Oct 2, 2019 — 5 min read
New York, NY, October 2, 2019 -- CB Insights today named Lunit to the inaugural Digital Health 150 ranking, showcasing the 150 most promising private digital health companies in the world. CB Insights CEO Anand Sanwal revealed the final Digital Health 150 during Future of Health, a gathering of top executives across some of the largest healthcare institutions, startups, and investment firms.
“From pharmaceuticals to patient care, technology is rapidly changing healthcare, and The Digital Health 150 showcases the 150 best startups spearheading innovation and change in the sector,” said CB Insights CEO Anand Sanwal. “It's a privilege to use CB Insights' data to identify and shine a light on these companies, and we look forward to tracking their success in 2019 and beyond."
The Digital Health 150 companies span the globe, from Canada, China, Germany, Israel, the United States, and the United Kingdom, and are supported by more than 850 investors.
“It is an honor to be recognized by CB Insights as leading digital health company in Imaging Diagnostics,” said Lunit CEO Brandon Suh. "Lunit has also been selected by CB Insights in 2017 'AI 100' list, and the continued recognition is truly empowering for us in the journey of paving the future of health."
Through an evidence-based approach, the CB Insights research team selected the Digital Health 150 from hundreds of applications based on several factors including patent activity, investor quality, news sentiment analysis, proprietary Mosaic scores, market potential, partnerships, competitive landscape, team strength, and tech novelty. The Mosaic Score, based on CB Insights’ algorithm, measures the overall health and growth potential of private companies to help predict a company’s momentum.
Lunit develops AI softwares that can solve some of the most important problems today in cancer diagnosis and treatment. Lunit's AI solution for imaging tests such as mammography and chest x-ray has been developed with deep learning technology and is known to accurately detect the abnormalities---providing location and probability of the lesion existence---in breast and lung images, including cancer. A study published in Radiology shows that, when accompanied with Lunit's algorithm, the physician's diagnostic performance can increase by upto 20%.
In 2018, these emerging private companies cumulatively raised $5.7B across 117 deals. They're on track to surpass these numbers in 2019, with $3B raised across 73 deals as of Q2'19.
A total of 17 companies have reached a unicorn valuation of $1B or more. GRAIL, Oscar Health, and We Doctor round out the top three most funded companies on the list.
116 of the Digital Health 150 are headquartered in the United States. Those based outside the United States include 17 from Asia, 16 from Europe, and 1 from Canada.
Over 850 unique investors have funded the Digital Health 150, with F-Prime Capital, New Enterprise Associates, and Google Ventures taking the top three spots as the most active investors.
23andMe, 98point6, AbleTo, Accolade, Ada Health, Aetion, AiCure, Aidoc Medical, Akili Interactive Labs, Alan, American Well, Arterys, Athelas, Atomwise, Ava Science, Babylon Health, Beam Dental, Benchling, Bend Financial, Biofourmis, Bright Health, Buoy Health, Butterfly Network, Calm, Cara Care, CarePredict, Carrot Fertility, Cedar, Ciitizen, Cityblock Health, ClearCare, ClearDATA, Click Therapeutics, Collective Health, Color , Cricket Health, Cue Health, CureApp, Deep Lens, Devoted Health, DispatchHealth, DocPlanner, Doctolib, Doctor On Demand, Dreem, Emulate, Evidation Health, eXo Imaging, Freenome, Galileo Health, Gauss Surgical, Genome Medical, Glooko, GNS Healthcare, GoodRx, GRAIL, Grand Rounds, Halodoc, Headspace, HealthVerity, Healthy.io, HeartFlow, higi, Hims, Human API, icometrix, IDx, Insitro, Iora Health, Jvion, K Health, Kaia Health, KenSci, Kindbody, Kry, Kyruus, Lark Health, LEAGUE, Letsgetchecked, Lifetrack Medical Systems, LinkDoc Technology, Luna DNA, Lunit, Lyra Health, Maven Clinic, MDClone, MDLIVE, Medbanks Network Technology, Modern Health, MORE Health, Nebula Genomics, Neurotrack Technologies, Niramai, Nomad Health, Noom, Notable, Nurx, Olive, Omada Health, Oncology Analytics, One Medical, Oscar Health, Oura Health, OWKIN, PAIGE.AI, Parsley Health, PathAI, PatientPing, Pear Therapeutics, Pill Club, Pivot, Proscia, Protenus, Proteus Digital Health, Quartet Health, RDMD, Recursion Pharmaceuticals, Redox, Ro, Solera, Solv Health, Sophia Genetics, Stride Health, Suki, SWORD Health, Syapse, SYNYI.AI, Talkspace, Teckro, Tempus, Tencent Trusted Doctors, TriNetX, TruePill, TytoCare, Unite Us, Verana Health, Vida Health, Vim, Vineti, Viome, Virta Health, Vivante Health, Viz.ai, VoxelCloud, We Doctor, Wei Mai, Welkin Health, Xiaolu Yiguan, Zava, Zebra Medical Vision
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Lunit, abbreviated from “learning unit,” is an AI software company devoted to providing "AI-powered total cancer care," by developing advanced medical image analytics and data-driven imaging biomarkers via cutting-edge deep learning technology.
Founded in 2013, Lunit has been internationally acknowledged for its advanced, state-of-the-art technology and its application in medical images. It has been named by CB Insights as one of “AI 100” startups transforming healthcare industry. Lunit's technology has been recognized at international competitions such as ImageNet (5th place, 2015), TUPAC 2016 (1st place), and Camelyon 2017 (1st place), surpassing top companies like Google, IBM, and Microsoft. Lunit is based in Seoul, South Korea.