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▷ FII Institute Announces Investment in AZmed to Help Address Global Shortage of …

29.10.2021 – 17:44

The Future Investment Initiative (FII) Institute

Riyadh, SAUDI ARABIA, March 23 / PRNewswire /

The Future Investment Initiative (FII) Institute announced a EUR 1 million investment in AZmed, a developer of artificial intelligence-based diagnostic applications that can help address the shortage of radiologists around the world.

The investment, which is part of the latest AZmed round of 3.5 million euros, builds on the institute’s commitment to promoting globally relevant, practical solutions in five focus areas: artificial intelligence, robotics, education, healthcare and sustainability. AZmed is a medical technology company developing AI-powered diagnostic applications for medical images.

Julien Vidal, CEO of AZmed, said the company is addressing the recognized global shortage of radiologists. “Our goal is to be the trusted technical partner for any doctor analyzing a medical image anywhere in the world,” he said. “We look forward to working with the FII Institute, which will provide AZmed with strategic value through its connections to health and AI specialists in its network as well as go-to-market partners in the United States and the MENA region . “

The announcement of the AZmed investments takes place on the occasion of the 5th anniversary of the FII, the most important platform of the institute, which takes place this week in Riyadh. The focus of the platform is on the topic “Investing in Humanity” and discussions that may be of greatest benefit to humanity, especially in the post-Covid era.

Richard Attias, CEO of the FII Institute, welcomed the investment, saying that AZmed fits in with the institute’s mission to make an impact on healthcare, AI and education. “We are thrilled to be able to support a company focused on life-saving technologies. Improving products and services for radiologists is an important topic for this specialty and we need to put pressure on healthcare systems around the world that are already there are burdened by limited resources. “

The company’s first product, Rayvolve, is a market-leading, AI-powered fracture and chest abnormality detection tool, the first in its field to receive CE certification, ensuring that the product meets all applicable European health, safety and security standards -, performance and environmental requirements met.

This is the fourth announced investment by the FII Institute: Interstellar Lab, a space technology company developing enclosed biodomes to sustain life on Earth, the Moon, and Mars; Lilium, an electrically powered aircraft that reduces the carbon footprint of regional travel; and Red Sea Farms, an agro technology company that enables the cultivation of food using the sun and salt water in difficult desert climates.

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Information about the FII institute

The FII Institute is a global non-profit foundation with an investment line and an agenda: Making a Positive Impact on Humanity. We are committed to the ESG principles, nurture the brightest minds and turn ideas into real solutions in five focus areas: AI, robotics, education, healthcare and sustainability.

We are in the right place at the right time – in a phase in which decision-makers, investors and a committed generation of young people are full of ambition and energy for change. We use this energy in three pillars – THINK, XCHANGE, ACT – and invest in innovations that change the lives of people around the world.

Join us to help shape and realize a better and more sustainable future for humanity.

Information on AZmed

AZmed makes X-ray diagnostics easier thanks to artificial intelligence. It helps doctors save time and allocate resources for life-threatening exams. AZmed is the first French company to bring AI-based radiology software to the market.

The deep learning technologies developed by AZmed are fully integrated into doctors’ workflows, making them easy to use without having to change their work habits.

AZmed solutions are already in use in more than 250 centers. More than 2500 doctors use their solutions every day in 12 different countries.

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Press contact:

[email protected]

Middle East and North Africa
Reem Al Saud
+966 50 001 0001

North America and Europe
Richard Romm
+966 56 723 7612

Original content by: The Future Investment Initiative (FII) Institute, transmitted by news aktuell

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