Irish pathology software developer Deciphex raises $12m

Susan R. Jones

Irish pathology program and providers developer, Deciphex, has raised $11.5m in funding.

The funds in the Sequence B spherical was provided by ACT Venture Cash, with Charles River Laboratories, Novartis, IRRUS Investments, Nextsteps Funds, HBAN Medtech Syndicate and other current investors also getting part.

Established in 2017, Deciphex employs digital pathology and AI to velocity up pathology diagnostics, improving upon productiveness.

Its Patholytix electronic pathology system is also used in investigate by a bulk of the world’s most significant pharmaceutical businesses and agreement investigate organisations.

“This funding is an critical milestone for the small business in its ambition to use Electronic Pathology and AI to network and accelerate the world’s clinical and non-clinical pathologists,” stated Donal O’Shea, Main Executive Officer of Deciphex.

“The ongoing support from our lengthy term buyers along with the addition of new strategic associates reaffirms the benefit we are bringing to the pathology local community and the ambition of our long term expansion plans’.”

In March of last year the company attained a offer with analysis organisation, Charles River Laboratories, Global Inc. which is to use its applications to velocity up the assessment of drug security.

Late very last yr the organization introduced a new scientific diagnostics services identified as Dagnexia, which delivers world wide on need access to distant subspecialty medical pathologists for diagnostic and consulting companies.

“Deciphex has built a platform to aid and enrich Pathologists’ capacity to produce their expertise at scale,” claimed John O’Sullivan, Standard Companion of Act Enterprise Capital.

“Donal and the crew developed the merchandise with leading Pathology teams and the adoption around the past 2 yrs has verified the functionality and possibility to re-software the Pathology perform bench.”

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