AIQ Solutions

AIQ Solutions

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Private Company

Total funding raised: $16.3M

Overview

AIQ Solutions, founded in 2018 and based in Cambridge, Massachusetts, is a private diagnostics company operating at the intersection of AI and oncology. The company has developed and received FDA 510(k) clearance for TRAQinform IQ, a cloud-based software platform that analyzes serial PET/CT scans to measure intra-patient tumor response heterogeneity, providing prognostic insights superior to standard methods like RECIST. By enabling more precise therapy adjustments in late-stage cancer care, AIQ targets a significant unmet need in the oncology workflow, supported by recent clinical data and the establishment of a Category III CPT code for its service.

Oncology

Technology Platform

TRAQinform IQ: A cloud-based, FDA-cleared software medical device that uses AI to perform quantitative, lesion-by-lesion analysis of serial PET/CT scans. It calculates SUVhetero, a proprietary metric of intra-patient tumor response heterogeneity, to provide prognostic insights beyond standard RECIST/PERCIST measurements.

Funding History

3
Total raised:$16.3M
Series A$12M
Seed$2.5M
Seed$1.8M

Opportunities

The establishment of a Category III CPT code provides a clear reimbursement pathway, accelerating commercial adoption.
The high unmet need in optimizing late-stage cancer therapy, combined with rising healthcare costs, creates a strong value proposition for hospitals and payers.
The platform's foundation allows for potential expansion into new cancer types and other diseases with multifocal progression.

Risk Factors

Commercial success depends on convincing oncologists to alter established workflows and on navigating complex hospital procurement cycles.
The Category III CPT code is temporary and must be supported by widespread adoption to become permanent.
Competition is intensifying in the medical imaging AI space, with potential entrants from larger platform companies.

Competitive Landscape

AIQ competes in the broad medical imaging AI market but is specialized in quantitative, longitudinal analysis of tumor heterogeneity. Direct competitors may include other companies offering advanced oncology image analytics (e.g., for clinical trials). Its primary competition is the entrenched standard of care (RECIST/PERCIST) and the manual, qualitative assessment performed by radiologists and oncologists.