14. Juli 2016
microDimensions receives Series A Financing for Digital Pathology Solutions
microDimensions GmbH, a Munich-based software and service provider for digital pathology that specializes in automated image analysis raised a Series A financing round. The company’s unique image processing technology can significantly speed up and automate workflows in (pre-)clinical drug development studies and clinical diagnosis. A consortium of five investors, led by Business Angel Dr. Adriaan Hart de Ruijter and complemented by High-Tech Gründerfonds, Bayern Kapital and a group of business angels, provided a seven-digit investment to enable microDimensions to further extend its product portfolio.
The market for digital pathology is estimated to reach a market volume of 5.2 Billion USD up until 2020. “The main drivers for digitization are the stagnating number of pathologists and the high complexity of biomarker analysis. This increases the demand for efficient workflows and cost-effective solutions in the life science industry as well as clinical pathology institutions.” explains Dr. Martin Groher, CEO of microDimensions. “The fresh capital enables us to fully exploit the potential of state of the art technologies such as automated image analysis, big data and deep learning to develop software solutions that help our customers to find the right answers to major health threats such as cancer.”
microDimensions has successfully launched a series of software products that are used by major pharma, biotech, and medtech players, and various university pathology departments. The Series A funding will be used to further develop the product line for biomarker image analysis. Besides its standardized software solutions, microDimensions offers the development of custom applications as well as a range of image analysis services. “Many research organizations are pioneers in their field and their software requirements cannot be fulfilled with an off-the-shelf product. Based on the technology and in-house expertise microDimensions can provide them with tailored solutions and on demand image analysis services in exactly the way they need it.” says Dr. Adriaan Hart de Ruijter.
Dr. Martin Groher
Rupert-Mayer-Str. 44 // 64.07