MassMutual discovers Qure in $16m round

Feb 28, 2020 • Callum Cyrus

MassMutual Ventures Southeast Asia was among the investors in a round that will fund Fractal Analytics spinoff Qure.ai's product development.

Qure.ai, the India-based developer of an automated X-ray tool, has received $16m in funding from investors including insurance firm Massachusetts Mutual Life Insurance.

The round was led by venture capital firm Sequoia India and Massachusetts Mutual invested through corporate venturing vehicle MassMutual Ventures Southeast Asia.

Founded in 2016 as a spinoffof artificial intelligence services provider Fractal Analytics, Qure supplies medical diagnostics software that applies AI to radiology scans, helping clinicians spot visual indications of abnormalities like brain injuries or tuberculosis.

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