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Australian medical-AI company receives $19.9 million government injection

( January 29, 2025, 01:15 GMT | Official Statement) -- MLex Summary: Australian artificial-intelligence company Harrison.ai, which develops technology to read CT scans and X-rays, will receive an injection of A$32 million ($19.94 million) from the Australian government, under the National Reconstruction Fund. In a statement, Minister for Industry and Science Ed Husic said the government’s equity investment would “help keep the revolutionary company’s operations based in Sydney, while advancing its unique range of radiology and pathology diagnostic-support tools.” Australia has earmarked A$1 billion to invest in a critical technologies fund and A$1.5 billion for medical manufacturing.The full statement from Australian Science and Industry Minister Ed Husic follows: ...

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