Deal: Squire Patton Boggs (SPB) has advised healthcare artificial intelligence Harrison.ai on its strategic joint venture with I-MED Radiology Network.

Value: Maiden capital raise of $29 million.

Area: Joint ventures.

Key players: The team was led by partners Hai-Dang Nguyen and Richard Horton with counsel Leah Brownlee. A Sydney team comprising of senior associates Clive Lee and Michael Muratore and associates Shaneel Parikh and Tom McCann also assisted in the deal.

Deal significance: The joint venture brought Harrison.ai and I-MED together to develop “world-leading prediction engines for key imaging applications” to assist radiologists with diagnosing diseases and injuries.

Harrison.ai is a clinician-led healthcare artificial intelligence company that was founded in 2018. It has developed, validated and developed an AI algorithm to predict the likelihood of pregnancy from analysing embryo videos. Its objective is to provide innovative, efficient and affordable healthcare products.

Mr Nguyen said: “We were proud to be part of the extended Harrison.ai team in bringing this exciting and innovative joint venture to a successful completion and closing one of 2019’s largest capital raises in Australia.”

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“Squire Patton Boggs’ involvement in the transactions was multi-faceted and we were pleased to be able to apply our wide-ranging specialist expertise to assist in spring-boarding Harrison.ai into a promising future.”

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