Healthtech AI platform Qure.ai (Qure) on Tuesday announced it has secured $40 million in a funding round led by Novo Holdings and HealthQuad, along with existing investor MassMutual Ventures.

Qure.ai offers advanced technology that reads and interprets medical images like X-rays, CTs, and Ultrasounds in less than a minute, making equitable and highquality healthcare a reality across the globe.

Its AI solutions are US FDA-approved and evaluated by the World Health Organisation(WHO).

Qure.ai's automated medical imaging tools can shorten the time to diagnosis while enabling physicians to triage medical cases more effectively, especially in time-sensitive situations

Qure.ai said it will use the new investment to extend and strengthen its global reach, especially in the US and Europe, and intensify product development for critical care and community diagnostics.

"We are committed to aiding healthcare professionals in diagnosing illnesses faster and with more detail and accuracy while automating most of the routine work," said Prashant Warier, CEO and Founder, Qure.ai.

Qure.ai's automated medical imaging tools can shorten the time to diagnosis while enabling physicians to triage medical cases more effectively, especially in time-sensitive situations.

"Qure.ai is at the forefront of transforming diagnostics in both acute and chronic ailments, which is fully aligned with our mission of advancing highquality and accessible healthcare using innovation and digitization," said Dr Amit Kakar, Senior Partner, Head of Novo Holdings Equity Asia.

Charles Antoine Janssen, Chief Investment Officer, HealthQuad said that Qure.ai's world class AItechnologies adhere to the most stringent international standards, and have made highquality, accessible care a reality.