New Lantern combines PACS and reporting software into a single, cloud-based platform that automates tedious radiology tasks such as making measurements on scans and writing reports. Founder Shiva Suri developed the product after observing radiologists spend many hours on workflow tasks rather than image interpretation. The company says its software can enable radiologists to complete twice as many cases in the same timeframe, and Suri noted some radiology practices are already using the product. New Lantern aims to replace and modernize radiology software by storing data in the cloud and integrating viewing and reporting tools. The article positions New Lantern as seeking the biggest evolution in radiology software since the switch from physical film to PACS. Incumbent vendors mentioned include GE Healthcare and Philips for PACS, Microsoft's Nuance for reporting, and Rad AI as an AI-first competitor.

Total raised

$19M

Funding rounds

1

Latest round

Series A

Latest activity

Nov 2024