Wisconsin health system, Nvidia back healthcare AI company in $54M round

Wisconsin health system, Nvidia back healthcare AI company in $54M round unknown

A Wisconsin health system joined Big Tech in backing a healthcare artificial intelligence company.

La Crosse, Wis.-based Gundersen Health System participated in a $54 million series D funding round July 27 for Flywheel, which analyzes medical imaging data via AI. The investment also featured Microsoft, Hewlett Packard Enterprise and NVentures, the venture capital arm of Nvidia, an AI company that's valued at more than $1 trillion.

"The application of AI has led to the discovery of new drugs, identifying patterns in disease, and improvements in patient care," said Mohamed "Sid" Siddeek, head of NVentures, in a June 27 news release. "Flywheel uses AI to unlock the value within medical imaging data, signaling the continued benefit of applying AI across the healthcare industry."