AI Metrics, a Birmingham, AL-based early-stage AI-enabled, cancer-imaging radiology software company, announced that it raised $1.26 million in bridge financing.

The round was led by an angel fund and several individual investors, including leading radiologists.

AI Metrics plans to invest in R&D resources to continue its quest to help radiologists deliver improved speed, accuracy, consistency, and clarity of patient conditions.

"We are excited to have a mix of existing and new investors support AI Metrics, including several radiologists who are attracted to our promising and innovative technology," said Bob Jacobus, CEO. "AI Metrics expanded its investor base with field experts eager to capitalize on what they see as a breakthrough technology coming to market."

The company has been developing software to more accurately assess cancer treatment effectiveness—leveraging augmented intelligence to improve radiology workflows and deliver detailed updates of therapy progress to oncologists and patients.

Company: AI Metrics LLC

Raised: $1.26M

Round: Bridge Financing

Funding Month: October 2022

Lead Investors: Undisclosed 

Additional Investors: 

Company Website: https://www.aimetrics.com/

Software Category: AI-enabled, Cancer-Imaging Radiology Software

About the Company: AI Metrics was launched in 2019 by Bob Jacobus, Paige Severino, and radiologist and researcher Dr. Andrew Smith to help radiologists raise their standard of care in evaluating cancer patients. The company's software solution uses AI to transform the low-margin, difficult, and tedious task of cancer patient evaluation into a high-margin, high-quality, time-saving deliverable to oncologists and patients, which improves the process care and raises the satisfaction level of patients and their physicians.

Source: https://www.businesswire.com/news/home/20221026005594/en/AI-Metrics-Raises-1.26-MM-to-Accelerate-Innovation-and-RD-for-its-AI-enabled-Cancer-Imaging-Technology