Nodenza backs AI Pioneer Faction Imaging Inc. to Advance the Future of Healthcare – reaching $10m funding milestone
Investment completed in December 2024 supports Faction’s AI-native imaging platform.
Funding supports development of Faction’s AI-native imaging platform, built to address critical infrastructure challenges in modern healthcare.
“We’re building imaging systems that reflect how medicine will actually work in the next decade.” said Matt McGrath, CEO, Faction Imaging
Faction has taken a clean slate approach to address the needs of patients and providers when it comes to medical imaging. They are pushing the boundaries of what is possible to revolutionise the patient pathway." said Ross Marton, Managing Partner, Nodenza
New York, NY 17th June 2025: Nodenza Venture Partners, a New York-based venture capital firm focused on breakthrough life sciences technologies that treat or diagnose and have an outsized positive impact on patients announces its investment in Faction Imaging Inc. Completed in Dec 2024, the financing allowed Faction Imaging to meet a $10million financing milestone, with Nodenza as lead VC. Faction is pioneering AI-native imaging technologies designed for future healthcare systems.
Medical imaging is foundational to clinical decision-making, yet current systems are under growing strain. Radiologists face unsustainable workloads, patients encounter delays, and legacy infrastructure is struggling to keep up with rising global demand. Faction Imaging is developing a purpose-built platform to address these deep inefficiencies at the infrastructure level, combining custom AI-native hardware, advanced materials, and next-generation computational techniques. The goal is to deliver transformative gains in efficiency, accuracy, and scalability across imaging workflows.
“Faction is rethinking imaging from first principles, it’s the kind of leap healthcare systems urgently need. Their approach tackles deep structural problems that legacy technologies simply weren’t built to solve. We’re proud to back a team with the vision and capability to redefine this space.” said Ross Morton, Managing Partner at Nodenza Venture Partners.
Faction’s platform is not just designed to improve imaging quality, it aims to redefine the role of imaging in a modern, responsive healthcare system increasingly reliant on real-time diagnostics.
Matt McGrath, CEO and co-founder of Faction Imaging, added: “We’re thrilled to be working with Nodenza as we enter this next chapter. We've spent years in clinical environments around the world, from India to Japan to the U.S. studying workflows and bottlenecks. That insight, combined with focused technology development, puts us in a strong position to deliver meaningful change at global scale.”
After operating in stealth mode for several years, Faction Imaging has built a strong foundation of scientific innovation, with a differentiated IP portfolio and early prototype systems in development. The leadership team previously created and scaled a new medical visualization segment now standard in tens of thousands of health systems and used by tens of millions of patients globally.
ENDS
Notes to Editor:
For media inquiries or further information, please contact our media agency Mediazoo.
Andrew McLachlan, PR Director – andrew@mediazoo.tv
Archit Chopra, PR Associate Director - archit.chopra@mediazoo.tv
About Nodenza Venture Partners
Nodenza Venture Partners, a New York based Life Sciences Venture Fund, provides financial and operational support to biotech and medtech companies developing products that bring exceptional benefits to patients. Established by a team of experienced life sciences entrepreneurs, founders and leaders, their approach leverages Nodenza’s extensive expertise in the creation and growth of new companies, as well as late-stage product development and launch. They invest in Seed through Series B companies that are either in development or beginning commercialization.
About Faction Imaging
Faction Imaging Inc. is developing AI-native imaging technologies designed to meet the demands of modern and future healthcare systems. With a platform that integrates next-generation hardware, materials science, and computational advances, Faction aims to deliver scalable, high-efficiency diagnostic imaging that redefines performance and accessibility across clinical environments worldwide.