Doctor and medical-imaging focused social media app developers Figure 1 have raised $10 million to support their app, which is often described as “Instagram for doctors,” according to a MobiHealthNews report.
The Toronto-based company, founded in 2012, has raised a total of $23 million so far to support its social network which allows physicians, nurses and associated staff and medical students to share medical images.
Photos are screened by the company’s medical officer, as well as a team of moderators, to remove personal identification. An additional feature of the program blocks faces to further increase privacy, according to MobiHealthNews.
Figure 1 said that the image-sharing program had already been used to identify shiitake mushrooms as the source of a whiplash-like rash on a toddler, to identify swallowed dental work and to identify pills that were the source of a mass overdose in Georgia, according to a blog post.
The round was led by Kensington Capital Partners and joined by Samsung NEXT Ventures, John Hancock/Manulife Finance, WTI and Hedgewood and existing investors Union Square Ventures, Rho Canada Ventures and Version One Ventures, according to the company’s blog post.
“With this new investment, Figure 1 will expand our knowledge network, adding to the millions of healthcare professionals who help each other provide better care. We’ll build on our case intelligence, finding new ways to extract value from the tens of thousands of real medical cases in our library. And we’ll continue to do this via a free platform, available to every healthcare professional, at any time of day and no matter where they practice,” the company wrote in its post.