Healthcare is the hottest sector for artificial intelligence, with startups applying AI to everything from genetic research to emergency room management to clinical trials.
Deals to healthcare-focused AI startups rocketed from fewer than 20 in 2012 to 88 deals in 2016, and at the current run rate, deals this year are on track to break the annual record yet again.
The number of startups entering the healthcare AI space has also increased in recent years, with 96 companies raising their first equity rounds after January 2015. Last year also saw two new unicorns emerge in the space: China-based iCarbonX and oncology-focused Flatiron Health.
Using CB Insights data, we identified 100 companies that are applying machine learning algorithms and predictive analytics to reduce drug discovery times, provide virtual assistance to patients, and diagnose ailments by processing medical images, among other healthcare applications.
Companies on the map below are VC- and corporation-backed and have raised at least one equity round since January 2015.
This market map is not meant to be exhaustive of companies in the space. Categories are not mutually exclusive. Please click to enlarge.