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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."

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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 & AnalyticsEnterprise SoftwareAI & Machine LearningHealthcare

Company Size

11-50

Company Stage

Series A

Total Funding

$22.6M

Headquarters

San Francisco, CA

Founded

2021

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Simplify's take

What believers are saying

  • CIRA selected New Lantern in September 2026, validating enterprise adoption with 93 radiologists.
  • Southern Radiology Ventures doubled exam volume in under a year using New Lantern.
  • New Lantern will demo at RSNA 2026, opening fresh pipeline across radiology buyers.

What critics are saying

  • Benchmark-backed $23 million funding leaves New Lantern undercapitalized against Epic, Nuance, and Sectra.
  • Radiology workflow sales depend on long hospital procurement cycles and risky data migration projects.
  • A failed RSNA 2026 adoption push leaves New Lantern trapped in crowded point-solution competition.

What makes New Lantern unique

  • New Lantern replaces PACS, worklist, and reporting inside one browser workspace.
  • Its March 2026 speech model handles radiology dictation, laterality, dates, and medical terms.
  • Specialized mammography and PET/CT viewer modes target high-complexity subspecialty workflows.

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Funding

Total Funding

$22.6M

Above

Industry Average

Funded Over

2 Rounds

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
$15M
$19M
$30M

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

Growth & Insights and Company News

6 month growth

2%

1 year growth

0%

2 year growth

0%
AuntMinnie.com
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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