Team
83Radiologist-founder plus a computer vision lead. They have sat the night shift they are trying to shorten.
This part of the screen is weighted at 30 percent.
Helix Diagnostics
A worklist copilot for radiology departments that are short of consultants.
CambridgeHealthFounded 202218 people
Market
78Backlogs are public and funded. The sale is still a hospital, with everything that implies.
This part of the screen is weighted at 25 percent.
Traction
60€600k ARR, two NHS trusts in paid pilot, one private group live. Evidence package is in progress, not done.
This part of the screen is weighted at 25 percent.
Moat
66Local fine-tunes on trust data, if the contracts keep the weights. That clause is not yet standard.
This part of the screen is weighted at 20 percent.
Advance
Screened 13 Oct 2026Pre-written. The replay is simulated.
Summary
Helix reorders the radiology worklist and drafts a first read the consultant corrects. It is not an autonomous diagnostic. ARR is €600k. The seed is €8m. We should screen it properly because the shape is right and the evidence is not finished.
Why now
Two trusts will pick a worklist vendor this winter. Helix is cheap enough, and early enough, that a €3.5m cheque still buys real ownership if the evidence lands.
Product
Integration with the PACS, a prioritisation model, and a draft report the consultant edits. Edit-distance is the metric they show and the metric we should audit. A short edit is the product. A long edit is a demo.
Business
Per-study pricing with an annual minimum. Gross margin 73%. Implementation is a quarter. Kinship’s slipped procurement is the base rate we should use, not the founder’s pipeline slide.
Recommendation
Advance. Commission a read of the evidence pack before any partner meeting. If edit-distance and turnaround do not move in the private group’s data, stop.