Alpha Omega Overview
Alpha Omega is a medical device company specializing in the areas of neurosurgery and neuroscience. The company provides solutions for the enhancement and simplification of deep brain stimulation (DBS) therapy and procedures. Alpha Omega implements the use of sophisticated software and hardware for brain mapping and navigation, both sleeping and awake, to enable increased treatment productivity in neurological and psychiatric disorders for better patient outcomes.
Cumulative Funding Raised Over Time ($)
$7.0MDec 2018
Latest News
Doubling down on unlikely success story, Arab-Israeli couple takes med-tech giant to Jenin
growth-positive
"In the operating room, it doesn't matter whether you're from New York or Nazareth"
Alpha Omega, a biomedical startup based in Nazareth, is revolutionizing the field of surgical intracranial navigation. The companys technology, which assists in brain surgeries, is used in over 200 hospitals worldwide. Alpha Omegas founders, Reem and Imad Younis, have turned Nazareth into a hub for Arab high-tech industry in Israel. The company received its first external investment of $7 million from the Chinese Guangzhou Sino-Israel Biotech Investment Fund in 2018. In 2019, Medtronic, a major customer, announced it would market Alpha Omegas systems globally, significantly expanding the companys reach.
CustomersPartnersInvestment
"בחדר הניתוח, לאיש לא אכפת אם הגענו מנצרת או מניו יורק" מוסף כלכליסט
growth-positive
Medtronic to market Alpha Omega neurosurgery system
Alpha Omega has signed a cooperation agreement with Medtronic, an international medical device company. The deal will generate millions of dollars in revenue for Alpha Omega and involves synergy between the two companies. Medtronic is the worlds most prominent marketer of intra-brain stimulation systems, while Alpha Omegas system guides these electrodes to their location. This agreement is similar to the partnership between Medtronic and Mazor Robotics, which eventually led to Medtronic acquiring Mazor. Alpha Omegas products have not been sold as part of a treatment package marketed by large companies before. Medtronic has been growing through acquisitions and has a market cap of $114 billion. Medtronic has been active in acquiring companies in Israel, including Odin Medical Technologies, Given Imaging, Ventor Technologies, superDimension, Visionsense, Orbotech, and Mazor.
Partners
Alpha Omega: news, updates and information about Alpha Omega
| Sector | Health Tech & Life Sciences |
Funding
| Total funding | $7M |
| Last funding | $7M |
| Stage | Mature |
| Rounds | 1 |
| Investors | 1 |
Team Members
5
Employees: 500+
Web & Social Links
| Website | www.alphaomega-eng.com |
| Careers | Careers page |
Locations
HaMerkava St 6, Nof HaGalil, Israel
Ubstadter Str. 28, 76698 Ubstadt-Weiher, Germany
5755 North Point Pkwy, Alpharetta, GA 30022, USA
Photos & Videos
2 item(s)
Alpha Omega Business
Business models
B2B
Product stage
Released
Employees
500+
Sector
Health Tech & Life SciencesMedical DevicesMedical Treatment & TherapeuticsDiagnostics DevicesTarget Customer
ConsumersEducation & AcademiaResearchersHealthcare & Life SciencesHealthcareLaboratoriesProvidersCore Technology
Platforms & InterfacesSoftwareTags (16)
hospitalsmedical-equipmentmonitoringsurgeryneuro-stimulationmedical-devicesneurologylaboratoriesacademianeuroscienceparkinsonreal-timetreatmentssoftware-developmenthardwarediagnosticsGeographic Markets
GlobalAlpha Omega Financials
$7M
Total funding
Undisclosed
Capital raised
$7M
Last funding
Mature
Funding stage
1
Total rounds
1
Investors
Cumulative Funding Raised Over Time ($)
$7.0MDec 2018
Private Equity Funding
Undisclosed Round
Dec 2018
$7M
Guangzhou Sino-Israel Biotech Investment Fund (GIBF)
Alpha Omega Lifecycle
Cumulative Funding Raised Over Time
$7.0MDec 2018
All Events
Undisclosed Round
Dec 2018
$7M
Guangzhou Sino-Israel Biotech Investment Fund (GIBF)
Alpha Omega News
8 articlesDoubling down on unlikely success story, Arab-Israeli couple takes med-tech giant to Jenin
growth-positive
"In the operating room, it doesn't matter whether you're from New York or Nazareth"
Alpha Omega, a biomedical startup based in Nazareth, is revolutionizing the field of surgical intracranial navigation. The companys technology, which assists in brain surgeries, is used in over 200 hospitals worldwide. Alpha Omegas founders, Reem and Imad Younis, have turned Nazareth into a hub for Arab high-tech industry in Israel. The company received its first external investment of $7 million from the Chinese Guangzhou Sino-Israel Biotech Investment Fund in 2018. In 2019, Medtronic, a major customer, announced it would market Alpha Omegas systems globally, significantly expanding the companys reach.
CustomersPartnersInvestment
"בחדר הניתוח, לאיש לא אכפת אם הגענו מנצרת או מניו יורק" מוסף כלכליסט
growth-positive
Medtronic to market Alpha Omega neurosurgery system
Alpha Omega has signed a cooperation agreement with Medtronic, an international medical device company. The deal will generate millions of dollars in revenue for Alpha Omega and involves synergy between the two companies. Medtronic is the worlds most prominent marketer of intra-brain stimulation systems, while Alpha Omegas system guides these electrodes to their location. This agreement is similar to the partnership between Medtronic and Mazor Robotics, which eventually led to Medtronic acquiring Mazor. Alpha Omegas products have not been sold as part of a treatment package marketed by large companies before. Medtronic has been growing through acquisitions and has a market cap of $114 billion. Medtronic has been active in acquiring companies in Israel, including Odin Medical Technologies, Given Imaging, Ventor Technologies, superDimension, Visionsense, Orbotech, and Mazor.
Partners
Alpha Omega: news, updates and information about Alpha Omega
growth-positive
Israeli medical device co Alpha Omega in Chinese JV
Alpha Omega, a Nazareth-based deep brain stimulation (DBS) device company, has received a $7 million investment from GIBF to set up a joint venture in China. The investment is intended to expand Alpha Omegas business in China. The company specializes in the design and production of products for brain treatment and surgery, particularly in guiding electrodes to the correct location. Alpha Omega has a 100% market share in Israel and is considered the leading company in this area globally. The company employs 85 people, with plans to grow to 100 employees. The investment will not change the ownership structure of Alpha Omega.
Investment
growth-positive
GPS for brain surgeons
Alpha Omega, a high-tech company specializing in neurosurgery and neuroscience research, was founded by Imad and Reem Younis. The companys products, which have FDA and CE approvals, are used by neuroscientists in research labs and by neurosurgeons for treating patients with neural disorders. Alpha Omegas equipment is known for its accuracy and stability and is used in over 100 hospitals and 500 labs worldwide. The company has a close relationship with the research community and is involved in both the medical and research fields. Alpha Omega aims to bring high-tech to Nazareth and provide employment opportunities for highly qualified engineers.
CustomersPartners
growth-positive
'The trends in high-tech are changing, but not at a pace Arab graduates need': An interview with Reem Younis
Reem Younis, co-founder of Nazareth-based high-tech company Alpha Omega, discusses the challenges and opportunities for Arab entrepreneurs in Israels high-tech sector. She highlights the need for more investment in education, employment and entrepreneurship to encourage more Arabs to join the high-tech industry. Younis also mentions the governments efforts to fill a shortfall of 10,000 engineers in the next 10 years by investing in Arab and Haredi schools. Alpha Omega is working to change the eco-system of Nazareth and attract other high-tech companies to the area.
InvestmentExpand
Alpha Omega Team
Employee Info
| Employees (range) | 500+ |
| Exact count | 573 |
| Team members | 5 |
Similar Companies
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Alpha Omega Internal
Recent Updates
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Admin Info
| Confidence | 100/100 |
| Missing | markets |
| BI Verification | Sharon Shapira |
| Registrar ID | 514046028 |
| Crunchbase | alpha-omega |
| Phone | +97246563327 |
| Creator | Tamar Weiss |
| Creator email | tamar.e.weiss@gmail.com |
| Last updater | Yanina Wainscheinker |
| Updater email | yanina.wainscheinker@sncentral.org |
| Last update | 2022-12-05T00:00:00.000Z |
| Created | 2014-07-15T00:00:00.000Z |
| Claimed | Yes |