Rayscape Raises $500 in Funding

Rayscape Raises $500 in Funding

Rayscape, a Timisoara, Romanian-based startup that provides artificial intelligence (AI) solutions for radiology, has raised $500,000 in funding.

The investment was from Fortech Investments via Rubik Garage Accelerator. Co-founded in 2018 by Andrei Tenescu, Bogdan Bercean, Cristian Avramescu, and Stefan Iarca.

Founded in 2021, Fortech Investments is a venture capital arm of Fortech based in Cluj-Napoca, Romania. The firm seeks to invest in pre-seed and seed rounds in the B2B, energy, healthcare, manufacturing, automotive, and fintech sectors. The firm primarily invests in the Central and Eastern European regions, specifically in the Romanian region.

The company will use the funds to fuel its expansion into the USA.

Founded in 2018 by Andrei Tenescu, Bogdan Bercean, Cristian Avramescu, and Stefan Iarca, Rayscape develops a complex digital assistant that uses artificial intelligence algorithms to assist radiologists in analyzing medical images such as chest X-rays or lung CT scans. Rayscape utilizes AI algorithms to aid in the analysis of medical images, enhancing accuracy and speed for radiologists. Rayscape's AI assistant offers a range of features to assist radiologists in their diagnosis process, such as automatic detection and tracking of lung nodules.

Funding Details

Company: Rayscape

Raised: $500K

Round: Unknown

Funding Month: March 2024

Lead Investors: Fortech Investments

Additional Investors: Andrei Tenescu, Bogdan Bercean, Cristian Avramescu, and Stefan Iarca

Company Website: https://rayscape.ai/

Software Category: AI Radiology