Perspectum, a precision health company which develops medical imaging tools to improve the diagnosis of metabolic diseases and cancer, has raised £30 million Series C funding.

Led by Oppenheimer Holdings, it brings the total amount raised since the Oxford company’s inception to $120m.

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Perspectum is working to expand its footprint across the country and grow its customer base. It announced a collaboration with Nuance, a Microsoft company, in December 2022.

“We are excited to have Oppenheimer and British Patient Capital join our mission to create safer and more accurate imaging technologies that will help clinicians shorten patients’ diagnostic and treatment journeys,” said Dr Rajarshi Banerjee, CEO of Perspectum. 

“This new funding will help us to continue innovating new products that will make healthcare safer by providing non-invasive alternatives to biopsy, totally changing how and when we can see and treat many diseases.”

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Perspectum’s software products enhance the capabilities of a standard magnetic resonance imaging (MRI) machine, enabling it to capture multiparametric mapping data which allows its AI-driven software to measure organ inflammation with greater precision, aiding diagnosis and the monitoring of patients with chronic diseases.

“Perspectum is a truly disruptive company with medical imaging software that can dramatically improve the standard of care for millions of patients, as well as provide a higher level of decision support for physicians,” added Robert Lowenthal, president of Oppenheimer Holdings. 

“We anticipate Perspectum will continue to lead the field of AI-enhanced imaging for years to come.”

In addition to scaling up its US operations, Perspectum will use the new funding to accelerate its product pipeline for multiorgan inflammatory conditions and oncology.

“Life sciences and deep tech are two bright spots within the UK’s innovation economy, and Perspectum is bringing the two together as they pioneer technological developments that are revolutionising the patient experience. 

“Through our Future Fund: Breakthrough programme, we are excited to work with an industry-leading team at Perspectum and support their global growth ambitions,” concluded Catherine Lewis La Torre, CEO of British Patient Capital.

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