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The Spanish medical image analysis startup, Quibim, consolidates its growth in the US.

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The Spanish medical imaging analysis startup, Quibim, has announced its consolidation after registering solid growth in the United States. This year, the company has multiplied its turnover by five, thanks to its collaborations with radiologists, hospitals and pharmaceutical companies first level. The objective of the company is accurately predict patient outcomes using data extracted from medical imaging to avoid unnecessary procedures.

Nowadays, repeat biopsies as standard of care is not frequent, nor the evaluation of the resistance of a tumor over time. For their part, the molecular biology techniques they have limited accessibility, high costs and long delivery times, causing delays of approximately 2-3 weeks in the initiation of treatments for critical illnesses such as lung cancer. As a perfect complement, medical imaging tests, such as magnetic resonances, TACs and TEPs, are performed in each of the stages of the disease. Quibim’s business model takes advantage of this standard of care and offers different solutions that deeply analyze the image and extract critical information, helping in the accurate detection and rapid diagnosis of the disease throughout the patient’s journey.

The AI-based medical devices of the company, such as QP-Prostate, marketed in the United States and Europe, and QP-Brain, sold only in Europe, aim to reduce the workload of healthcare professionals by independently conducting detailed analysis and comparison of medical images, allowing automatic and accurate filling of radiological reports. Since images are Quibim’s main source of data, the company participates every year in international congresses in the field of medical imaging. The company has been present at the Congress of the Radiological Society of North America (RSNA), where he has presented his medical imaging solutions, and his vision of transforming imaging data into actionable predictions.

A new category within precision medicine

Quibim was born with its roots in data and its ability to transform medical research. The founders of Quibim, the Dr. Ángel Alberich-Bayarri and Dr. Luis Martí Bonmati, they saw an opportunity to improve healthcare through deep analysis of medical imaging and biotechnology research. Now, Quibim’s uniquely designed tools have allowed them to extract data from multiple imaging modalities, increasing the probability of early detection of pathologies and their prognosis in various areas of medicine, such as oncology/immunotherapy, rheumatology and neurology.

Quibim’s technology also provides great value to blue chip pharmaceutical companies by enhancing their drug programs and answering critical questions. His most recent collaboration with one such company was to understand why the results of his new immunotherapy drug for lung cancer were not equal to or better than standard care, leading to the discontinuation of the entire program for this drug. . Quibim created an AI model that analyzes the reference TAC and predicts which non-small cell lung carcinoma (NSCLC) patients will respond to immunotherapy. The collaboration allowed the biopharmaceutical partner to improve the design of future clinical studies in immunotherapy and NSCLC, through better selection of patients in the enrollment process.

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These types of collaborations allow Quibim to improve the company’s existing products, as well as create new ones that cover urgent unmet needs of cancer patients.

Solutions to optimize the detection and diagnosis of diseases

Seeking to improve diagnostic accuracy, Quibim has created several solutions based on the Artificial Intelligence (AI) to speed up the interpretation of medical images and reduce disease detection processes.

One of their solutions is QP-Prostate, an innovative software that uses AI to streamline prostate MRI interpretation and pre-populate radiology reports. This software can help specialists extract imaging biomarkers for critical conditions involving the prostate by analyzing the organ in depth. QP-Prostate can also detect the various regions of the prostate and surrounding structures and perform automated regional segmentation of the gland and seminal vesicles based on convolutional neural networks (an artificial intelligence technology applied directly to images).

The company has also created other AI software for analysis at the neurological level: QP-Brain. This tool offers the opportunity to precisely and accurately examine changes in the brain over time, providing insight into disease progression and treatment success. QP-Brain automatically analyzes the volumes of specific structures in the brain and the number and volume of brain lesions, allowing immediate comparison with reference data from a healthy cohort. The company hopes to introduce this novel solution to the US market in 2023, as it is currently only available in Europe.

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Titbit raises 150,000 euros in its second investment round

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Three years ago, two entrepreneurs from Barcelona They launched an innovative project within the audiovisual production sector. Arnau Seix and Adrià Coll They founded the digital video startup, Titbit, weeks before COVID broke out, and in the middle of the pandemic they managed to raise their first round of investment. Three years later and with a consolidated project, the production company closes a new capitalization in which he has once again raised 150,000 euros.These rounds of adjusted capital allow us to grow and evolve in a conscious and reasonable way, without having to make disproportionate growth promises that imply making investments at a frenetic pace”explains Arnau Seix, who together with his partner and co-founder is committed to continuing to strengthen the bases to achieve the objectives set.

On this occasion, Titbit has given entry to reference investors in the world of advertising, and among them stands out one of the leaders in the sector, Juan Manuel de la Nuez, a professional with extensive experience and former CEO of the Wunderman Thompson agency. “In my professional career, I have met clients many times to whom the issue of content production for external communication or even internally, it was a real headache for them, since the agencies could not respond competitively in time or cost, and neither could the production companies. For this reason, when I got to know Titbit, I understood that it is a solution that responds to these headaches and therefore represents a clear potential for growth and investment.”.

With this round, Titbit aims to increase its national expansion, both commercially and in product development. The startup’s headquarters are located in Barcelona and also has an office in Madrid. “We want to create a commercial network that allows us to help other countries to achieve more agile and economical productions, since we have confirmed that the creation of digital content suffers the same problems outside our borders”. In addition, the celebration of the third anniversary of the startup coincides with a change of corporate image and the launch of the new website, which is in line with continuing to innovate in the sector, reflecting the value of its disruptive proposal.

Regarding the evolution of the project in the short and medium term, at a time of economic uncertainty like the current one, companies apply budget cuts in marketing and advertising, but even so they need to communicate more than ever, since they must compensate for the loss of sales caused by the crisis. “Many brands are looking for a new way to produce their content for digital channels, and this is where Titbit’s proposal becomes more relevant than ever”, explains Arnau Seix, who also sees international markets as an interesting option to continue growing.

“In these three years we have seen how big brands have connected with our message: closed and transparent prices, much more agile productions (maximum 15 days) and unlimited rights of use in all their pieces”. Stephanie SalvatMarketing Manager of Hoteles Hesperia, tells about his experience with Titbit that “It is the first production company I know and with which I collaborate that has such a clear differential value proposition”.

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Creek Technologies acquires Imburse to improve the payment experience

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Operation of great importance in the insurance industry. Smart solutions provider, Creek Technologys, has just announced the definitive agreement of the purchase of Imburse Paymentsa modern payment platform based in Switzerland.

The payment solution software-as-a-service (SaaS) native on the cloud de Imburse is designed for the insurance sector. It offers greater ease and efficiency in insurance transactions end to end. In addition, Imburse enables insurers to quickly connect to the entire payments ecosystem at lower cost, seamlessly integrate into existing financial infrastructure and processes, and manage multiple partners for collections and disbursements, all in one place.

The platform is consumer-oriented and offers policyholders a flexible and easy-to-use checkout experience, as well as the possibility of directing payments quickly and safely.

As part of Duck Creek, Imburse will continue to serve its current customer base and markets, while accelerating expansion goals to new customers throughout Europe, North America and Asia-Pacific. Although Imburse will continue to be available as a standalone, the platform will be fully integrated with Duck Creek’s suite of technology solutions, further enabling insurers’ digital transformation goals through modern tools.

Product for the global industry of the sector

“Imburse has developed a great product for the global insurance industry that is not only easy to integrate and implement, but also offers insurers incredible flexibility and payment options”said Mike Jackowski, CEO of Duck Creek Technologys. “Imburse has a robust team that represents the core values ​​of Duck Creek. They have deep experience across the payments ecosystem and will help extend Duck Creek’s leadership in the insurance industry.”

“Being a part of Duck Creek will further accelerate our mission to simplify the way businesses around the world access the global payments ecosystem,” said Oliver Werneyer, CEO of Imburse. “We are excited to be a part of Duck Creek and to work together to deliver modern technology innovations that will transform the insurance industry of the future.”

The acquisition remains subject to customary closing conditions and is expected to close during the second fiscal quarter of 2023.

The Creek Technologys entry acquires Imburse to improve the payment experience is original of MuyPymes

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The Community of Madrid chooses EAE Business School as project accelerator

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EAE Business School Madrid, which is part of Planeta Formación y Universidades, has been chosen by the Community of Madrid What innovative project accelerator of entrepreneurship, in collaboration with other prestigious entities such as Lanzadera and Wayra. This initiative is expected to contribute to accelerating 50 new ideas and projects.

Within the framework of the Recovery, Transformation and Resilience Plan, financed by the European Union – Next Generation fund, the business school has been chosen as the head of this initiative in Madrid whose objective is to promote entrepreneurship and the talent of the region, strengthening the value chain of the cultural and creative industry and, therefore, stimulating the recovery of the Spanish economy.

«Being the only educational institution chosen by the Community of Madrid as an accelerator agent is an important recognition of which we are very proud. Collaboration in this project reinforces the great work that EAE Business School Madrid is doing to promote entrepreneurship and innovation, vital aspects for our school. In addition, this initiative reinforces our commitment to position EAE Business School Madrid as a key school for attracting young entrepreneurs with disruptive and creative ideas that will lead the future of the business and economic ecosystem in Madrid and, therefore, in Spain.”says Javier Almazán, Director of EAE Business School Madrid.

Flexibility and adaptability of business projects

The accelerator and its development programs will contribute to increasing the flexibility and adaptability of new business projects, in a global context of continuous change. Its objective is not only focused on providing capital through seed investmentsbut also in accompanying ideas with high growth potential in order to implement them successfully.

To this end, EAE Business School Madrid will play the role of mentor and tutor to entrepreneurs, offering intensive training programs and thus contributing to generating an ecosystem of cooperation and communication with other agents and strategic entities.

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In addition, this mentoring will boost the transformation of cultural activities towards digitization thanks to the incorporation of new Technologys in projects, favoring synergies between the cultural and creative industry with other economic sectors. For this reason, the collaboration of EAE Business School Madrid will improve access to financing for cultural projects, accelerating the professional growth of entrepreneurs and companies.

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