Image Core Lab
- Company typePrivate
- Founded2012
- HeadquartersBangalore, India
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Image Core Lab does
Image Core Lab (ICL), founded in 2012 and headquartered in Bengaluru, India, operates as a specialized clinical trial imaging core lab serving biopharmaceutical companies, contract research organizations (CROs), and medical device companies across the US, India, and Europe. The company delivers end-to-end imaging support for multi-centric, multi-geographic clinical trials — from protocol development and site qualification through centralized image management, blinded independent central reviews, and regulatory submission. Its clinical footprint is anchored in oncology, which represents over 50% of engagements, with additional subspecialty coverage in neurology, musculoskeletal, cardiovascular, and gastrointestinal imaging using established response criteria (RECIST 1.1, iRECIST, Lugano, RANO, RAMRIS, McDonald).
ICL's technology foundation is its proprietary cloud-based platform CLINSpa, designed specifically for multi-site trial imaging workflows. CLINSpa integrates image acquisition, reporting, trial planning, and real-time data access, and carries built-in compliance with FDA 21 CFR Part 11, HIPAA, ICH-GCP, and GDPR. Beyond CLINSpa, ICL offers Radiology AI and SaMD validation services — including data annotation, ground truth validation, and Multi-Reader Multi-Case (MRMC) studies — that support medical device developers building regulatory-ready AI/ML imaging products. Computer vision, anomaly detection, generative AI for augmentation, and predictive analytics are applied within these service workflows rather than as standalone AI products.
The business model is professional services, with revenue generated from project-based, quote-priced engagements scoped to therapeutic area, geography, imaging modalities, and turnaround requirements. Contracts typically span multiple years and are sold direct to enterprise buyers (pharma sponsors, CROs, MedTech firms) via field sales and strategic partnerships. The company does not disclose revenue or external funding and operates as a privately held entity, with operational and clinical reach inherited from its affiliated relationship with Teleradiology Solution. The executive team includes founders Dr. Arjun Kalyanpur and Sunita Maheshwari, alongside Chief Scientific Officer Dr. Jayadeepa S.
Image Core Lab firmographics
Firmographics- Name
- Image Core Lab
- Legal name
- Image Core Lab Private Limited
- Website
- https://imagecorelab.com
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Ownership category
- akta.pro rank
Image Core Lab industry classification
Industry- Product category
- Clinical Trial Imaging Services
- NAICS
- Diagnostic Imaging Centers (621512), Medical and Diagnostic Laboratories (62151), Medical and Diagnostic Laboratories (6215), Medical Laboratories (621511)
- SIC
- Services-Medical Laboratories (8071), Services-Testing Laboratories (8734), Services-Commercial Physical & Biological Research (8731)
- akta.pro primary industry
- Imaging Core Labs & Clinical Endpoint Adjudication (HLAGAEAH)
- akta.pro secondary industries
- Clinical CROs (Phase I–IV) (HLAGAAAA), Medical Imaging AI (HDAAAEAH)
Keywords
Where Image Core Lab is headquartered
LocationHeadquarters
- HQ city
- Bangalore
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
Image Core Lab business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Clinical Trial Imaging Services: End-to-end clinical trial imaging services including protocol development, centralized image management, expert radiologist interpretation, quality control, and regulatory submission support. Services span from strategy to execution for multi-centric trials.
- Radiology AI & SaMD Validation Services: Specialized services for medical device companies including data annotation, ground truth validation, and MRMC (Multi-reader Multicase) studies for radiology AI and Software as a Medical Device validation.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom project-based pricing for clinical trial imaging services |
Go-to-market motion2 records
Distribution channels1 record
Marketing channels8 records
Image Core Lab product offering
Product offeringCore offering
Image Core Lab provides end-to-end clinical trial imaging services for biopharmaceutical companies, CROs, and medical device companies. The company specializes in centralized image management, expert radiologist interpretation, blinded independent central review, and Radiology AI/SaMD validation for multi-centric clinical trials. Its proprietary CLINSpa platform delivers a cloud-based, 21 CFR Part 11 compliant workflow for image acquisition, processing, and regulatory submission support across the US, India, and Europe.
Product overview
Image Core Lab operates as a specialized imaging core lab offering a unified portfolio of clinical trial imaging solutions. The core offering centers on CLINSpa, their proprietary cloud-based clinical radiology workflow platform, supplemented by service offerings including Clinical Trial Imaging Services for multi-site trial execution and Radiology AI & SaMD Validation Services for AI model development. Therapeutic Expertise Services provide subspecialty reads across oncology, musculoskeletal, cardiovascular, and neuroimaging using established response criteria. Together, these services deliver end-to-end imaging support from protocol design through regulatory submission for biopharma, CROs, and medical device companies.
Differentiator
Problem solved
Functional benefit
Brands
- CLINSpa: Proprietary clinical radiology workflow platform for seamless clinical trial execution, designed for multi-site trials, streamlining image acquisition, reporting, and efficient trial planning.
Products and services
- CLINSpa
Quantifiable outcome
- Reduces turnaround times and optimizes trial budgets without compromising accuracy
- +2 more outcomes
Companies that use Image Core Lab
Customer profileNamed customers3 records
Segments2 records
Ideal customer profiles2 records
Image Core Lab technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability7 records
Feature5 records
Image Core Lab partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- DIA (Drug Information Association)coreICL partnered with DIA (Drug Information Association) to conduct a one-day workshop on Clinical Trials Imaging. DIA is a global organization providing knowledge resources across the full spectrum of medical product development. ICL's founder served on the DIA India Advisory Board, demonstrating strategic alignment in sharing information and training within the clinical research community.
- Teleradiology SolutioncoreICL was founded as a subsidiary of Teleradiology Solution, leveraging the parent company's expertise in cross-border reporting and radiology interpretation. ICL brings the same consistency and professionalism backed by pioneers of teleradiology, with access to a large team of expert advisory board and highly qualified radiologists.
- Strand Life SciencesminorProf Vijay Chandru, Chairman of Strand Life Sciences, served as chief guest at ICL's Clinical Trials Imaging Workshop. Strand Life Sciences is an Indian biotech company focused on precision medicine and bioinformatics, representing potential collaboration in the intersection of genomics and medical imaging.
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
Image Core Lab competitors and assessment
Company assessmentDirect peers
- Clario: Clario (formerly Biomedical Systems / Bioclinica) is the largest dedicated clinical trial imaging core lab, offering centralized imaging, BICR, and AI/SaMD validation services to global biopharma and CROs. It is the most direct comparable to ICL given shared focus on imaging endpoints, multi-therapeutic-area reads, and regulatory-grade workflows.
- Intrinsic Imaging: Intrinsic Imaging is a US-based, radiologist-led imaging core lab providing independent reads, BICR, and AI validation for multi-center clinical trials. Like ICL, it is a specialist imaging partner (not a full-service CRO) and is highly comparable in service scope and target customer base.
- Medical Metrics (MMI): Medical Metrics is an imaging core lab specializing in musculoskeletal, neurologic, and orthopedic clinical trial imaging with centralized reads and quantitative imaging biomarkers. Comparable to ICL in being a focused, specialty imaging core lab serving multi-site trials with regulatory-grade workflows.
- RadMD: RadMD provides independent oncology and radiology imaging review services, including BICR and AI-assisted reads for clinical trials. It is highly comparable to ICL's oncology-focused imaging core lab services and similar in scale and specialist positioning.
- WorldCare Clinical: WorldCare Clinical is an imaging core lab providing centralized imaging review, quantitative imaging, and AI-enabled analysis for global clinical trials. Overlaps directly with ICL in therapeutic-area breadth, regulatory alignment, and AI/SaMD validation capabilities.
- Pharmtrace: Pharmtrace is a European-based imaging core lab providing centralized MRI/CT imaging analysis and AI-driven quantification for clinical trials. Comparable to ICL in its specialist imaging focus, regulatory alignment, and service to global biopharma sponsors.
Broad incumbents
- ICON plc: ICON is a top global CRO with a dedicated Medical Imaging division offering centralized imaging, BICR, and quantitative imaging services for Phase I-IV trials. It is a broad incumbent competing with ICL for sponsor imaging work, but as part of a much larger full-service CRO portfolio.
- IQVIA: IQVIA operates one of the largest clinical trial imaging operations globally as part of its full-service CRO offering, serving most top-20 biopharma sponsors. It competes with ICL for imaging core lab mandates but as part of a broad R&D services portfolio.
- Medpace: Medpace is a mid-to-large CRO with embedded imaging capabilities serving biopharma across multiple therapeutic areas. While smaller than IQVIA/ICON, it competes with ICL for sponsor imaging work and offers broader full-service CRO functionality.
Emerging players
- Median Technologies: Median Technologies provides AI-driven imaging phenotyping and centralized imaging services for oncology clinical trials, including iCRO capabilities. Comparable to ICL's oncology focus and AI/SaMD positioning, with a technology-led differentiation.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Image Core Lab social profiles
Digital presenceImage Core Lab compliance and trust
Trust signalCompliance4 records
Image Core Lab financial estimates
Financial estimateRevenue estimate
Valuation estimate
Image Core Lab leadership team
Management profileNumber of profiles
Profiles3 records
Image Core Lab funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Image Core Lab M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Image Core Lab
What does Image Core Lab do?
Image Core Lab provides end-to-end clinical trial imaging services for biopharmaceutical companies, CROs, and medical device companies. The company specializes in centralized image management, expert radiologist interpretation, blinded independent central review, and Radiology AI/SaMD validation for multi-centric clinical trials. Its proprietary CLINSpa platform delivers a cloud-based, 21 CFR Part 11 compliant workflow for image acquisition, processing, and regulatory submission support across the US, India, and Europe.
Is Image Core Lab a public or private company?
Image Core Lab is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Image Core Lab founded?
Image Core Lab was founded in 2012. It employs 101 to 250 people.
Where is Image Core Lab based?
Image Core Lab is headquartered in Bangalore, India, in the Asia region.
How does Image Core Lab make money?
Two revenue lines are on record. Clinical Trial Imaging Services are the primary driver. The others are radiology AI & SaMD Validation Services.
Who are Image Core Lab's main competitors?
Direct peers on record are Clario, Intrinsic Imaging, Medical Metrics (MMI), RadMD, WorldCare Clinical and Pharmtrace. Broad incumbents are ICON plc, IQVIA and Medpace. Median Technologies is listed as an emerging player.
Does Image Core Lab have an API?
No public API is recorded for Image Core Lab.
What industry is Image Core Lab in?
Image Core Lab's product category is Clinical Trial Imaging Services. Its primary akta.pro industry code is HLAGAEAH, Imaging Core Labs & Clinical Endpoint Adjudication, with a secondary code of HLAGAAAA, Clinical CROs (Phase I–IV). Its NAICS code is 621512 and its SIC code is 8071.