DICOM Grid has secured $7.5 million in series A financing from Canaan Partners and CHL Medical Partners, as well as private investors. The company will use the investment for market expansion and product development in the medical imaging field.
DICOM Grid supplies physicians with 24/7 access to medical imaging studies over the Internet in an effort to avoid the use of traditional mail and hand delivery of imaging studies.
"Given the explosion of medical imaging and overall physician-to-physician collaboration mandated for federal meaningful use financial incentives, the health care industry needs the ability to affordably archive, access, and exchange medical images anytime and anywhere regardless of where they were created," said DICOM Grid CEO Mike Wall.
In addition to the investment, Stephen Bloch, MD, a general partner at Canaan Partners; Myles Greenberg, MD, a general partner at CHL Medical Partners; and Steven Yecies, CEO at Chronic Health Capital, have joined DICOM Grid’s board of directors.