In a recent Figure 1 press release, they explain the making of Figure 1's Series B round.
The mission of Figure 1 is to democratize medical knowledge. With our newly closed Series B fundraising round, we now have another US$10M and the expertise of such investors as Samsung NEXT and John Hancock/Manulife to further that goal. Simply put, we are here to help healthcare professionals use their shared expertise to improve patient outcomes.
What does that mean, exactly?
- It means that when a licensed practical nurse in Georgia reports a mass overdose in her area due to unidentified pills, a technician can identify the narcotic faster than the on-site forensic chemists. (It was Carfentanyl.)
- It means that when a family doctor on a remote Pacific island shares an x-ray of a 9-year-old girl with a swollen face, doctors, dentists, and nurses all offer immediate feedback. (It was a displaced tooth.)
- It means that when the British Institute of Radiology wants to help doctors identify swallowed dental work, they post images on their Figure 1 account. (In their words, “a dental nightmare, resolved.”)