Healthtech startup RedBrick AI raises $4.6 million funding from Sequoia India, Surge
- ByStartupStory | November 24, 2022
RedBrick AI, a health tech startup, has raised $4.6 million in funds from Sequoia India and Surge, a rapid scale-up program for startups in India and Southeast Asia to expand its activities and market. RedBrick AI provides medical imagery annotations solutions to the healthcare industry.
AI is an integral part of clinical diagnoses these days. However, scientists spend a lot of their time initially preparing data and training AI systems. In fact, hundreds of annotated medical images are needed during the training process, while clinicians spend numerous hours on the job for annotation. RedBrick AI is a SaaS startup headquartered in Delaware, while its Indian subsidiary is located in Pune. The Pune unit helps in solving the company’s problems related to its automated and semi-automated annotation tools.
Shivam Sharma, RedBrick AI co-founder and CEO, said, “We facilitate making the annotations faster by up to 60% by utilizing its configurable workflow system, which works with medical imagery like X-Rays, CT scans, and ultrasound.” In a recent interview, Sharma said that RedBrick is building the foundation of AI in healthcare. The company plans to help the clinical team with all things ranging from preparing data to algorithms for clearing FDA data. RedBrick AI was founded in 2021 by Sharma and Derek Lukacs, both former engineers at SpaceX Hyperloop, and specializes in annotation tools. Customers can access these tools via a web browser and integrate them with existing data storage systems like Google Cloud Platform, AWS, and Azure. The company also offers semi-automated tools for annotating multifaceted 3D medical images.
In addition, the tech startup offers APIs that engineers can integrate with cloud solutions and clinical data stores. Most of the seven-member team of RedBrick AI is based in India. However, the company’s focus is on the U.S. and European markets. Germany’s biotech startup Orbem, Canada’s cancer, and disease screening platform Prenuvo, Boston-based non-profit hospital, and physician network Mass General Brigham and Maharashtra’s radiology AI platform Deeptek are some of the early clients of RedBrick AI. Nearly 99% of the company’s competition is from open-source tools, as well as the in-house tools developed by companies to address their specific requirements.
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