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Sequoia India invests $4.6 million in RedBrick AI

Sequoia India invests $4.6 million in RedBrick AI

Sequoia India invests $4.6 million in RedBrick AI

Sequoia India and Surge of Southeast Asia invested in the health tech business RedBrick AI. The funding will extend the company’s medical picture annotation service.

Medical diagnosis increasingly employs AI. Before training AI systems, researchers must prepare data. Clinicians must annotate hundreds of medical images, which takes thousands of hours. The Delaware-based SaaS business with a Pune office uses automated and semi-automatic annotation technologies.

RedBrick AI CEO Shivam Sharma believes the company’s bespoke workflow solution may speed up medical picture annotation by up to 60%.
We’ll provide the AI healthcare infrastructure. Sharma told TechCrunch that the startup would help teams with “everything from data preparation to FDA certification of the algorithms.”

RedBrick AI was founded in 2021 by Sharma and Derek Lukacs (CTO). Customers may use web-based annotation tools with AWS, Google Cloud Platform, or Azure. It can annotate complicated 3D medical pictures semi-automatically.

Machine learning specialists may use RedBrick AI’s APIs to integrate cloud and clinical data storage solutions like hospital enterprise PACS systems.

“The procedure is automated,” Sharma said. “Clinicians merely need to log in.” Annotated images may aid in diagnosis. Annotated images may help surgical robots and cancer detection systems.

RedBrick AI markets its solutions in the U.S. and Europe while having most of its workforce in India. Open-source tools make up 99% of startups’ perceived competition, followed by customized corporate solutions.

RedBrick AI’s early clients include the German biotech company Orbem, Canadian cancer, and illness screening platform Prenuvo, and the Indian radiology AI platform Deeptek.

Y Combinator and angel investors participated in this equity round. 32 Indian businesses dominated Y Combinator’s Winter 2022 class. Sharma said the cash would expand RedBrick AI’s customer base. It will engage additional engineers to build specialized equipment.

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