Oxipit: Closes $4.9M Funding Round

Oxipit Closes $4.9M Funding Round

• Oxpit, a Lithuanian AI medical imaging company, raised $4.9M in funding
• Backers included Taiwania Capital, Practica Capital and Coinvest Capital, and angel investors
• The company intends to use the funds to advance its development of autonomous AI medical imaging applications and support market expansion into new geographic regions, with particular focus on the United Kingdom
• The company develops AI applications for diagnostic medical imaging. Its ChestLink autonomously reports on medical images without any pathologies
• The software can reduce the workload of radiologists in the primary care setting. Another product is Oxi pit Quality, which acts as a virtual radiologist assistant
• The application reviews every medical image and the corresponding radiologist report