# Braid Health

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/braid-health

- Industry: Healthcare
- Headquarters: San Francisco, US
- Website: www.braid.health
- Total disclosed funding: $9M
- Latest round: Series A (May 7, 2020)
- Investors on record: 3

## About

Braid Health, Inc. develops AI-driven radiology solutions to enhance patient engagement and streamline medical imaging, providing innovative tools for patients to access and understand their health information.Founded in 2018, Braid Health, Inc. specializes in AI-powered radiology services. The firm is headquartered in San Francisco, US. The company has successfully raised USD 6.00 mn in its Series A funding on May 7, 2020, led by Lux Capital with participation from 01 Advisors and Room40 Ventures. The CEO of Braid Health is Kevin Quennesson, who co-founded the company alongside Alessandro Sabatelli and Wei-En Tan.Braid Health, Inc. specializes in AI-driven radiology solutions designed to enhance patient engagement and streamline the medical imaging process. Their flagship offering, Ask AI, enables users to access and explore their medical images instantly, providing a platform for patients to gain insights into their health. This service is particularly beneficial for individuals seeking immediate answers about their medical conditions, as it allows for the integration of interpretations from board-certified radiologists as needed. Additionally, the company offers features such as second opinions and a patient wallet, empowering users to take control of their healthcare experiences. Braid Health’s services are primarily targeted at consumers in North America and Europe, aiming to cater to a diverse clientele that includes clinics, hospitals, and individual patients.Braid Health operates on a transactional model that includes subscriptions and partnerships with healthcare facilities and individual users. Through their Ask AI platform, the company facilitates a structured pricing plan that allows users to access medical imaging services and expert radiologist consultations on a subscription basis. This model enables both B2B and direct-to-consumer transactions, creating a revenue stream from healthcare providers utilizing the platform for their patients, as well as from individual consumers seeking personalized health insights. The revenue structure is anchored in the recurring fee from subscriptions while also incorporating one-time fees for additional services such as second opinions and expert consultations.Braid Health, Inc. plans to utilize its most recent funding of USD 6.00 mn from the Series A round to enhance its product offerings and expand its market reach. The company is focusing on launching new features within the Ask AI platform aimed at improving user experience and engagement. Additionally, Braid Health targets expansion into new markets in Europe by 2022, with a strategy to secure partnerships with additional healthcare facilities. Recent funding will support these initiatives, ensuring the firm can meet the growing demand for its innovative radiology solutions.

## Funding rounds

- Series A, May 7, 2020, $6M — Lux Capital, Room40 Ventures, 01A
- Seed, Oct 30, 2018, $3M — Lux Capital

## Investors

- Lux Capital (https://capitalatlas.ai/funds/lux-capital) — Seed, Series A
- Room40 Ventures (https://capitalatlas.ai/funds/room40-ventures) — Series A
- 01A (https://capitalatlas.ai/funds/01a) — Series A