Stellaris Leads Investment in Radiology AI Marketplace CARPL

Stellaris Venture Partners led a $6 million funding round for a startup that’s built a marketplace for radiology-related AI applications, in a move to address a global shortage of skilled radiologists.

CARPL, founded by India-born physician Vidur Mahajan, provides a platform for testing, deploying and monitoring apps to help hospitals and imaging centers improve the efficiency and accuracy of readings. There’s already a crowded field of hundreds of startups building artificial intelligence tools for radiology imaging.

“Globally, radiology investigations are increasing by about 10% annually, but the number of radiologists being added is around 2%,” Mahajan said in an interview. ...