
Startup Profile: MOONLIGHT AI
Moonlight AI aims to revolutionize cancer diagnostics by developing an AI-powered approach to molecular testing for precision medical treatment. Their technology leverages computer vision to improve biomarker detection, disease diagnostics, and continuous monitoring, making molecular testing more accessible, scalable, and cost-effective.
Website: moonlight-ai.com
Industry: MedTech, AI-powered Diagnostics, Computational Pathology
Founded: 2022
Headquarters: Switzerland
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Currently, access to molecular diagnostics is limited, with only 35.6% of cancer patients in the US receiving molecular testing. Clinicians rely on molecular testing to match patients to the right treatment. The process is costly and complex, requiring specialized expertise, and long turnaround times delay critical treatment decisions, and not all hospitals and labs have the capability to offer molecular testing. Additionally, drug development and enrollment in clinical trials depend on widespread access to molecular diagnostics, making limited availability a barrier to innovation in cancer therapy.
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Moonlight AI aims to develop an AI-powered solution for the molecular diagnostics of cancer patients. Their technology leverages advanced neural networks to analyze slide images, enabling the rapid identification of molecular biomarkers and disease. They also seek to integrate quantum computing to enhance the capability and efficacy of their neural network models. In a proof of concept, Moonlight AI has demonstrated that a specific genomic mutation can be visually identified from blood samples, showcasing the potential of their approach.
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The rise of AI and deep learning has enabled automation in pathology and molecular diagnostics, making advanced solutions more viable than ever. There is a growing demand for precision medicine in oncology and hematology, as existing bottlenecks in diagnostic access highlight the urgent need for scalable and rapid testing methods. Additionally, advancements in quantum computing open new possibilities for handling high-complexity models, further enhancing the accuracy and efficiency of AI-driven diagnostics.
FINANCIALS
Moonlight AI is currently funded by non-dilutive 500K CHF governmental and public grants, and is seeking a seed round of 2m CHF (2.3m USD). With the proceeds, the company expects 16% to be allocated to business development and operations, 11% for IP filings and regulatory preparation, and 73% for R&D. R&D expenditure is expected to encompass expanding the AI team (45%) and generating solutions for 3 more indications within 24 months.
MARKET SIZE
The molecular testing market in hematology and cytology represents a significant opportunity, with a total addressable market (TAM) of $8 billion. The computational pathology market, covering six disease areas targeted by Moonlight AI, includes a TAM of $1.5 billion for hematology and $6.3 billion for cytology. The serviceable available market (SAM) is the US and EU markets, which are estimated at a size of $1.1 billion for hematology and $4.4 billion for cytology. Meanwhile the serviceable obtainable market (SOM) stands at $155 million and $165 million, respectively. The US and EU together represent approximately 70% of the market.
TEAM
Moonlight AI is led by a team of experienced professionals in precision medicine, AI, and diagnostics. Prof. Dr. Christian Ruiz, who serves as the CEO and CSO, has led pathology labs and developed over 10 diagnostic assays in the field of precision medicine. Nicole H. Romano, PhD, as Chief Technical Officer, specializes in AI and machine learning, having built deep learning-based drug discovery platforms. Dr. Stefan Habringer, the Chief Medical Officer, is a hematologist-oncologist with experience in securing research grants and leading clinical trials.
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Moonlight AI's product aims to be a Software-as-a-Service (SaaS) cloud platform solution designed for molecular diagnostics, built around an advanced neural network solution. This technology enables the identification of molecular biomarkers and disease through slide image processing and analysis. Two patents have been filed to protect the method of detecting genomic biomarkers and complex diseases, with another patent currently pending. Moonlight has been granted ethical approval to process up to 3750 samples for solution development and in addition own an exclusive multimodal data library of images as well as genomic and diagnostic data.
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Moonlight AIβs business model focuses on strategic partnerships with global diagnostics partner companies to scale its technology. Partnerships with labs and hospitals allow for more cost-effective and scalable biomarker testing, increasing accessibility to precision diagnostics. Moonlight is currently implementing their cloud platform solution at a large university hospital to screen for hard-to-diagnose diseases.
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Moonlight AI differentiates itself from traditional molecular diagnostics providers by leveraging AI-driven automation for faster and more scalable biomarker detection, eliminating the need for manual molecular testing. There are no known fast diagnostic competitors targeting molecular testing in cancer therapies or other.