The company says this is the first open platform for developers, data scientists and radiologists for development and adoption of AI for medical imaging.
Among the companies using the search giant's services are Change Healthcare, Dicom Systems, Kanteron Systems and Zebra Medical Vision.
Tissue Analytics' advanced imaging technology is designed to help clinicians measure, track and derive the rate at which the wound is healing.
Zebra-Med's machine learning based Analytics Engine will provide automated imaging insights to enhance clinical workflow.
Initially, IBM Watson Health's Imaging group will distribute the MedyMatch brain bleed detection app globally through its vendor neutral sales channels.
The service allows users to receive analysis highlighting the presence of Osteoporosis, Compression Fractures, Fatty Liver, Coronary Calcium, Emphysema, and Aortic Aneurysms.
The initiative is comprised of more than 15 leading health systems, academic medical centers, ambulatory radiology providers and imaging technology companies.
The company will use the funds to accelerate the development of its imaging analytics engine and create neural networks that will use its vast imaging dataset.
Combining the technology of Microsoft Kinect with proprietary software, researchers are looking to address common problems that affect imaging results.
MED-TAB can be used for bedside image analysis, in surgery theaters, by on-call radiologists and in emergency situations.