Mindpeak, a Hamburg, Germany-based provider of AI-powered pathology solutions, has secured $15.3 million in Series A funding.
Investors
The round was led by ZEISS Ventures and InnoVentureFund, with participation from AI.FUND and the European Innovation Council Fund.
ZEISS Ventures, the corporate venture arm of ZEISS Group, invests in deep-tech startups with disruptive potential beyond ZEISS's core business. In addition to capital, it offers startups access to ZEISS's resources, expertise, and global network to accelerate growth and innovation.
InnoVentureFund supports innovative startups in Hamburg with investments of up to EUR 7 million, co-investing with private investors. Funded by 70% from the federal government (via KfW) and 30% from the City of Hamburg, it is managed by IFB Innovationsstarter, a subsidiary of Hamburgische Investitions- und Förderbank.
Mindpeak Use of Funds
The funding will support the global expansion and commercialization of Mindpeak's cutting-edge technologies and accelerate the development and deployment of its AI solutions.
About Mindpeak
Founded in 2018, Mindpeak focuses on developing advanced algorithms that assist pathologists in diagnosing diseases, particularly cancer. The company develops innovative algorithms that support pathologists in routine diagnostics, emphasizing the automation of tissue analysis for faster, accurate results. Mindpeak’s platform is designed to enhance productivity and diagnostic confidence in clinical labs, ultimately improving patient outcomes in cancer care. Mindpeak’s solutions are widely used in clinical settings, with regulatory approvals in both the US and the EU, and have supported over 30,000 patient diagnoses.
Funding Details
Company: Mindpeak GmbH
Raised: $15.3M
Round: Series A
Funding Date: September 2024
Lead Investors: ZEISS Ventures, InnoVentureFund
Additional Investors: AI.FUND, European Innovation Council Fund
Company Website: https://www.mindpeak.ai/
Software Category: AI Pathology Solutions
Source: https://www.businesswire.com/news/home/20240929105180/en/