Digital Diagnostics Funding, Investors & Competitors

SiBionics is a Chinese medical device company developing AI-based devices for chronic disease management, including its GS1 and GS3 continuous glucose monitoring (CGM) systems for people with diabetes. Its GS3 sensor is described as the world's thinnest CGM and has earned CE Mark approval alongside other products in its lineup, placing the company in the competitive global CGM market alongside established international players.

Tempus AI Inc is a technology company. It has built the Tempus Platform, which comprises both a technology platform to free healthcare data from silos and an operating system to make the resulting data useful. Its Intelligent Diagnostics use AI, including generative AI, to make laboratory tests more accurate, tailored, and personal.

ConcertAI is a Boston-headquartered company founded in 2018 that supplies AI-powered real-world evidence platforms for oncology research. It aggregates de-identified patient data from over 2 million cancer cases across U.S. health systems and delivers analytics for clinical trial design, site selection, and regulatory submissions. The firm partners with pharmaceutical companies like Pfizer and Bristol Myers Squibb to accelerate drug development.

Twin Health is a Mountain View, California-headquartered digital health company offering an AI-driven Whole Body Digital Twin platform for metabolic disorders. The system uses wearable sensors to monitor glucose, activity, and sleep, generating personalized nutrition and lifestyle plans. Clinically validated to reverse type 2 diabetes, Twin Health operates clinics in the US and India.

K Health is a New York City-based digital primary care provider using AI to deliver personalized health assessments and virtual consultations. The app employs machine learning models trained on 20 billion data points to triage symptoms and match users with physicians for 300 conditions. Available nationwide in the US, it serves millions of members through partnerships with health systems like Kaiser Permanente. Founded in 2016, K Health integrates telehealth with predictive analytics for chronic disease management.

Infinitus Systems is an AI healthcare company automating phone-based tasks to boost therapy access, adherence, and affordability. Backed by Kleiner Perkins, Coatue, and Google Ventures with $51.4 million raised, the platform streamlines back-office processes across US healthcare providers.

Rad AI is a San Francisco-headquartered developer of AI radiology reporting software that drafts structured notes from imaging studies. Its platform processes MRI, CT, and X-ray inputs to generate RSNA-compliant templates, integrating with PACS like Epic Radiant and Cerner. Rad AI reduces reporting time by half for chest X-rays and mammography, deployed in over 500 US hospitals. Founded in 2018, the company partners with GE Healthcare for workflow enhancements.

Founded in Germany in 1972 by former IBM employees, SAP is the world’s largest provider of enterprise application software. Known as the leader in enterprise resource planning software, SAP’s portfolio also includes software for supply chain management, procurement, travel and expense management, and customer relationship management, among others. The company operates in more than 180 countries and has more than 400,000 customers, approximately 80% of which are small to medium-size enterprises.

Natera Inc is a diagnostic and research company with proprietary molecular and bioinformatics technology. The company's key product offerings include its Panorama Non-Invasive Prenatal Test (NIPT) which screens for chromosomal abnormalities of a fetus as well as in twin pregnancies, typically with a blood draw from the mother, Horizon Carrier Screening (HCS) to determine carrier status for a large number of severe genetic diseases that could be passed on to the carrier’s children, Signatera molecular residual disease (MRD) test, which detects circulating tumor DNA in patients previously diagnosed with cancer to assess molecular residual disease and monitor for recurrence; and Prospera, to assess organ transplant rejection.

Originally spun out of Hewlett-Packard in 1999, Agilent has evolved into a leading life science and diagnostic firm. Today, Agilent's measurement technologies serve a broad base of customers with its three operating segments: life science and diagnostics, cross lab operations consisting of consumables and services, and applied end markets. Over half of its sales are generated from the biopharmaceutical, chemical, and advanced materials end markets, which we view as the stickiest end markets, but it also supports clinical lab, environmental, forensics, food, academic, and government-related organizations. The company is geographically diverse, with operations in the US and China representing the largest country concentrations.

GE HealthCare Technologies is a leading medical technology firm with leading market share in imaging and ultrasound equipment. The company reports four major segments: imaging (45% of revenue), advanced visualization solutions (26%), patient care solutions (15%), and pharmaceutical diagnostics (14%). The company’s sales are geographically diverse, with the United States, EMEA, China, and the rest of the world accounting for 46%, 26%, 11%, and 17% respectively. We estimate approximately half of its revenue is recurring, which consists of servicing (about one third of revenue), pharmaceutical diagnostics (about 10%-15%), and digital solutions (just over 5%).

Scale AI is a San Francisco-headquartered data platform supplying high-quality training and validation datasets for AI models in computer vision, NLP, and sensor fusion. The company's APIs enable annotation of LiDAR, images, video, and text for autonomous vehicles, drones, and robotics. Clients including General Motors, OpenAI, Meta, and U.S. Department of Defense rely on Scale AI's workforce and automation to label petabytes of data annually.

Quest Diagnostics is a leading independent provider of diagnostic testing, information, and services in the US. The company generates over 95% of its revenue through clinical testing, anatomic pathology, esoteric testing, and substance abuse testing with specimens collected at its national network of roughly 2,300 patient service centers, as well as multiple doctors offices and hospitals. The firm also runs a much smaller diagnostic solutions segment that provides clinical trials testing, risk-assessment services, and information technology solutions.

Labcorp is one of the nation's two largest independent clinical laboratories, with roughly 20% of the independent lab market. The company operates approximately 2,000 patient-service centers, offering a broad range of 5,000 clinical lab tests, ranging from uncomplicated routine blood and urine screens to complex oncology and genomic testing.

Guardant Health, based in Redwood City, California, is a leader in liquid-based cancer tests for clinical and research use. The company's main franchises are Guardant360 for genomic profiling of tumors, Reveal for molecular residual disease testing, and Shield for colorectal cancer screening. Additionally, Guardant offers research development services such as regulatory approval consultancy and clinical trial referrals.

Helsing is a Berlin-headquartered defense technology firm founded in 2021 that supplies AI software platforms for land, air, naval, and subsurface operations. The company integrates its systems with military hardware from partners like Rheinmetall for autonomous target detection, strike coordination, and reconnaissance. Key products include AI-enabled strike drones resistant to electronic warfare, underwater surveillance vehicles, and wingman pilots for fighter jets, deployed by European armed forces.

Revvity is a global life sciences and diagnostics company formed in 2023 following the rebranding of PerkinElmer. The company operates in two segments: life sciences, which provides reagents and instruments for biopharma and academic research, and signals software, and diagnostics, which offers tools in immunodiagnostics and newborn and reproductive health. Revvity’s products and services are sold worldwide, with major markets in the US, Europe, and China.

Range Intelligent Computing Technology Group Co Ltd is catering to the application needs of big data, cloud computing, Internet of Things, 5G technology, and other industries, based on computing power, digital technology as a means, and intelligent applications as a demonstration, providing a new generation of digital economy industry technology, products, services and system solutions for various industries.