BlinkLab bags $13M for autism diagnostic AI

ASX-listed diagnostics AI company BlinkLab has raised A$17.5 million ($12.6 million) through an oversubscribed placement to support regulatory and commercial work for its AI-powered diagnostic aid for autism.

Based on a company disclosure, the proceeds will fund BlinkLab's pivotal trial of the BlinkLab Dx1 to secure the United States Food and Drug Administration's 510(k) clearance, as well as regulatory work to obtain CE marking and EU MDR compliance.