Two campus spinouts achieve major milestones

Photo of AIQ co-founders reviewing a report and a photo of Dr. Velten with three students in the lab.

AIQ Solutions was formed by UW Madison researchers who pioneered methods to quantitatively assess changes in cancerous bone lesions in response to cancer treatment. On campus, they received early support from Discovery to Product’s Igniter program and the Wisconsin Alumni Research Foundation as the founders worked to commercialize their medical device technology platform, which is based on advanced analytics and artificial intelligence. AIQ Solutions has just completed a $3.2M Series A funding round, a major milestone which will help the company market its first product offering and develop additional applications for its underlying technology. Read more about AIQ’s achievement in Xconomy.

A virtual camera that can see around corners is being developed by a team of scientists from the University of Wisconsin–Madison and the Universidad de Zaragoza in Spain. The lead researcher here on campus is Andreas Velten, a professor of biostatistics and medical informatics in the UW School of Medicine and Public Health. Velten was one of the recipients of the Draper Technology Innovation Fund earlier this year, and the project has been funded largely by the military through the U.S. Defense Department’s Advanced Research Projects Agency (DARPA) and by NASA, which envisions the technology as a potential way to peer inside hidden caves on the moon and Mars.

Images: Left: Dr. Glenn Liu and Dr. Robert Jeraj, two of the founders of AIQ Solutions. Image courtesy UW Carbone Cancer Center’s 2012 Annual Report. Right: UW graduate students Xiaochun Liu, Ji-Hyun Nam and Toan Le work with assistant professor and principal investigator Andreas Velten in the Computational Optics lab. Their project is designed to create non-line-of-sight images using reflected laser light. Photo: Bryce Richter