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Another Aussie start-up looks to ride medical AI wave, eyes US deal - AFR
Australian Financial Review
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- Date Published
- 29 Sept 2026
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- Australian
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- 29 Sept 2026, 12:00 pm
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Big Picture Medical has mandated an American investment bank to hunt for a foreign strategic partner to back the business.
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CompaniesStreet TalkPrint articleSarah Thompson, Kanika Sood and Angira BharadwajSep 29, 2026 – 12.23pmHealthcare AI infrastructure business Big Picture Medical is rattling the tin for $10 million as the Sydney-based start-up woos strategic investors in the United States.The raising values the company at about $100 million and will target family offices and venture capital investors with the aim of closing in early November, according to sources with knowledge of the transaction.Loading...Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.comKanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.auAngira Bharadwaj is a co-editor of Street Talk. She covers IPOs, capital raises, mergers and acquisitions and other breaking news in Australia’s capital markets. Previously, she covered financial services, state, and federal politics. Send tips to @angirab.60 on encrypted messaging platform Signal. Email Angira at angira.bharadwaj@nine.com.auSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginLicense articleRead MoreStreet TalkMergers & acquisitionsHealthcareAIStart-upsFundingSee all Street Talk