Spectral AI, Inc. announced on March 24, 2025, the successful completion of a debt financing agreement of up to $15.0 million from Avenue Venture Opportunities Fund II, L.P. The company made an initial draw down of $8.5 million from this facility.
In conjunction with the debt financing, Spectral AI also raised $2.7 million of equity financing from institutional and existing investors. These financing activities have boosted the company's total cash on hand to over $14 million.
The financing package is designed to accelerate product commercialization efforts, including the upcoming U.S. launch of its DeepView System. A second tranche of $6.5 million in debt financing is contingent upon FDA clearance of the DeepView System, further linking funding to regulatory milestones.
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