20 July 2021 | News
Lunit is expected to file for an initial public offering on the Korean Stock Exchange later this year
Image credit- Lunit
Lunit, a South Korea-based startup in artificial intelligence (AI) powered cancer solutions, has announced a strategic investment of $26 million from Guardant Health, Inc., a leading precision oncology company based in the US.
Lunit has closed its Series C Tranche B funding round with the investment from Guardant Health. Lunit is expected to file for an initial public offering on the Korean Stock Exchange later this year.
At the American Society of Clinical Oncology (ASCO) 2021 annual meeting, Lunit presented that its tissue analysis platform, Lunit SCOPE, was able to find 50% more patients who would respond to immunotherapy, compared to traditional diagnostic pathology.
Lunit is a software company devoted to developing AI solutions for precision diagnostics and therapeutics, to find the right diagnosis at the right cost, and the right treatment for the right patients.