The firm had previously raised 2.3 million pounds (2.7 million euros) in 2021, bringing the total funds received to 4.5 million pounds (5.2 million euros). The latest investment was led by previous investor Foresight Group, along with additional participation from angel investors such as Sachin Agrawal and Henry Carleton.

Hexarad said it will use the new funds to continue growing its radiology platform.