Sopris Capital led a Series A funding round in PaxeraHealth.

Sopris Capital, a venture capital firm focused on technology-enabled healthcare solutions, led a Series A funding round in PaxeraHealth, a medical imaging and AI developer. Financial terms were not disclosed. “We are thrilled to partner with a supportive, successful investor who sees the disruptive potential of AI in Healthcare. Our goal is not to build yet another AI algorithm, but to democratize AI in medical imaging and make it accessible, affordable and faster to deploy. PaxeraHealth’s industry-first “Algorithm as a service” platform is designed to enable healthcare facilities to create AI algorithms with no coding, using their own imaging data sets. This will accelerate AI adoption and help reduce diagnostic errors in medical imaging, thus reducing overall healthcare costs,” Dr. Mohamed Shoura, PaxeraHealth Founder and CEO.