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Elucid Labs logo — company profile

Elucid Labs

Founded 2016 Canada Waterloo, Canada 2-10 employees Seed Health Care

General Information

Company Name Elucid Labs
Founded Year 2016
Location Canada Waterloo, Canada
Employees 2-10
Industries Health Care
Funding Stage Seed
Social

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About Elucid Labs

Elucid Labs is a Canada-based MedTech startup founded in 2016 with the mission of democratizing AI-powered point-of-care medicine through digital biopsy. The company is pioneering the development of the world's first AI-powered computational imaging device, AIDA, capable of detecting and diagnosing various diseases non-invasively. Utilizing proprietary digital biopsy computational imager and explainable deep learning engine, AIDA provides clinicians with valuable insights into skin diseases, producing a 4000-parameter unique fingerprint for lesions and translating it into clinical knowledge to assist in diagnosis and treatment decisions. Elucid's groundbreaking technology enables the rapid detection and diagnosis of skin cancer at early stages, promising reduced treatment costs and unnecessary medical procedures, heightened patient experience, and improved outcomes. The company secured its Seed Round investment on 01 August 2017 from Creative Destruction Lab, FundersClub, Radical Ventures, and Density Ventures. For more information, visit http://www.elucidlabs.com/

Business keywords: MedTech, AI-powered medicine, Digital Biopsy, Computational Imaging, Dermatology Assistant, Skin Cancer Diagnosis, Deep Learning, Clinical Decision Support, Medical Technology, Healthcare Innovation

Funding Rounds & Investors (2)

View All
Funding Stage Amount Investors Lead Investors Date
Seed Round Undisclosed 4
Creative Destruction Lab FundersClub Radical Ventures
Creative Destruction Lab, FundersClub +2
01 Aug 2017
Seed Round Undisclosed 1
DTRIBE Capital
DTRIBE Capital
01 May 2017

Elucid Labs Alternatives & Competitors

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Elucid Labs vs
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Doclink
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FAQ About Elucid Labs

Elucid Labs aims to democratize AI-powered point-of-care medicine by performing digital biopsy. Elucid is a MedTech startup building the world's first AI-powered computational imaging device that is capable of detection and diagnosis of various diseases without the need for invasive procedures for t...
Elucid Labs was founded in 2016.
Elucid Labs is headquartered in Waterloo, Canada.
Elucid Labs operates in Health Care. Its work centres on MedTech, AI-powered medicine, Digital Biopsy and Computational Imaging.
Elucid Labs has approximately 2-10 employees.
Elucid Labs has completed 2 funding rounds. The latest funding stage is Seed.
Top alternatives and competitors to Elucid Labs include Hera-MI, Artificial Intelligence Expert, Doclink, Suros Surgical Systems, UMMON HealthTech. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Elucid Labs and Hera-MI are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Elucid Labs, https://bouncewatch.com/company/elucid-labs, updated 26 December 2024. When citing, please name BounceWatch and link this page.

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