Radiology startup, Lantern, secures $19M to revolutionise AI tools in healthcare
Radiologists may soon have a powerful ally in their work. New Lantern, an AI-driven platform designed to streamline radiology workflows, has secured $19M in funding as it aims to transform how doctors handle scans and reports.
New Lantern, a startup founded by engineer Shiva Suri, has raised $19M in Series A funding led by Benchmark. Inspired by observing his mother’s work as a radiologist, Suri created the platform to address inefficiencies in the field. New Lantern combines two core radiology tools, PACS, which stores medical images and reporting software, into a streamlined system powered by AI.
Unlike other AI solutions that focus on replacing radiologists, New Lantern enhances productivity by automating repetitive tasks like measurements and report generation. This approach allows radiologists to focus on analysing scans, which Benchmark’s Eric Vishria praised for doubling efficiency. The startup’s software is already being used by some radiology practices, although specifics remain undisclosed.
Suri envisions New Lantern as the next major evolution in radiology, akin to the industry’s shift from physical film to digital PACS. With plans to fully modernise the field, including cloud-based data storage, the company aims to disrupt entrenched players like GE Healthcare and Microsoft’s Nuance. For Suri, the personal stakes are high as his mom is an avid supporter of the platform she inspired.
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