOS™

Text-based foundation models, like ChatGPT, are transforming numerous industries. Aidoc recognizes the potential of this underlying technology within the domain of medical imaging. Aidoc's robust AI multimodal training infrastructure places the company in a unique position to create a comprehensive imaging AI model. The company aims to use this new foundation model to enhance diagnostic precision and develop an entirely new category of products and experiences.

Aidoc has already done significant work with imaging foundation models. During beta testing, Aidoc has been able to achieve comparable accuracy to existing algorithm performance on XR with foundation model-developed versions.

Recognizing that the foundation model alone isn't enough to drive meaningful change in the complex real-world settings of health systems, an effective delivery mechanism within clinical workflows is crucial. Aidoc's revolutionary AI-powered solutions seamlessly integrate into clinical workflows via its proprietary AI operating system, aiOS™.

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