New Lantern Raises $19 Million in Series A

New Lantern Raises $19 Million in Series A

New Lantern, a San Francisco, CA-based company focused on AI-powered radiology, has raised $19 million in Series A funding, bringing its total funding to over $23 million.

The round was led by Benchmark, with participation from Afore Capital, Anthology Fund, Neo, SV Angel, Guillermo Rauch, Amjad Masad, Saji Wickramasekara, Jay Kreps, and Gokul Rajaram, among others.

Benchmark is an early-stage venture capital firm based in San Francisco and Woodside. It invests in and works alongside entrepreneurs to build startups into transformational companies. The firm focuses on early-stage venture investments in consumer, marketplaces, open-source, AI, infrastructure, and enterprise software.

With the funding, the company plans to invest in continued R&D and expand its team across engineering and sales.

Founded in 2021, New Lantern develops an AI-powered platform designed to assist radiologists by automating key aspects of their workflow. The platform aims to reduce the time spent on repetitive tasks, such as drawing measurements, dictating reports, and making follow-up calls, allowing radiologists to focus more on interpreting medical images. Its complete AI radiology suite automates key imaging and reporting workflows.

Funding Details

Company: New Lantern

Raised: $19.0M

Round: Series A

Funding Date: November 2024

Lead Investor: Benchmark

Additional Investors: Afore Capital, Anthology Fund, Neo, SV Angel, Guillermo Rauch, Amjad Masad, Saji Wickramasekara, Jay Kreps, Gokul Rajaram

Company Website: https://newlantern.ai/

Software Category: Radiology Software