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November 27, 2023

Floy Powered, Munich-based AI Pioneer Raises €5.4M to Transform Radiology

Breaking through the tech horizon, Floy, the Munich-based AI wizard, has just sealed the deal on a €5.4 million

In a groundbreaking move toward revolutionizing radiology, Munich-based AI powerhouse Floy has just closed a stellar €5.4 million Seed funding round today. This infusion of capital marks a significant stride for Floy, a company dedicated to empowering radiologists and enhancing diagnostics through cutting-edge AI. Join us as we delve into Floy's mission, their swift ascent in the German radiology market, and the transformative potential that this funding heralds for the intersection of technology and healthcare.

Floy is not just a company; it's a force propelling radiologists into a new era of diagnostics. Partnering with medical experts, Floy offers its AI as a self-pay service directly to patients, a game-changer in a landscape where over 25 million CT and MR scans are conducted annually in Germany alone. Leander Märkisch, Floy's CPO, emphasizes the untapped potential within each scan, stating, "We employ the latest AI technology to help doctors derive additional insights for early disease detection."

Floy's CEO, Benedikt Schneider, proudly shares their rapid success, having captured an impressive 14 percent of the German radiology market in just two years since inception. This achievement underscores the crucial patient need that Floy is addressing, pushing the boundaries of what AI can achieve in the realm of healthcare.

HV Capital takes the lead in this funding round, joined by All Iron Ventures, 10xFounders, xdeck ventures, SB21, and other esteemed angel investors. With this latest injection of funds, totaling €8.8 million since their launch in the summer of 2021, Floy is poised to develop new AI products and embark on an ambitious expansion journey across the EU and the US.

As Floy secures €5.4 million in funding, the resonance of their mission to redefine the fusion of technology and healthcare becomes clear. This Munich-based AI trailblazer is not just changing the game in radiology but is also making AI commercially attractive for clinical routine. With the strategic backing of investors and a commitment to widespread adoption, Floy is paving the way for transformative patient impact on a scale we've never seen before. The future of radiology is here, and Floy is at the forefront, steering us toward a new era of diagnostics powered by artificial intelligence.

Josefina Dipaolo
Josefina Dipaolo
Content writer at TechNews180
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