- Information Center
- Investment News
According to Yonhap News,
The Ministry of SMEs and Startups said on Jun. 21 that Lunit, a startup developing an AI-based diagnostic and therapeutic software services, was found to be the only one in Korea, placing its name on the list of the “WEF’s 2020 world’s leading tech companies”. The company, founded in 2013, has showcased automated machine learning tool for healthcare for the first time in Korea. The company’s flagship product is a software buddy, which helps read and analyze visual representations of the interior body such as chest x-ray images for clinical detection and diagnosis for the suspicious, abnormal tissues. The tool, named “Lunit INSIGHT”, spots cancers or solitary pulmonary nodule surrounded by lung parenchyma, capitalizing on AI- powered deep learning solutions.
Since its business inauguration, they’ve successfully attracted investment worth KRW 60 billion from Softbank Ventures Asia, Intervest and Miraeasset Korea and formed partnership with the US medical imaging processor maker, GE Healthcare, recently.
The startup, Lunit, was first established by a group of grad school students, studying AI technologies in Korea Advanced Institute of Science and Technology, KAIST, then scouted a former physician as a leader of the body, along with several others, who’ve long build up the professional career in medical image processing for years.
Copyrights Yonhap News. All Rights Reserved.
Reprint or redistribution without permission is prohibited.
Source: Yonhap News (Jun. 21 , 2020)** This article was translated from Korean.