Startups
AI / Funding / Hiring / Investing

Medtech startup Proscia raises $8.3 million for hiring push

The Center City company has a team of 20 and plans to triple in size.

Members of the Proscia team. (Courtesy photo)

With an $8.3 million Series A round in the warchest, Center City-based medical software company Proscia looks to triple in size and bring to market its artificial intelligence software for digital pathologists.

The round was led by Boston VC firm Flybridge Capital Partners, with participation from Emerald Development Managers, Fusion Fund, Razor’s Edge Ventures and Philly’s RobinHood Ventures.

The company’s tech gives pathologists insights to improve the accuracy of diagnostics. Some 300 clinical and research facilities are now using the software. Under development are specific AI-enabled, disease-specific modules that help automate insights, the first of which is expected to hit the market by December.

Founded by David West Jr. and Coleman Stavish, in April the company relocated to Philly from Baltimore, where Stavish and West attended Johns Hopkins University. Currently a team of 20 full-timers mostly out of MakeOffices, the company hopes to triple in size.

West Jr., CEO of Proscia, said the funds will let the startup tackle key areas.

“[The funding] will allow us to expand the adoption of digital pathology, while creating intelligent systems that will unlock data from tissue to greatly enhance pathologists’ productivity, increase access to care, and improve the way cancer is researched, diagnosed, and ultimately treated,” West said in a press release.

“The market is moving quickly and we had a lot of appetite,” West Jr. said.

Companies: Proscia

Before you go...

Please consider supporting Technical.ly to keep our independent journalism strong. Unlike most business-focused media outlets, we don’t have a paywall. Instead, we count on your personal and organizational support.

Our services Preferred partners The journalism fund
Engagement

Join our growing Slack community

Join 5,000 tech professionals and entrepreneurs in our community Slack today!

Trending

How to encourage more healthcare entrepreneurship (and why that matters)

9 inclusivity recommendations for tech workplaces from Philadelphia youth

Welcome to Camp Apple Intelligence

Find out what type of heat wave you’re really in for with NOAA’s HeatRisk dashboard

Technically Media