The startup's goal is to modernize how radiologists work with the help of AI and by storing all data in the cloud. New Lantern aims to disrupt the radiology software market, which is currently dominated by GE Healthcare, Phillips, and Microsoft's Nuance. Suri envisions New Lantern as the biggest evolution in the market since the switch from physical film to PACS.
Key takeaways:
- Shiva Suri, a former engineer at Confluent, founded New Lantern, a startup that automates tedious radiology-related tasks such as making 3D measurements on scans and report writing.
- New Lantern combines the two software systems most used by radiologists, PACS and reporting software, into one platform, aiming to enhance efficiency and enable radiologists to complete twice as many cases in the same timeframe.
- New Lantern raised a $19 million Series A funding round led by Benchmark, with the goal of replacing and modernizing how radiologists work, including storing all data in the cloud.
- Despite competition from incumbent providers of PACS like GE Healthcare and Phillips, and reporting software providers like Microsoft’s Nuance and Rad AI, New Lantern aims to disrupt the radiology software market.