lifeIMAGE raises $17.5M

What does lifeIMAGE do?

lifeIMAGE, is a startup which offers a multi-purpose, HIPAA complaint, and SaaS based platform for on demand medical imaging information exchange. It offers a solution to access and share patient imaging info for physicians, patients and heath institutions. It provides a universal imaging inbox for e-sharing the diagnostic imaging info, called “Local Appliance”. The info which can be shared includes reports, images and provides physician groups and hospitals with a tolls for viewing, storing and sharing the contents of incoming patients CDs throughout a healthcare enterprise.

How much lifeIMAGE was funded?

lifeIMAGE raised $17.5M in Venture round on May 28, 2015 from MassVentures, Galen Partners, Long River Ventures and Cardinal Partners

Previous funding

• $2.2M in Series B round on December 10, 2009
• $11.8M in Series B round on January 10, 2011 from Cardinal Partners
• $8M in Venture round on December 8, 2011

• $4Min Venture round on August 13, 2012

• $35.6M in Series C funding on April 18, 2013 from Cardinal Partners and Galen Partners

• $950.9kin Debt Financing on June 5, 2013
• $2.6Min Venture round on February 9, 2015

What is next for lifeIMAGE?

lifeIMAGE will use the latest investment for expanding resources to grow its customer base, increase its network capabilities and to implement the next phase of its go to market strategy. Its goal is to improve the quality of care while reducing its cost. With the investment the company is going to scale up and demonstrate how innovative health plans can take advantage of lifeIMAGE’s network to bring value to the provider as they adopt a value based approach for managing the health of the patients.

More about lifeImage

It was founded in 2008 by Grady Gerade. This leading platform for instant, electronic and secured medical imaging exchange has its headquarters in Newton, MA.