Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Tuesday, 26 April 2022, 18:07 HKT/SGT

Source: Legend Capital
Legend Capital Portfolio: Korean Medical AI Company Lunit to List on KOSDAQ in 2Q2022

HONG KONG, Apr 26, 2022 - (ACN Newswire) - Legend Capital's portfolio company Lunit, a Korean Medical AI company, recently announced a preliminary approval from the Korea Exchange for initial public offering (IPO) on the KOSDAQ market, and it plans to submit a registration statement within the second quarter of 2022.

Founded in 2013, Lunit is a company with the world's top-notch AI technology focusing on R&D of medical software to assist tumor diagnosis and treatment. It utilizes advanced AI technology to process medical image data, which helps doctors to make accurate clinical decisions in diagnosis and treatment. Lunit's flagship products are Lunit INSIGHT, an AI image analysis solution for cancer screening, and Lunit SCOPE, an AI biomarker platform for cancer treatment.

According to Korean media reports, Lunit is considered one of the most promising medical AI IPOs in Korea in the first half of 2022. After the listing, Lunit plans to use the secured funding for R&D of AI products and global market development, laying the cornerstone for sustainable growth.

Lunit has partnered with global medical device giants such as GE Healthcare, Philips, and FujiFilm to supply products to about 600 medical sites in more than 40 countries worldwide. In addition, Lunit is also focusing on its biomarker business by signing an exclusive business contract with Guardant Health, a leading global liquid biopsy company.

Brandon Suh, CEO of Lunit, said: "Lunit is the first deep learning-based medical AI company in Korea with a specialized AI research team and medical team, developing AI solutions for cancer diagnosis and treatment. As our AI technologies and products are acknowledged globally, we will strive to continuously grow and pioneer the global medical AI market by going public."

Legend Capital has invested in Lunit 4 times in 2018, 2019, and 2021; it is one of the company's main investors and has long supported its development. Closely following the deep integration of medical and health industry and technology, Legend Capital has built a solid portfolio in medical AI sector in recent years. In addition to Lunit, Legend Capital also invested in a number of other leading medical AI companies, such as Xbiome, an AI-based microbiome drug development company, StoneWise, an AI technology-driven innovative drug R&D platform company, Deepwise Healthcare, an AI medical imaging company, Deep Informatics++, an AI medical pathological diagnosis company, Genome Wisdom, a genomic big data company, and Ayshealth Technology, an AI medical chronic disease management system company.

Topic: Press release summary
Source: Legend Capital

Sectors: BioTech, PE, VC & Alternatives, Artificial Intel [AI]
From the Asia Corporate News Network

Copyright © 2022 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

Legend Capital
Nov 13, 2022 10:12 HKT/SGT
Legend Capital Portfolio Company Atour Successfully Lists on Nasdaq
Nov 10, 2022 14:26 HKT/SGT
Led by Legend Capital, PureFDA Secures Over CNY100 million in the Series B Round
Nov 7, 2022 15:49 HKT/SGT
Legend Capital Portfolio Company Giant Biogene Successfully Lists on the HKEX
Nov 1, 2022 18:05 HKT/SGT
Led by Legend Capital, ClinBrain Completes Nearly CNY200 million Series C Round
Nov 1, 2022 17:51 HKT/SGT
Led by Legend Capital, Easy-Flow Raises Tens of Millions of CNY in Angel Round
Oct 20, 2022 14:45 HKT/SGT
Co-Led by Legend Capital, Top Gene Delivery Enterprise VectorBuilder Secures CNY410mn in Series C Round
Sept 25, 2022 10:56 HKT/SGT
GalaxySpace Completes a New Financing Round with Legend Capital Re-upped
Sept 25, 2022 10:47 HKT/SGT
Leadrive Technology Completes Series C Financing, Legend Capital Re-upped
Sept 2, 2022 17:05 HKT/SGT
Legend Capital: The Logic of Technology Investment Has Changed
Aug 19, 2022 17:55 HKT/SGT
Led by Legend Capital, Multi-omics-leading Enterprise APTBIO Closes Series B with Hundreds of Millions of CNY
More news >>
 News Alerts
Copyright © 2022 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 214 890 4418 | Beijing: +86 400 879 3881 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575

Connect With us: