IDENTI Medical

AI Automation for Enhancing Healthcare Operational Efficiency

Health Tech & Life Sciences
Public on TASE on Jun, 2021<br>
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Company Overview

Snapshot

Founded in January 2017 by Shlomo Matityaho, IDENTI Medical operates with 11–50 employees. The company has raised $8.3M across one funding round and went public on the TASE in June 2021, achieving a market capitalization of $9.4M.

Business overview

IDENTI Medical develops and produces data collection solutions for surgical and procedural settings, leveraging artificial intelligence, machine learning, RFID, and image recognition technology. The company's healthtech tools provide complete control over medical inventory, enhancing patient safety and improving business processes. IDENTI Medical serves the healthcare industry by facilitating accurate tracking of medical implants and supplies, integrating with hospital systems for surgical charting, inventory management, product integrity, and optimized medical billing. Its solutions include AI cloud software for managing medical devices and consumables, the Snap & Go image recognition system, the Total Sense Cabinet for RFID tracking, and a secured Narcotics Cabinet for controlled substance management.

Strategic signal

In May 2023, Medline integrated IDENTI Medical's award-winning sensing solutions into its supply chain portfolio. This partnership signifies a strong market validation for IDENTI Medical's technology, indicating its potential to streamline medical supply chain operations and enhance efficiency within major healthcare distribution networks.

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Company Intelligence Q&A

What is IDENTI Medical's primary focus?
IDENTI Medical focuses on developing AI automation solutions to enhance operational efficiency in healthcare, particularly for managing medical inventory in surgical and procedural environments.
When did IDENTI Medical go public?
IDENTI Medical went public on the TASE in June 2021, raising $8.3M through its initial public offering.
What significant partnership did IDENTI Medical announce in 2023?
In May 2023, Medline added IDENTI Medical's award-winning sensing solutions to its supply chain portfolio, expanding the reach of IDENTI Medical's technology within the healthcare industry.
What is the 'Snap & Go' technology?
Snap & Go is IDENTI Medical's image recognition and AI technology designed to capture, identify, and record items used in surgery, also providing pre-consumption expiry and recall alerts.
What was a key contract secured by IDENTI Medical in 2021?
In September 2021, Hadassah Medical Organization signed a 7-year contract with IDENTI Medical for its solutions.
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