NRF spends to retain AI firm
Australia is betting that AI can assist doctors and save lives.
The Australian Government's National Reconstruction Fund (NRF) has committed $32 million to Harrison.ai, an artificial intelligence company focused on improving the detection and diagnosis of disease.
The investment aims to keep the Sydney-based company operating in Australia while expanding its AI-driven radiology and pathology tools globally.
Harrison.ai’s technology is designed to analyse CT scans and X-rays with high speed and accuracy, providing doctors with additional diagnostic support.
The company’s solutions are already in use in over 1,000 healthcare facilities worldwide, assisting in the diagnosis of more than six million patients each year.
The investment announcement coincided with Minister for Industry and Science Ed Husic’s roundtable discussions with corporate AI leaders and unions on the Albanese Government’s National AI Capability Plan.
Minister Husic says the investment will ensure that Harrison.ai remains an Australian-based operation, fostering local AI and medical expertise.
“There is currently a severe global shortage of radiologists and pathologists resulting in significant diagnostic delays that can have life-threatening consequences for patients,” said
Martijn Wilder AM, Chair of the National Reconstruction Fund Corporation (NRFC).
“Harrison.ai's technology provides medical professionals with a powerful tool to detect and diagnose medical conditions quickly and accurately, alleviating pain and saving lives.”