Cardiac magnetic resonance imaging is used to assess the heart's structure and function, and reading it takes specialists. AI4MedImaging's EIC report put the number of cardiac MRI experts at 0.06 to 3 per million Europeans and cited 85% variability between readers. The Braga company, founded in 2019, sells AI4CMR, software that segments the heart and measures its volumes, mass and ejection fraction automatically.
The European Innovation Council granted €1,753,842 towards a €2.5 million project from September 2022 to February 2025 to launch a fuller product, AI4CMR.Plus, by 2025. The final report lists improved analysis of heart motion, automatic segmentation and classification of fibrosis, approval from Saudi Arabia's regulator, and an EU and US patent. On 11 February 2026 the FDA cleared AI4CMR version 2.0, according to its 510(k) database. The company publishes no sales or customer numbers.
Company file
- Legal entity
- AI4MedImaging Medical Solutions S.A., NIF 515247910, Braga
- Founded
- 8 February 2019
- Product
- AI4CMR, automated cardiac MRI analysis software
- Approvals
- CE marking; FDA 510(k) K220624 (2022) and K252084 (2026); Saudi SFDA
- Distribution
- Blackford platform; aycan reseller in the US and Germany
- EIC project
- AI4CMR, 1 Sep 2022 to 28 Feb 2025
- EIC funding
- Grant only
Where AI4MedImaging Stands Now
AI4CMR is sold through other companies' platforms. In August 2023 Blackford added it to its imaging AI platform, according to Imaging Technology News, and in June 2024 aycan became a reseller in the US and Germany. In 2025 it announced a partnership with Ligence and work with Intel on faster analysis. Portugal's Iberinform lists 16 to 20 employees and annual sales in a band up to €2 million.
"aycan is a highly capable and value-added technology and reseller partner."
Vitor Hugo Pereira, CMO, AI4MedImaging, June 2024The Technology: Zero-Click Heart Measurements
AI4CMR analyses the cine sequences of a cardiac MRI to outline the chambers and calculate standard measurements without manual tracing. The EIC project added a multi-class, segmental approach to motion analysis and late gadolinium enhancement analysis, which the report says can automatically segment, quantify and classify fibrosis. The report does not publish accuracy figures against expert readers.
What the EIC Project Promised, and What CORDIS Shows
The project promised the market launch of AI4CMR.Plus by 2025 and commercial expansion. It delivered new analysis features, regulatory approvals and a patent for "Artificial Intelligence Cardiac Motion Classification". The FDA received the version 2.0 submission in July 2025 and cleared it in February 2026, a year later than the target. CORDIS still lists the project as signed.
- Motion and fibrosis analysisDeliveredPer final report.
- Regulatory approvalsDeliveredSFDA; FDA v2.0 in 2026.
- Launch by 2025Early 2026FDA v2.0, February 2026.
- Commercial expansionNot shownNo sales published.
The Money
AI4MedImaging has announced no equity round. Caplight lists Pathena as an early investor, alongside grants from the EIC and Portugal 2020. Its share capital is €1.70 million. The EIC award was grant only.
What Cannot Be Checked
Questions for the EIC
How many hospitals pay for AI4CMR, the company's actual revenue and losses, and how its measurements compare with expert readers in a published study are not public.
Why Europe Should Care
The EIC funded a small Portuguese imaging AI company. It delivered the upgrades and has approvals on three continents. Whether that becomes a sustainable business depends on sales it does not disclose.
What the project promised
A fully automated cardiac MRI reporting product on the market by 2025, and commercial growth.
What the record shows
New features, Saudi approval, an FDA clearance in February 2026, reseller deals and no published sales.
The Verdict
Built and cleared, scale unknown
AI4MedImaging did what the EIC grant paid for, only a little late. The company remains small, and nothing public shows how many cardiologists rely on its software.
AI4MedImaging and the EIC have not been asked for comment for this article. It is based entirely on public records and published statements, linked throughout.
