UK startup behind AI-based skin cancer screening service raises $5M

UK-based startup Skin Analytics, which developed a skin cancer screening service that uses artificial intelligence, has raised over $5 million in Series A funding. The round was led by Hoxton Ventures, with participation from Nesta and Mustard Seed Ventures. Skin Analytics developed a machine learning algorithm, DERM, that recognises melanoma, one of the most serious type of skin cancer.