AssistIQ raises $11.5M to scale AI-enabled provide monitoring tech

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AssistIQ raises .5M to scale AI-enabled provide monitoring tech

AssistIQ, which provides hospitals laptop imaginative and prescient know-how for provide chain administration, has secured $11.5 million in Collection A funding. 

The spherical was led by Battery Ventures, with participation from current investor Tamarind Hill. 

Brandon Gleklen, principal at Battery Ventures, will be a part of the corporate’s board of administrators. 

WHAT IT DOES

The Montreal-based firm provides hospitals AIQ Seize, its flagship product, which permits for provide monitoring in OR and procedural rooms. It tracks real-time provide and implant utilization, which the corporate says permits for much less waste.

“Our mission is to construct belief in knowledge and empower well being programs with AI-driven insights that enhance margins, drive sustainability and finally improve affected person care,” AssistIQ CEO Lisa Israelovitch stated in an announcement. 

“We’re thrilled by the market’s response to our product and deeply grateful to our well being system companions, whose collaboration helps us innovate and ship options that create worth throughout medical and operational workflows. We’re additionally excited to welcome Brandon and the Battery workforce to the AssistIQ journey as we speed up our progress and broaden our impression out there.”

MARKET SNAPSHOT

In 2023, AssistIQ raised $2.5 million CAD ($1.81 million) in early-stage funding. 

AssistIQ’s platform has been built-in into Epic at Owensboro Well being Regional Hospital in Kentucky, and the corporate says it has a number of extra Epic integrations deliberate within the coming months. 

New York state’s Northwell Well being, which can also be the corporate’s design associate, additionally makes use of AssistIQ’s know-how. 

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