Romanian medtech startup XVision gets € 1 million in a new round of funding

  • January 14, 2022
  • 2 min read

Romanian startup XVision, the medical platform based on artificial intelligence algorithms that develop products to support radiologists in the analysis and interpretation of medical images, gets one million euros in a round of seed funding, with the contribution of bValue as Lead Investor and seven more Romanian investors: GapMinder, RocaX, Cleverage, Growceanu, Cristian Pop as an angel investor and Poland: ResQMed and Marek Dziubinski.

XVision is a MedTech startup founded in 2018 by a multidisciplinary team from Timișoara. XVision uses artificial intelligence algorithms to analyze medical images, to assist radiologists in the diagnostic process.

Utilizing the platform developed by XVision, medical imaging benefits from the technological advantage provided by artificial intelligence, and doctors enjoy a faster and more efficient analysis.

This is the second round of financing obtained by XVision. The company has attracted a total of 1.5 million euros so far.

The amount will be directed to expanding the current team of business development, AI, software development, and imaging specialists, to expanding the company to Western Europe, followed by the expansion to the United States, starting in 2023. The platform is operational in over 60 private hospitals and clinics and three other European countries: Hungary, Slovakia, and Poland.

XVision is a MedTech company founded in 2018 by a multidisciplinary team from Timișoara, formed of Ștefan Iarca – CEO, Cristian Avramescu – CTO, Bogdan Bercean – Head of AI and Andrei Tenescu – Head of DevOps, who share a great passion for artificial intelligence and optimizing medical processes.