Foley Represents AXA IM Alts as Lead Investor in $26M Financing for Eyenuk

18 October 2022 Media Contact: Jen Dilworth News

Foley & Lardner LLP represented AXA IM Alts, a global leader in alternative investments, as the lead investor in the $26 million Series A financing round for Eyenuk, Inc., a global artificial intelligence (AI) medical technology and services company and leader in real-world applications for AI Eye Screening and AI Predictive Biomarkers.

Eyenuk will use the capital to expand its AI product platform with additional disease indications and advanced care coordination and accelerate the platform's global commercialization and adoption.

Eyenuk is leading the way in harnessing the power of AI to eliminate preventable blindness globally through its versatile digital health platform that enables automated AI diagnosis and coordination of care. Eyenuk's flagship EyeArt AI system has been more broadly adopted worldwide than any other autonomous AI technology for ophthalmology. It is the first and only technology to be cleared by the FDA for autonomous detection of both referable and vision-threatening diabetic retinopathy without any eye care specialist involvement.

The Foley team representing AXA IM Alts was led by Partner Julie-Anne Lutfi and included Associates Justin Lauria-Banta and Graham MacEwan.

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