Irish pathology software developer Deciphex raises $12m

Irish pathology software program and services developer, Deciphex, has lifted $11.5m in funding.

The income in the Collection B spherical was furnished by ACT Venture Funds, with Charles River Laboratories, Novartis, IRRUS Investments, Nextsteps Funds, HBAN Medtech Syndicate and other current investors also taking part.

Founded in 2017, Deciphex employs electronic pathology and AI to pace up pathology diagnostics, bettering productiveness.

Its Patholytix electronic pathology system is also used in analysis by a majority of the world’s most significant pharmaceutical companies and deal analysis organisations.

“This funding is an significant milestone for the business in its ambition to use Digital Pathology and AI to community and accelerate the world’s clinical and non-medical pathologists,” mentioned Donal O’Shea, Chief Government Officer of Deciphex.

“The ongoing help from our long phrase traders along with the addition of new strategic partners reaffirms the benefit we are bringing to the pathology local community and the ambition of our foreseeable future growth plans’.”

In March of previous year the business achieved a deal with study organisation, Charles River Laboratories, International Inc. which is to use its equipment to speed up the evaluation of drug protection.

Late last calendar year the enterprise introduced a new medical diagnostics support named Dagnexia, which presents world wide on demand access to distant subspecialty clinical pathologists for diagnostic and consulting solutions.

“Deciphex has designed a platform to assist and improve Pathologists’ ability to deliver their skills at scale,” stated John O’Sullivan, Normal Partner of Act Venture Cash.

“Donal and the crew made the solution with primary Pathology teams and the adoption around the previous 2 decades has verified the capability and possibility to re-resource the Pathology operate bench.”