PictorLabs closes $15.2M financing to develop AI-based virtual staining platform

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Digital pathology firm PictorLabs, which is developing an artificial intelligence (AI)-enabled virtual staining platform, on Thursday announced that it has closed a $15.2 million financing round.

The firm said it will use the funds to expand its biomarker portfolio, develop its products, and expand its talent base and corporate infrastructure.

It has raised $18.8 million since its founding in 2019.

“PictorLabs’ platform overcomes inherent issues in histopathology through the application of AI-powered algorithms that produce virtual stains which are indistinguishable from their chemistry-based counterparts,” Dr. Yair Rivenson, CEO and chief technology officer of PictorLabs, said in a statement. “By virtually staining tissue images in the digital realm, our approach simplifies and accelerates workflows, speeding up drug discovery and diagnostic decision-making with the goal of ultimately improving patient outcomes.”

The financing round was led by M Ventures, SCC Soft Computer, and Koc Holding.

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