SOPHiA GENES, the shoutily and badly capitalized-named startup that’s combining machine learning tools for medical imaging and hereditary sequencing to come up with a more holistic view of diseases for much better patient care, has raised $110 million in brand-new funding.

The Series F round for the business was led by aMoon an Israeli healthcare and life sciences investment fund, and HItachi Ventures, the investment arm of the Hitachi Group.

Financial services firms like Credit Suisse and the PIctet Group, together with previous investors including Swisscom Ventures, Endeavour Vision, Generation Financial Investment Management, and Eurazeo Growth likewise participated in the financing.

The business’s technology uses numerous sources of medical data to come up with potentially unique insights about how illness spread out in the body and offer much better methods to coordinate care amongst different. The Boston and Lausanne, Switzerland-based company’s tech is presently used by over 1,000 healthcare institutions and has examined 600,000 genomic profiles, according to a declaration.

The goal, the business said, is much better patient care.

According to a declaration, the brand-new financing will be used to broaden the business’s footprint in the US and Asian markets.

It also appears that the company might be getting ready for a public offering. It’s included Didier Hirsch, the former chief financial officer of Agilent, to its board of directors and has actually created an audit committee (typically a stepping stone on the way to a dive into public market waters).

“Our company believe that SOPHIA’s decentralized design will play a critical function in empowering health companies to use better patient care,” stated Dr. Tomer Berkovitz, Partner & & CFO of aMoon, in a declaration.

Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.