Fundraising Fox

Subtle Medical

Founded 2017 Β· 83 employees on LinkedIn Β· 15 known investors

Find your way into Subtle Medical

1,520 people in our graph share verified history with the Subtle Medical team β€” schools, employers, funds. One of them is your warm intro.

Deep Nisharunlockedknows Enhao Gong Β· together at Stanford University (overlapped)
Γ—9knows the team Β· via Stanford University
Γ—2knows the team Β· via Qualcomm

Subtle Medical develops deep learning software for medical imaging that enables faster and safer image acquisition on existing scanners for healthcare providers and imaging centers.

Also known as Subtle Β· Subtle Medical, Inc.

Founders & leadership

Subtle Medical was founded in 2017 by Greg Zaharchuk and Enhao Gong.

GZGreg Zaharchuk
Greg Zaharchukin𝕏Co-founder, MD, Ph.D., Neuroradiologist and Professor at Stanford
EGEnhao Gong
Enhao Gongin𝕏Co-founder, Ph.D., Deep Learning ScientistEnhao Gong holds a PhD in Electrical Engineering from Stanford focused on deep learning in medical imaging, and previously completed an undergraduate thesis at Tsinghua on neural signal processing. He co-founded Subtle Medical to apply deep learning for MRI reconstruction and medical imaging efficiency, and earlier co-founded Polarr to develop computer vision and image processing technologies.

Investors Β· 15

Also in the syndicate Β· 6

BRV CapitalEnvisionXEnvisionX CapitalFusion FundIgnite InnovationMorgan Stanley Expansion Capitallead

Company profile

researched Aug 2026

Subtle Medical is a healthcare technology company that applies deep learning to the acquisition stage of medical imaging. Its vendor-neutral software improves image quality on both standard and accelerated scan protocols, allowing hospitals and imaging centers to shorten exam times and increase scanner throughput without buying new hardware. Products include SubtleHD(MR), which uses denoising and increased sharpness to enable up to 80% faster MRI sequences across existing scanners; SubtleHD(PET), which enables up to 75% faster PET scans with commercial radiotracers on PET, PET/CT and PET/MR systems; and SubtleHD(CT), which reduces noise and improves low-contrast detectability on existing CT and PET/CT scanners. The earlier flagship products SubtleMR and SubtlePET were the first of their kind to receive FDA clearance, in 2018 and 2019 respectively, and are also CE-marked.

The portfolio has expanded into a broader multi-modality suite. The Subtle-ELITE suite bundles SubtleHD(MR), SubtleSYNTH (AI-powered synthetic image generation) and SubtleALIGN. Other products include SubtleREFORMAT for MRI data harmonization and quality standardization, AiMIFY for AI-enhanced contrast developed with Bracco, and SubtleGAD, a pipeline technology for lowering gadolinium dose in contrast-enhanced MRI. The company also markets an imaging hub, a unified platform intended to give health systems a single point of control for imaging performance across scanners from different manufacturers and across MRI, PET and CT environments.

As of 2026 the company reported 11 FDA clearances, more than 25 peer-reviewed publications, over 30 issued and/or pending patents, more than $85 million raised, over 75 full-time employees and deployment on more than 1,300 scanners internationally.

Founding story

Subtle Medical was born out of Stanford University. Enhao Gong, a deep learning scientist with a PhD in Electrical Engineering from Stanford, was studying under Greg Zaharchuk, a neuroradiologist and professor of radiology at Stanford, when they identified a shared interest in improving the quality and accessibility of medical imaging and the potential of deep learning to do so. The company was founded in 2017, was accepted into the Stanford StartX program, and holds exclusive licensing rights to technology the founders developed at Stanford in 2016.

Business model

Subtle Medical commercializes its AI software through multiple models: SaaS subscriptions and software systems sold to hospitals and imaging centers, and contracted arrangements with medical imaging equipment manufacturers (such as Siemens Healthineers) and pharmaceutical companies (such as Bayer and Bracco) that embed or leverage Subtle's AI platform. Software overlays existing scanner fleets, with images copied and processed in the cloud, so customers do not need to replace hardware.

Software revenue from SaaS and software-system licensing to imaging providers, plus OEM and pharmaceutical partnership contracts. The company described SaaS scalability across large imaging networks and, in 2024, tens of millions of dollars of contracts secured from radiology providers worldwide.

Traction

As of 2026, deployments on more than 1,300 scanners worldwide, 11 FDA clearances, more than 25 peer-reviewed papers and over 75 full-time employees. In October 2025 the company projected 2.5x annualized U.S. revenue growth for 2025, with more than 600 U.S. installations and well over 1,000 globally. In July 2024 it reported serving more than 600 sites globally and 2.5 million patients annually with a sustained 2x year-over-year growth rate. Reported customer outcomes include up to 80% faster scans, 50%+ higher throughput and, per the incoming CEO, roughly four to five additional MRI patient slots per scanner per day above a typical U.S. baseline of about 14.

Latest developments

On June 2, 2026 Subtle Medical announced $33 million in growth capital anchored by a Series C led by funds managed by Morgan Stanley Expansion Capital, with Shinhan Venture Investment and existing investors Fusion Fund, EnvisionX, BRV and Samsung Ventures participating, bringing total capital raised to $86 million; the funds are earmarked for product development, global commercial expansion and scaling its vendor-neutral platform across MRI, PET and CT. Concurrently, Ohad Arazi was appointed CEO, succeeding co-founder Enhao Gong, who became chief science officer while continuing to lead the scientific roadmap and China operations. The company also received FDA clearance for SubtleHD(PET) on May 27, 2026 and for SubtleHD(CT) on June 10, 2026, and in 2025 launched the Subtle-ELITE suite and was named to TIME's World's Top HealthTech Companies of 2025.

β–ΈFull profile β€” market position, technology, go-to-market, geography, history

Market position

The company positions itself as the category leader in AI-powered medical image acquisition, stating in 2024 that it had multiple times the revenue of its closest competitors as a first mover, and in 2025 that it held the broadest install base among competitors in AI imaging enhancement. It was named to TIME's World's Top HealthTech Companies of 2025 list and has been recognized by CB Insights as a GenAI 50, Digital Health 150 and Top AI 100 company, and won an NVIDIA Inception award. An investor cited a $35 billion AI-powered radiology market opportunity.

Subtle Medical focuses on the image acquisition stage rather than the more crowded downstream computer-aided diagnosis market, and its software is vendor-neutral rather than tied to a single OEM's equipment. It spans multiple modalities (MR, PET, CT, with SPECT and angiography in the pipeline), holds 11 FDA clearances including what it describes as the only FDA-cleared AI solution for synthetic imaging (SubtleSYNTH), and reports the broadest install base in AI imaging enhancement along with partnerships with scanner manufacturers and imaging pharmaceutical companies.

Technology

Proprietary convolutional neural network and generative AI models trained on large paired datasets spanning multiple clinical indications, patient cohorts, scanner vendors and models. Techniques include image denoising and super-resolution/sharpening, synthetic image generation, and data harmonization, applied to shortened or low-dose acquisitions to reconstruct diagnostic-quality images. Processing is scanner-agnostic and integrates into existing workflows: images are received from the scanner, processed within seconds, and returned to PACS or other workstations. The company holds exclusive licensing rights to technology developed by its founders at Stanford University in 2016 and reports over 30 global patents.

Go-to-market

Direct enterprise sales to health systems and imaging networks, supported by a North America sales organization and clinical/customer success teams, complemented by OEM channel partnerships (Siemens Healthineers, GE Healthcare, Philips China) and pharmaceutical collaborations. Marketing includes demos, webinars and presence at radiology conferences such as RSNA.

Hospitals, health systems, academic medical centers and outpatient imaging centers and networks, along with imaging equipment OEMs and pharmaceutical/contrast and radiopharmaceutical companies. Named customers and clinical partners include Mount Sinai, RadNet, Radiology Partners, SimonMed Imaging, Rezolut, UCSF, Hoag Hospital, SickKids, DASA, Tiantan Hospital, Middlesex Hospital and Affidea.

Geography

Headquartered in Menlo Park, California (Silicon Valley) with a globally distributed team. Customers span the United States, Europe and Latin America, with growth in APAC including China and Southeast Asia and plans announced in 2024 to enter the Korean and Japanese markets. Deployments exceed 1,300 scanners in multiple countries; U.S. adoption spanned more than 600 installations and over 1,000 globally as of October 2025. Enhao Gong also serves as President of China Operations.

History

Founded in 2017 following research at Stanford, the company obtained FDA clearance for SubtlePET and SubtleMR in 2018 and 2019 (first-of-kind clearances for AI medical imaging enhancement). Seed investors included Bessemer Venture Partners, ZhenFund (Momentor Ventures), Data Collective, Breyer Capital and Baidu Ventures. A $12.2 million Series A led by 3E Bioventures Capital closed in November 2020, at which point more than 50 sites had adopted the technology. In July 2024 a Series B+ of close to $10 million brought the Series B to over $30 million and total financing to over $50 million. In 2024 the company added FDA clearances for SubtleREFORMAT and SubtleSYNTH. In October 2025 it reported over 600 U.S. installations and more than 1,000 globally. In May and June 2026 it received FDA clearances for SubtleHD(PET) and SubtleHD(CT), and on June 2, 2026 announced $33 million in growth capital anchored by a Series C led by funds managed by Morgan Stanley Expansion Capital alongside the appointment of Ohad Arazi as CEO, with co-founder Enhao Gong moving to chief science officer.

Compiled by commissioned research from 8 cited public sources β€” announcements, filings, and press listed under research sources below.

Key figures

latest reported
Annualized U.S. revenue growth (projected)Oct 20252.5x for 2025
FDA clearancesJan 202611 clearances
Full-time employeesJan 202675 employees
Global patentsJul 202430 patents
HeadcountAug 202683
Issued and/or pending patentsJan 202630 patents
MRI scan accelerationJan 2025up to 80% faster MRI sequences
Patients served annuallyJul 20242,500,000 patients
Peer-reviewed publicationsJan 202625 papers
PET scan accelerationJan 2025up to 75% faster PET scans
Scanners deployedJan 20261,300 scanners
Sites adopting technologyNov 202050 sites
Sites served globallyJul 2024600 sites
Total capital raisedJun 2026$86M
Total financing to dateJul 2024$50M
U.S. installationsOct 2025600 installations

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

Competitors Β· 1

by search overlap

Companies competing with Subtle Medical for the same Google search keywords, organic and paid, via search-intersection analysis.

Non-dilutive funding Β· 4 SBIR/STTR awards

Federal grants β€” no equity taken
AgencyPhaseYearAmount
National Institutes of Health (NIH)National Institutes of HealthPhase I2023$300K
National Institutes of Health (NIH)National Institutes of HealthPhase I2021$132.2K
National Institutes of Health (NIH)National Institutes of HealthPhase II2020$1.5M
National Institutes of Health (NIH)National Institutes of HealthPhase I2019$185.4K

Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts β€” non-dilutive capital alongside any venture rounds above.

Timeline Β· 13

launches, deals, and filings
Jun 2026
FDA clearance for SubtleHD(CT)

Subtle Medical received FDA clearance for SubtleHD(CT), expanding its AI-powered image enhancement into CT imaging.

source β†—

Jun 2026
Subtle Medical secures $33 million in growth capital led by Morgan Stanley Expansion Capital

Growth capital anchored by a Series C financing led by funds managed by Morgan Stanley Expansion Capital, with Shinhan Venture Investment and existing investors Fusion Fund, EnvisionX, BRV and Samsung Ventures; proceeds for product development, global commercial expansion and scaling the vendor-neutral AI imaging platform across MRI, PET and CT.

$33M source β†—

Jun 2026
Ohad Arazi appointed CEO; co-founder Enhao Gong becomes Chief Science Officer

Medical imaging executive Ohad Arazi, previously CEO of Clarius and Zebra Medical Vision, was named chief executive officer. Co-founder Enhao Gong transitioned from CEO to chief science officer, leading the scientific roadmap and China operations.

source β†—

May 2026
FDA clearance for SubtleHD(PET)

FDA clearance for SubtleHD(PET), next-generation AI-powered image acceleration and enhancement software.

source β†—

Sep 2025
Named to TIME's World's Top HealthTech Companies of 2025

TIME recognized Subtle Medical on its list of the World's Top HealthTech Companies of 2025.

source β†—

Jan 2025
Launch of Subtle-ELITE suite for MRI acceleration and enhancement

The Subtle-ELITE suite combines SubtleHD(MR), SubtleSYNTH and SubtleALIGN to reduce MRI scan times, improve image quality and reduce manual work.

source β†—

Jul 2024
Series B+ of close to $10 million with Samsung Ventures participation

Investors included existing shareholder Fusion Fund plus EnvisionX Capital, BRV Capital, Ignite Innovation and Samsung Ventures, bringing the Series B to over $30 million and total financing to over $50 million.

$10M source β†—

Jan 2024
Partnership with Bracco on AiMIFY for AI-enhanced contrast

AiMIFY, an AI solution for enhanced contrast, was developed with Bracco and extends Subtle's portfolio across MR, PET and CT.

source β†—

Jan 2024
FDA clearances for SubtleREFORMAT and SubtleSYNTH

Announced FDA clearances for SubtleREFORMAT, an AI product for MRI data harmonization and quality standardization, and SubtleSYNTH, software for AI-powered synthetic image generation.

source β†—

Jan 2022
Siemens Healthineers collaboration to integrate SubtleMR into Open Recon

Collaboration to incorporate SubtleMR image-enhancement software into Siemens Healthineers MRI equipment via the Open Recon reconstruction process, providing deep learning post-processing for denoising and enhanced sharpness across most MRI sequences.

source β†—

Nov 2020
$12.2 million Series A led by 3E Bioventures Capital

Series A with participation from Fusion Fund, Data Collective, Delta Capital, Tsingyuan Ventures, Crista Galli Ventures (UK), Nina Capital (Spain) and existing seed investors; funds for geographic expansion and product pipeline including SubtleGAD.

$12.2M source β†—

Jan 2019
FDA clearance for SubtleMR

SubtleMR received FDA approval in 2019, following SubtlePET.

source β†—

Jan 2018
FDA clearance for SubtlePET

SubtlePET was the first of its kind to receive FDA approval in 2018.

source β†—

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

β–ΈResearch sources Β· 8

primary sources listed

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

Frequently asked questions

What does Subtle Medical do?
Subtle Medical builds vendor-neutral deep learning software that accelerates and enhances MRI, PET and CT imaging on existing scanners.
Who founded Subtle Medical?
Subtle Medical was founded by Greg Zaharchuk, Enhao Gong in 2017.
Who are Subtle Medical's investors?
Subtle Medical's investors include 3E Bioventures Capital, Atinum Investment Co. Ltd., Bessemer Venture Partners, Breyer Capital, DCVC (Data Collective), Foothill Ventures, Fusion, Nina Capital and 1 more.