Fundraising Fox

Qureight

8 known investors

Qureight is a UK AI-powered imaging CRO providing enterprise-grade imaging and precision endpoints for lung and heart disease trials.

Also known as Qureight Ltd

Founders & leadership

MTMuhunthan Thillai
Muhunthan ThillaiinFounderFounder at AI in healthcare

Investors · 8

Also in the syndicate · 3

Hargreave Hale AIM VCTMeltwindXTX Ventures

Company profile

researched Aug 2026

Qureight is a UK-based, technology-led imaging contract research organisation (CRO) that supplies enterprise-grade imaging services and precision endpoints for clinical trials in lung and heart disease. Its products are delivered through a proprietary data and imaging curation platform that ingests and analyses clinical imaging alongside other healthcare data, covering data curation, quality control, AI image analysis, integration, central reads, clinical trial read-outs and endpoint discovery. Current therapeutic focus areas include interstitial lung diseases (including idiopathic pulmonary fibrosis, progressive pulmonary fibrosis and connective tissue disease-associated ILD), pulmonary hypertension and bronchiectasis.

The company organises its offering into three product lines: global imaging CRO services, including workflow tooling for image handling and infrastructure to onboard trial sites and evaluate participants quickly; AI-powered endpoints and analytics based on deep-learning lung image biomarkers branded Lung8, Air8, Fibr8, Glass8 and Vascul8, used to track treatment response, predict disease progression and characterise baseline disease severity; and data science products built on commercial access to large real-world datasets in IPF, PPF, PH and bronchiectasis, including synthetic control arms and support for early drug development, trial design and toxicity analysis.

Qureight describes itself as an enterprise-grade imaging and AI company working at the intersection of clinical expertise, engineering and machine learning science, with teams spanning machine learning and data science, clinical operations and QARA, platform and engineering, and commercial functions.

Founding story

Qureight was co-founded by Dr Muhunthan Thillai, a board-certified pulmonologist with over 20 years in thoracic medicine who trained at Imperial College London and Oxford, holds a PhD in molecular immunology, and was previously Director of Interstitial Lung Diseases at Royal Papworth and Addenbrooke's Hospitals in Cambridge.

Business model

Qureight sells imaging CRO services, AI-derived imaging endpoints and data science products to biopharmaceutical sponsors running clinical trials in lung and heart disease, delivered through its own imaging and data curation platform.

Revenue comes from biopharma customers contracting Qureight for imaging CRO services, central reads and trial read-outs, AI biomarker endpoints and analytics, and data science products such as synthetic control arms.

Traction

Qureight's services are in use by biopharma partners for trials in fibrotic lung diseases, with customer testimonials from Vicore Pharma (buloxibutid in IPF), Avalyn (MIST study in progressive pulmonary fibrosis) and Rein. The company reported a cross-functional team of 60 people and total disclosed funding of over EUR 27 million after its July 2026 Series B.

Latest developments

In July 2026 Qureight announced a $20 million Series B led by Molten Ventures, with existing investors Hargreave Hale AIM VCT, XTX Ventures, Guinness Ventures, Meltwind and Ascension participating. The funding supports an AI imaging laboratory housing its 3D chest imaging Foundation Model, new products in asthma, pulmonary hypertension, bronchiectasis and drug-induced lung toxicity, and expansion of its commercial team. Dr Inga Deakin (Molten Ventures) and Anna Salim (Hargreave Hale) joined the board of directors.

▸Full profile — market position, technology, go-to-market, geography, history

Market position

The company describes itself as a leading imaging company in the lung and heart imaging CRO market with an established position in lung fibrosis models, and cites a global lung and heart clinical trials market expected to reach $27.5bn by 2030 at a 6.9% CAGR.

Qureight positions itself as a tech-first imaging CRO combining an in-house imaging platform, proprietary deep-learning lung biomarkers and commercial access to large real-world datasets enabling synthetic control arms, with a multidisciplinary team of clinicians, radiologists, engineers and machine learning scientists. It cites rapid site onboarding and patient evaluation in days rather than weeks.

Technology

A proprietary imaging and data curation platform built on a high-performance technology stack for scale and reliability, combined with 3D deep-learning models. Proprietary lung image biomarkers (Lung8, Air8, Fibr8, Glass8, Vascul8) quantify compartment-specific structural change in the lung. The company is building an AI imaging laboratory to house a 3D chest imaging Foundation Model intended to cut the data volume and time needed to develop new disease models, and operates a regulatory-compliant, disease-agnostic clinical trials platform.

Go-to-market

Direct enterprise sales and business development to global biopharma sponsors, led by a commercial team and supported by scientific partnerships and a KOL advisory board; the company is scaling its commercial team following its Series B.

Biopharmaceutical and biotech companies running interventional and observational clinical trials in fibrotic lung disease, pulmonary hypertension, bronchiectasis, asthma and drug-induced lung toxicity; named users include Vicore Pharma, Avalyn and Rein.

Geography

Headquartered in Cambridge, UK, with a second office in London; serves global biopharma customers and onboards trial sites internationally.

History

The company built AI imaging models for lung fibrosis and an imaging platform for clinical trials, later expanding its therapeutic scope. In July 2026 it closed a $20 million Series B led by Molten Ventures with participation from existing investors, taking total disclosed funding above EUR 27 million, and adding Molten's Dr Inga Deakin and Hargreave Hale's Anna Salim to its board. Proceeds are directed at a 3D chest imaging Foundation Model, an AI imaging laboratory, new disease models in asthma, pulmonary hypertension, bronchiectasis and drug-induced lung toxicity, and commercial team expansion.

Compiled by commissioned research from 13 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Disease-specific model development time using chest foundation modelJul 20261-2 months versus about a year from scratch
EmployeesJan 202660 people
Global lung and heart clinical trials market size (company-cited)Jan 2030$27.5B
Imaging decision turnaround time (Workflow product)Jul 2026reduced from about two weeks to 48 hours
Quality and security certificationsJul 2026ISO 13485 and ISO 27001
Total capital raisedJul 2026past $30 million
Total disclosed fundingJul 2026over EUR 27 million

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Timeline · 4

launches, deals, and filings
Jul 2026
Qureight closes $20 million Series B financing led by Molten Ventures

Qureight raised $20 million in a Series B led by Molten Ventures, with existing investors Hargreave Hale AIM VCT, XTX Ventures, Guinness Ventures, Meltwind and Ascension participating. Proceeds fund expansion of its 3D deep learning imaging portfolio, an AI imaging laboratory for its 3D chest imaging Foundation Model, new disease models and commercial expansion.

$20M source ↗

Jul 2026
Inga Deakin and Anna Salim join Qureight board of directors

Alongside the Series B, Dr Inga Deakin, Partner at Molten Ventures, and Anna Salim of Hargreave Hale joined Qureight's Board of Directors.

source ↗

Jul 2026
Qureight closes $20 million Series B led by Molten Ventures

Qureight announced a $20 million Series B financing led by Molten Ventures with participation from existing investors Hargreave Hale AIM VCT, XTX Ventures, Guinness Ventures, Meltwind and Ascension, to expand its 3D deep learning imaging portfolio, build an AI imaging laboratory and scale its commercial team.

$20M source ↗

Jul 2026
Inga Deakin and Anna Salim join Board of Directors

Alongside the Series B, Dr Inga Deakin, Partner at Molten Ventures, and Anna Salim of Hargreave Hale joined Qureight's Board of Directors.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

▸Research sources · 13

primary sources listed

13 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Qureight do?
Qureight is a UK AI-powered imaging CRO providing enterprise-grade imaging and precision endpoints for lung and heart disease trials.
Who founded Qureight?
Qureight was founded by Muhunthan Thillai.
Who are Qureight's investors?
Qureight's investors include Cambridge Angels group, Guinness Ventures, Molten Ventures, Playfair Capital, XTX Markets.