Trending...
- Los Angeles County Now Distributing Vote by Mail Ballots to Registered Voters in Long Beach - 1728
- Bennett Awards Announces the 'Common Good Partnership Program'
- Universal Music Group releases Digitally, Love Ride!
LOS ANGELES - Californer -- Pictor Labs, a pioneering UCLA spin-off from the renowned Ozcan Lab at the UCLA Samueli School of Engineering, has announced the successful closing of its $30 million Series B funding round. The fundraising effort was led by Insight Partners, a global private equity and venture capital firm, with additional support from M Ventures, the corporate venture capital arm of Merck. The infusion of new capital will allow Pictor Labs to further develop and scale its cutting-edge AI-driven virtual tissue staining technology, a breakthrough in digital pathology that has the potential to significantly improve diagnostic precision, efficiency, and accessibility.
Pictor Labs was founded in 2019 by Dr. Aydogan Ozcan, a professor of electrical and computer engineering and bioengineering at UCLA and Dr. Yair Rivenson, a former postdoctoral member of the Ozcan Lab, with the vision of revolutionizing histopathology by addressing one of the field's core challenges: the time-intensive and laborious nature of traditional tissue sample preparation and staining methods. The company's innovative technology, which was initially developed in the Ozcan Lab at UCLA and subsequently licensed by Pictor Labs, allows for rapid and precise analysis of tissue samples without the need for traditional chemical staining. This virtual staining process leverages artificial intelligence to generate digitally stained images from raw, label-free tissue data, producing results that are comparable to or even superior to traditional methods in a fraction of the time. As a UCLA spin-off, Pictor Labs continues to build on the foundational research conducted within the university's engineering and medical communities.
More on The Californer
Dr. Rivenson, the CEO of Pictor Labs, expressed his enthusiasm about the funding round, noting that the support from Insight Partners and M Ventures will allow Pictor Labs to expand its operations, accelerate commercialization, and drive clinical adoption of its virtual staining technology. Dr. Ozcan further emphasized that the new funding will be instrumental in scaling the company's capabilities to meet growing demand in both research and clinical settings.
In addition to the immediate benefits of speeding up the tissue analysis process, Pictor Labs' virtual staining technology offers several long-term advantages. By eliminating the need for traditional staining methods, the technology reduces the reliance on costly and often hazardous/toxic chemicals, making the diagnostic process not only faster but also safer and more environmentally sustainable. Moreover, the AI-powered nature of the system allows for greater consistency and reproducibility in diagnostic results, which can be particularly beneficial in settings where access to expert pathologists may be limited.
More on The Californer
UCLA TDG Video on Ozcan's discussion of Pictor Labs:
https://www.youtube.com/watch?v=Xn4xtX72Ieo
https://www.youtube.com/watch?v=DC5yg1WYuXc
Pictor Labs was founded in 2019 by Dr. Aydogan Ozcan, a professor of electrical and computer engineering and bioengineering at UCLA and Dr. Yair Rivenson, a former postdoctoral member of the Ozcan Lab, with the vision of revolutionizing histopathology by addressing one of the field's core challenges: the time-intensive and laborious nature of traditional tissue sample preparation and staining methods. The company's innovative technology, which was initially developed in the Ozcan Lab at UCLA and subsequently licensed by Pictor Labs, allows for rapid and precise analysis of tissue samples without the need for traditional chemical staining. This virtual staining process leverages artificial intelligence to generate digitally stained images from raw, label-free tissue data, producing results that are comparable to or even superior to traditional methods in a fraction of the time. As a UCLA spin-off, Pictor Labs continues to build on the foundational research conducted within the university's engineering and medical communities.
More on The Californer
- $19 Million Jury Award for Passport 420 in Insurance Bad Faith Case
- Dream Foundation Hosts its Second Annual No Gala Gala
- Bug Busters Celebrates 40 Years in the Pest Control Industry
- National Minority Health Association and Cell-Ed Announce Upcoming Webinar: Empowering Caregivers Through Innovative Training Programs
- California deploys additional Urban Search and Rescue personnel to support response to Hurricane Milton
Dr. Rivenson, the CEO of Pictor Labs, expressed his enthusiasm about the funding round, noting that the support from Insight Partners and M Ventures will allow Pictor Labs to expand its operations, accelerate commercialization, and drive clinical adoption of its virtual staining technology. Dr. Ozcan further emphasized that the new funding will be instrumental in scaling the company's capabilities to meet growing demand in both research and clinical settings.
In addition to the immediate benefits of speeding up the tissue analysis process, Pictor Labs' virtual staining technology offers several long-term advantages. By eliminating the need for traditional staining methods, the technology reduces the reliance on costly and often hazardous/toxic chemicals, making the diagnostic process not only faster but also safer and more environmentally sustainable. Moreover, the AI-powered nature of the system allows for greater consistency and reproducibility in diagnostic results, which can be particularly beneficial in settings where access to expert pathologists may be limited.
More on The Californer
- California: Governor Newsom announces appointments 10.9.24
- Empowering Voices: Authors Inspired To Believe In Themselves At The Envision Summit And Book Expo
- Free 6-Month Premium Matrimonial Membership Now Available on IndoMarry.com
- The Mighty Gonzales Will Attempt to Break 23 Guinness World Records on the TVS Action Network
- NEMTAC Announces Public Comment Period for the NEMTAC 3001-202X Transportation Specialist Education Draft Standard
UCLA TDG Video on Ozcan's discussion of Pictor Labs:
https://www.youtube.com/watch?v=Xn4xtX72Ieo
https://www.youtube.com/watch?v=DC5yg1WYuXc
Source: ucla ita
Filed Under: Medical
0 Comments
Latest on The Californer
- Veryon to highlight fleet efficiency solutions at Airline and Aerospace MRO IT Conference
- Tim O'Loughlin Appointed Chief Executive Officer of Vantiva and Co-opted as a Director of the Board
- TN Nursery Gears Up for Busy Fall Shipping Season with Nationwide Fast Shipping, Low Grower Prices, and Storewide Deals
- A Celebration of American Music Benefit at North Coast Repertory Theatre
- TOMORROW: Governor Newsom to participate in California Economic Summit
- Energy Psychology Group Announces Conclusion of Strategic Alliance with Cosmic Media
- Jazz Artist Bob Holz Signs With SoVibe Entertainment Plus Album Review In September 2024 Issue Of Downbeat Magazine
- Long Beach Airport Hosts 2024 Festival of Flight
- Develop Africa Partners with Sierra Leonean Painter Sahr Songu Mbriwa to Raise Funds for Education
- California: A meaty haul: CHP seizes $1.7 million worth of fentanyl in less than a week — including in raw beef
- Dark Truth Behind Targeted Violence
- Composer Andrew Prahlow to Perform Award-Winning Outer Wilds Soundtrack on Oct 17th at Brooklyn's Music Hall of Williamsburg
- All aboard! More clean buses and trains coming to California's communities most affected by pollution
- SolarTech Celebrates Grand Opening of Phoenix Facility with Ribbon Cutting Ceremony
- Are California Insurance Tax Hikes Good for Uninsurable Homes?
- New California Solar Incentives and Tax Credits
- Cell-Ed and National Minority Health Association Forge Strategic Partnership to Expand Caregiving and Health Equity Initiatives
- Fortius Metals secures $2 Million Additional Funding to Bring Advanced Metal 3D Printing to the Aerospace and Defense Industry
- Voices Rising Festival Celebrates Diversity in E. Islip, GRAMMY Governor LACHI performs!
- DEFENT Fentanyl Test Kits by DDI Introduce Anonymous Reporting Tool to Combat Opioid Epidemic