AI developer OxDx raises millions for AI-powered diagnostics

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University of Oxford spin-off OxDx has raised 2.6 million pounds ($3.5 million U.S.) in preseed funding to support development of its artificial intelligence (AI)-powered diagnostic technology for infectious diseases.

OxDx said it will use the funds to expand the company and further validate its microscopy and machine-learning technology, which is designed to identify specific series and strains of viruses, bacteria, and other pathogens in a sample within seconds.

The funding round was led by IQ Capital and Ahren Innovation Capital with participation from Science Creates Ventures.

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