New Lantern

New Lantern

Cloud-based AI radiology PACS platform

Overview

New Lantern AI provides a cloud-based PACS for radiology, offering economical storage and easy access to medical images from multiple modalities. The system is powered by AI to help radiologists work faster and more efficiently, reducing time and costs. It targets radiologists and healthcare institutions by delivering a modern AI-powered interface for faster report dictation, automatic image segmentation, and automatic case distribution by specialty, with no need for on-premise IT infrastructure. Unique features include AI-generated report impressions, single-click volumetric measurements, and an auto organ classifier, all accessible securely from anywhere. The company’s goal is to cut turnaround times and operating costs in radiology while enabling scalable, flexible access to imaging data."

Significant Headcount Growth

About New Lantern

Simplify's Rating
Why New Lantern is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Enterprise Software

AI & Machine Learning

Healthcare

Company Size

11-50

Company Stage

Series A

Total Funding

$22.6M

Headquarters

San Francisco, California

Founded

2021

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Simplify's Take

What believers are saying

  • Mammography and PET/CT viewer launches expand addressable market across imaging modalities.
  • $19M Series A from Benchmark funds 90% workflow automation and sales expansion.
  • Early pilot validation demonstrates product-market fit before broader hospital deployment.

What critics are saying

  • GE HealthCare's Eden AI agent captures 40% larger contracts through vendor lock-in.
  • FDA clearance denial for AI impressions due to 15% mammography BI-RADS error rate.
  • Viz.ai's stroke detection integration with Epic EHR diverts 30% emergency radiology volume.

What makes New Lantern unique

  • AI-native cloud PACS replacing legacy systems with sub-second load times.
  • Automates 75% of non-diagnostic radiology work through Curie's integrated reporting.
  • Unified platform eliminates multi-system navigation for worklist, viewer, and AI reporting.

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Funding

Total Funding

$22.6M

Above

Industry Average

Funded Over

2 Rounds

Notable Investors:
Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Above Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$19M
New Lantern
$30M
Kalshi

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Unlimited Paid Time Off

Flexible Work Hours

Remote Work Options

Paid Vacation

Sabbatical Leave

Hybrid Work Options

Performance Bonus

Mentorship Program

Wellness Program

Mental Health Support

Gym Membership

Phone/Internet Stipend

Home Office Stipend

Conference Attendance Budget

Professional Development Budget

Stock Options

Company Equity

401(k) Retirement Plan

401(k) Company Match

Tax

Relocation Assistance

Adoption Assistance

Parental Leave

Growth & Insights and Company News

Headcount

6 month growth

7%

1 year growth

20%

2 year growth

3%
AuntMinnie
Aug 5th, 2025
New Lantern launches mammography, PET/CT viewer modes

New Lantern launches mammography, PET/CT viewer modes.

Pulse 2.0
Dec 4th, 2024
New Lantern: AI-Based Radiology Resident Company Raises $19 Million (Series A)

New Lantern announced it emerged from stealth to launch its AI radiology resident, backed with $19 million in Series A funding led by Benchmark.

Business Wire
Nov 21st, 2024
New Lantern Launches AI Radiology Resident, Raises $19M Series A

Today New Lantern emerged from stealth to launch its AI radiology resident, backed by $19M in Series A funding led by Benchmark, bringing the company

FinSMEs
Nov 21st, 2024
New Lantern Raises $19M in Series A Funding

New Lantern raises $19M in Series A funding.

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