What You Should Know: The Israel Innovation Authority announced today a NIS 113M ($31M USD) investment for the establishment of a center that will provide research and development (R&D) infrastructure for bio-devices based on bio-chips. The investment is part of the National Bio-Convergence Program.Bio-convergence represents the integration of biology and life sciences with engineering and software technologies. The investment is directed at companies dedicated to developing key
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Israeli Digital Health Startups | Healthcare Innovation | News, Analysis, Insights - HIT Consultant
Allegheny Health Network to Support Israeli Health Startups with Israel Innovation Authority Partnership
What You Should Know: Allegheny Health Network (AHN) and the Israel Innovation Authority sign a memorandum of understanding (MOU) to establish a formal affiliation between AHN’s Research Institute and the Innovation Authority to support Israeli healthcare startups. The strategic alliance will provide Israel Innovation Authority with access to AHN facilities for pilot projects, advanced technology support, and other forms of program assistance. Pilot Program to Support Israeli Medical
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Israeli Startup TailorMed Acquires Vivor to Create Provider and Pharmacy Network
What You Should Know: - Financial navigation technology company TailorMed acquires Vivor to create the largest provider and pharmacy network. - The combined companies will offer the most comprehensive solution for addressing unprecedented financial pressures on patients and healthcare organizations. Israeli startup TailorMed, a leading financial navigation technology company that helps healthcare organizations and patients remove financial barriers to care in the U.S acquires
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U of Florida to Deploy DreaMed AI Solution for Type 2 Diabetes
What You Should Know: - DreaMed Diabetes AI, developer of the AI-powered Advisor Pro Clinical Decision Support System and expert-care platform for diabetes, announced today the expansion of its commercial relationship with the Pediatric Endocrinology Clinic at the University of Florida in Gainesville. - The clinic will begin using the Advisor Pro Decision-Support System for people with Type 2 and Type 1 diabetes, enhancing its offering to healthcare practitioners and patients. - Advisor
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Eleos Health Raises $6M to Expand VoiceAI-Powered Behavioral Health
What You Should Know: - Eleos Health, a digital health startup transforming behavioral healthcare with voice-based AI insights, today announced the close of $6M in seed funding to develop and launch their new category of automated health tech solutions that accelerate clinicians’ decision making led by aMoon Fund with participation from lool ventures, who led the company’s pre-seed round, and Gandyr Group, alongside Arkin Holdings, Geingels and former c-suite and executives from Google, MIT
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Israeli Startup Aidoc Raises $65M for AI-Powered Medical Imaging Platform
What You Should Know: - Aidoc, a Tel Aviv-based provider of artificial intelligence (AI) solutions for medical imaging, announced it has raised $65M in Series C funding led by General Catalyst, bringing its total funding to $140M. - This Series C round comes on the heels of a surge in demand for Aidoc’s AI-driven solutions, including the largest clinical deployment of AI in healthcare through its partnership with Radiology Partners. - Founded in 2016, Aidoc’s solutions aid
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BioT Raises $6.5M to Transform Medical Devices Into Connected Solutions
What You Should Know: - BioT, a TEL AVIV, Israel-based provider of medical devices cloud connectivity and remote care, announced $6.5 million Seed Round financing led by Bridges Israel, together with North First Ventures, and XT Hi-Tech. - Connected Care is quickly becoming a major factor in the healthcare industry by eliminating the need for patients to return to a physician's office for check-ups and monitoring. BioT is a low-code, easy-to-integrate, cloud-based platform for
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Yale New Haven Health Deploys Virtual Clinic for Pediatric Patients with Diabetes
What You Should Know: - After taking part in proving the clinical benefit of using AI-based decision support tools, as was recently published in Nature Medicine, Yale New Haven Health System and DreaMed Diabetes announced a collaboration that will explore what it would take to adopt such a solution into a real-world health system. - As part of the collaboration, Yale New Haven will utilize DreaMed’s Advisor Pro platform to create a virtual clinic, this real-world evaluation will assess the
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Amazon, AstraZeneca, Pfizer, Merck to Build $10M Digital Health Innovation Lab in Israel
What You Should Know: - Pfizer, AstraZeneca, Merck, and Teva, and Amazon Web Services (AWS) has been selected by the Israel Innovation Authority to establish an innovation lab in the fields of digital health and computational biology. - The innovation lab located in the Rehovot Science Park will receive a government budget of $10M over the next five years and is slated to start operations in 2021. Pfizer, AstraZeneca, Merck, and Teva, as well as the Israel Biotech Fund and tech
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Israeli Digital Health VC Firm OTV Closes $170M Venture Fund
What You Should Know: - OTV (formerly Olive Tree Ventures), Israel’s ‘digital health first’ venture capital firm closes $170 million venture fund to support innovative digital health companies worldwide. - OTV also announced today a new China office and the appointment of Jose Antonio Urrutia Rivas as Head of Asia Pacific. OTV (formerly Olive Tree Ventures), Israel’s ‘digital health first’ venture capital firm, today announced the closing of a fund with a total value of
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