AI firm Bay Labs nets $5.5M in financing

Artificial intelligence (AI) medical technology firm Bay Labs has completed a round of financing worth $5.5 million.

The San Francisco-based company plans to use the proceeds to continue clinical validation and technological development of its cardiovascular imaging products for the U.S. market.

Bay Labs currently partners with the Minneapolis Heart Institute and Allina Health, Northwestern Medicine, Duke University, and cardiologists at Stanford University to develop, test, and validate deep-learning algorithms for echocardiography.

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