Investors pour $5B into imaging AI, with average deal size tripling since 2020

26th May 2023 – Sanjay Parekh – Featured on radiologybusiness.com

Venture capital firms have poured nearly $5 billion into imaging artificial intelligence companies since 2015 with a marked change in deal sizes this year, according to new research.

A few years ago, investors were more focused on small AI vendors that were in their early startup phase. But as they’ve matured, average deal size has more than tripled, from $8 million in 2020 to $28 million this year, according to Signify Research.

“Despite the COVID-19 global pandemic, most VC funding was raised in 2021, and this was largely driven by companies from China raising investments” Sanjay Parekh, PhD, senior market analyst for the Cranfield, England-based research firm, wrote May 15. “However, surprisingly, there has been no notable funding raised from companies from Asia Pacific in 2023 to date.”