PathAI

PathAI

AI-powered pathology platform for diagnostics

About PathAI

Simplify's Rating
Why PathAI is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

AI & Machine Learning

Healthcare

Company Size

201-500

Company Stage

Debt Financing

Total Funding

$251.6M

Headquarters

Boston, Massachusetts

Founded

2016

Overview

PathAI improves patient outcomes by using an AI-powered pathology platform that enhances the accuracy of disease diagnoses and treatment effectiveness, particularly for cancer. The platform utilizes advanced machine learning techniques to analyze medical data, helping healthcare providers, research institutions, and pharmaceutical companies make better-informed decisions. Unlike many competitors, PathAI focuses specifically on pathology and collaborates closely with its partners through licensing and service agreements. The company's goal is to solve complex healthcare challenges and significantly impact patient care, while also fostering a supportive work environment as recognized by BBJ's Best Places to Work.

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Simplify's Take

What believers are saying

  • PathAI's CE mark certification enables expansion into the European diagnostic market.
  • Partnerships with biobanks provide access to large datasets for AI model training.
  • AI-driven tools improve diagnostic accuracy and efficiency in pathology workflows.

What critics are saying

  • Emerging AI pathology startups could threaten PathAI's market share.
  • Rapid AI advancements require continuous R&D investment to remain competitive.
  • Ethical concerns and regulatory scrutiny may slow adoption of AI diagnostic tools.

What makes PathAI unique

  • PathAI offers end-to-end automation for scalable, cost-effective pathology solutions.
  • The company focuses on AI-driven diagnostic tools for accurate disease diagnosis.
  • PathAI's partnerships enhance its AI capabilities in precision medicine and drug development.

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Funding

Total Funding

$251.6M

Above

Industry Average

Funded Over

6 Rounds

Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison
Coming Soon

Benefits

Competitive medical, dental, and vision insurance

Retirement plan options

Paid parental leave

Health & wellness benefits

Flexible work options

Generous paid time off

Growth & Insights and Company News

Headcount

6 month growth

3%

1 year growth

4%

2 year growth

5%
Hit Consultant
Feb 4th, 2025
Pathai Launches Pathassist Derm, An Ai-Powered Tool For Skin Lesion Analysis

What You Should Know:– PathAI, a provider of AI-powered pathology solutions, today announced the launch of PathAssist Derm, an innovative tool designed to streamline the analysis of skin lesions.– Available now on the AISight® Image Management System (IMS), this research tool automates specimen orientation and identification, enabling pathologists to review samples more efficiently and accurately.PathAssist Derm CapabilitiesPathAssist Derm is the latest addition to PathAI’s suite of AI-powered solutions available on the AISight® IMS. This comprehensive platform provides pathologists with a range of tools to streamline their workflows and improve diagnostic accuracy. PathAssist Derm offers several key capabilities:Automated Specimen Orientation: Eliminates the need for manual orientation of glass slides, saving pathologists valuable time and reducing the risk of errors.Eliminates the need for manual orientation of glass slides, saving pathologists valuable time and reducing the risk of errors. Lesion Identification: Predicts the presence of 17 different skin lesion entities, including common and rare conditions, aiding in diagnosis and research.Predicts the presence of 17 different skin lesion entities, including common and rare conditions, aiding in diagnosis and research. Detailed Measurements: Provides precise measurements of lesion size and characteristics, facilitating quantitative analysis.“Skin cancer remains the most prevalent cancer worldwide, with over 1.5 million new cases diagnosed annually, which are associated with 60,000 deaths from melanoma alone,” said Andrew Beck, Co-Founder & CEO of PathAI. “These statistics present a critical opportunity for innovation in skin cancer research, both in the diagnostic and therapeutic realms

Hit Consultant
Jan 23rd, 2025
Pathai Partners To Deploy First Ai-Powered Biospecimen Solutions

What You Should Know:– PathAI, a leading provider of AI-powered technology for pathology, today announced a strategic partnership with Discovery Life Sciences, a leading biospecimens and specialty lab testing company, to offer Discovery’s customers enhanced, AI-enabled digital and quantitative insights from biospecimens to better inform drug and diagnostic development.– This collaboration marks a milestone as the first at-scale deployment of AI technologies into a leading commercial biobank.Transforming Pathology Workflow: PathAI and Discovery Life Sciences Partner to Advance Precision MedicinePathAI and Discovery Life Sciences have entered a strategic partnership to integrate PathAI’s AISight® Image Management System (IMS), ArtifactDetect, and TumorDetect products into Discovery’s global biospecimens business. This collaboration aims to revolutionize traditional pathology workflows by automating routine tasks, enabling pathologists to dedicate more time to complex analyses, and empowering Discovery’s customers with enhanced tissue-level quantitative insights.Key Highlights of the Partnership:Automation of Pathology Workflows: PathAI’s advanced AI-driven tools will significantly reduce manual workload, saving time and increasing efficiency.PathAI’s advanced AI-driven tools will significantly reduce manual workload, saving time and increasing efficiency. Enhanced Data Quality: Discovery will provide customers with standardized, structured data and deeper tissue-level insights, improving the quality of research outputs.Discovery will provide customers with standardized, structured data and deeper tissue-level insights, improving the quality of research outputs. Custom AI-Driven Solutions: The partnership includes the development of a proprietary AI-driven tissue analysis panel exclusive to Discovery, advancing translational research and biomarker discovery for biopharma partners.Expanding AI-Driven InnovationsThis partnership extends beyond Discovery’s biospecimens business to include potential applications within Discovery’s Specialty Lab Services. These AI-driven solutions are expected to accelerate drug development and precision medicine by providing advanced insights for biopharma research initiatives.Advancing Precision Medicine and DiagnosticsWith increasing investments in immuno-oncology and antibody-drug conjugates, the demand for precise diagnostic tools that optimize patient selection continues to grow. By combining PathAI’s cutting-edge technology with Discovery’s structured, multi-modal datasets, the partnership aims to:Accelerate the development of new assays and diagnostic tools.Enhance the reliability and speed of biomarker discovery.Improve patient outcomes through advanced diagnostic precision.Leadership Perspective“Our digital pathology solutions will enable Discovery Life Sciences to provide unparalleled accuracy and speed in pathology assessments, ultimately benefiting their customers with enhanced data quality and insights,” said Andy Beck, CEO of PathAI

Tech.eu
Jan 3rd, 2025
Your Health - Which Way Will Ai Go In 2025?

If 2023 was the year that generative AI came crashing into the world of humans and made everybody fear for their jobs and their futures, 2024 was the year that the narrative changed.The past 12 months have seen astonishing developments in healthcare and while those not engaging with AI will surely lose their jobs, for those who can afford it, AI is going to prolong lives and banish diseases that today damage people’s quality of life.I give it about five years. Hang on until then and while we may not live forever, we will live better and stronger, holding hands with the machines of loving grace.AI is pulsing through diseases like some kind of digital defibrillator. But is AI the angel on our shoulder or the devil in disguise? Will it be Jekyll or Hyde, what has 2025 in store for our health and our outlook on life?AI has already changed healthcare foreverDeepMind’s AlphaFold, the molecular mastermind that cracked protein structures has already turbocharged drug discovery. The result? Incipient therapies for living nightmares such as Alzheimer’s, cancer and rare genetic diseases. What used to take years now takes days to diagnose.AI is already used widely in healthcare. Algorithms are used to predict patients' risk of death or deterioration, to suggest diagnoses or triage patients, to record and summarise visits to save doctors work and to approve insurance claims.The thing about AI in diagnostics is that it doesn’t blink

EIN News
Nov 19th, 2024
Deep Bio and PathAI Collaborate to Drive AI-Powered Innovations in Digital Pathology

This collaboration combines Deep Bio's clinically validated AI technology with PathAI's advanced digital pathology platform, expanding access to powerful diagnostic tools for prostate cancer.

Clario
Oct 9th, 2024
Clario and PathAI Collaborate to Deliver Integrated Solution for GI Clinical Trials

PHILADELPHIA - October 10, 2024 - Clario, a leading provider of endpoint data solutions to the clinical trials industry, is excited to announce a strategic partnership with PathAI, a leader in AI-powered digital pathology solutions aimed at improving diagnostic accuracy and efficiency.

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