Inovytec Medical Solutions Overview
Inovytec Medical Solutions develops innovative products designed to dramatically increase survivability in out-of-hospital medical emergencies. The companys solutions include the SALI, an automated oxy-defibrillator that combines oxygen therapy, airway management, and defibrillation along with real-time telemonitoring and emergency notification; the LUBO, an upper-airway opening device combined with a cervical collar for noninvasive airway management in cases that require cervical fixation or immediate airway management; and the VENTWAY, a multifunction, ultralight ventilator designed for critical care and oxygen therapy under field conditions.
Cumulative Funding Raised Over Time ($)
$2.0MJan 2015
$5.0MJan 2017
$8.6MJan 2018
$8.6MNov 2016
Latest News
growth-positive
החברה מרעננה שנוסדה עקב אירוע טראגי ועושה מיליונים מהמגפה
The article discusses the ranking of the 50 fastest growing companies in Israel, based on average revenue growth (CAGR) between 2017-2020. The company at the top of the list is Inovytec, a company that operates in the field of mobile respirators. The company experienced significant growth in 2020 due to the COVID-19 pandemic, which increased the demand for respirators. The company is now trying to prove that it can continue to grow its respirator business even in normal times.
CustomersExpand
growth-positive
Globes and Statista present: Israel's fastest growing companies
Inovytec Medical Solutions, an Israeli medical company, has been ranked as the fastest growing company in Israel with a growth rate of 460.1% between 2017 and 2020. This ranking was part of the Israel Growth Champions 2022 by Globes and Statista, which included 50 companies out of the 367 thousand active companies in Israel. The ranking was based on the willingness of company managers to disclose their annual revenue figures. Inovytecs growth rate was higher than the top ranked companies in Austria, Switzerland, and Singapore.
Customers
growth-positive
אינוויטק מוותרת על תל אביב ובוחנת גיוס בשווי מוגדל בנאסד"ק כלכליסט
Inovytec, an Israeli company that develops medical equipment for respiratory and cardiac emergencies, has decided to abandon its plans for an IPO in Tel Aviv and instead aims to go public on Nasdaq in 2022. The company had initially planned to raise funds in Tel Aviv at a valuation of 318 million shekels but did not receive the desired valuation. Now, Inovytec is looking at a higher valuation of $150 million for its Nasdaq IPO. The company is currently meeting with existing and potential customers in the US and believes that its potential sales volume in the US could reach tens of millions of dollars in the next two years.
Public TradingExpand
growth-positive
Inovytec & UAE's Healthsoft Partner to Sign Strategic Distribution Agreement for Ventway Sparrow Ventilators
Inovytec has signed a distribution agreement with Healthsoft to supply the UAE with its Ventway Sparrow portable advanced ventilators. The agreement will result in the supply of hundreds of ventilators every year. The ventilators have also received approval from the UAE Ministry of Health and Prevention (MOHAP) to be marketed in the country. Inovytecs products are designed to address emergency and routine respiratory and cardiac care. The companys ventilators are lightweight and suitable for respiratory transport and ventilated patient mobility in hospitals. The entire Ventway Sparrow product line is cleared by the FDA and CE and is in use globally. The distribution agreement with Healthsoft will contribute to Inovytecs growth in the UAE healthcare market.
Partners
growth-positive
Inovytec & UAE's Healthsoft Partner to Sign Strategic Distribution Agreement for Ventway Sparrow Ventilators
Inovytec has signed a distribution agreement with Healthsoft to supply the UAE with hundreds of its Ventway Sparrow portable advanced ventilators every year. The agreement was made after the ventilators received approval from the UAE Ministry of Health and Prevention (MOHAP) to market in the country. The UAE healthcare system is expected to benefit from the flexibility and quality of the technology provided by Inovytecs ventilators. Inovytec is a medical device company that develops cutting-edge devices for respiratory and cardiac care in emergency and routine situations. The companys products are designed to improve the chances of survival for critical medical victims.
Partners
| Sector | Health Tech & Life Sciences |
Funding
| Total funding | $8.6M |
| Last funding | $3.6M |
| Stage | Mature |
| Rounds | 5 |
| Investors | 5 |
Team Members
4
Employees: 11-50
Web & Social Links
| Website | www.inovytec.com |
| Careers | Careers page |
Locations
HaTidhar 5, Ra'anana, Israel
Photos & Videos
3 item(s)
Inovytec Medical Solutions Business
Business models
B2C, B2G, B2B
Product stage
Released
Employees
11-50
Sector
Health Tech & Life SciencesMedical DevicesMedical MonitorsLife SupportDigital HealthcarePatient Remote MonitoringTarget Customer
Healthcare & Life SciencesHealthcareProvidersPatientsDefense, Safety & SecurityNational SecurityMilitaryCore Technology
Machinery & RoboticsData StorageCloudTags (21)
automationcritical-carenon-invasivecardiologypreventionmonitoringmilitaryventilationmedical-devicesrespiratoryheart-failuretelemedicinedigital-healthcarecloud-basedvital-signsgovernmentsmart-cityemergency-responsetreatmentsremote-monitoringhealthcare-providersGeographic Markets
ChinaMexicoBulgariaEuropeCroatiaRussiaUnited KingdomSwedenNorwayUnited StatesGermanyItalyJapanSpainPolandRomaniaSouth AfricaGreeceUnited Arab EmiratesLithuaniaPortugalInovytec Medical Solutions Financials
$8.6M
Total funding
Undisclosed
Capital raised
$3.6M
Last funding
Mature
Funding stage
5
Total rounds
5
Investors
Cumulative Funding Raised Over Time ($)
$2.0MJan 2015
$5.0MJan 2017
$8.6MJan 2018
$8.6MNov 2016
Private Equity Funding
B Round
Jan 2018
$3.6M
Undisclosed Investor(s)
A Round
Jan 2017
$3M
Vincent Medical
A Round
Nov 2016
Undisclosed
Rhon-Klinikum
Seed
Jan 2015
$2M
Guangxi Wuzhou Pharmaceutical Group, Shaked Ventures
Non-Equity Funding
GrantEvent
Jan 2012
Undisclosed
Eurostars
Inovytec Medical Solutions Lifecycle
Cumulative Funding Raised Over Time
$2.0MJan 2015
$5.0MJan 2017
$8.6MJan 2018
$8.6MNov 2016
All Events
B Round
Jan 2018
$3.6M
Undisclosed Investor(s)
A Round
Jan 2017
$3M
Vincent Medical
A Round
Nov 2016
Undisclosed
Rhon-Klinikum
Seed
Jan 2015
$2M
Guangxi Wuzhou Pharmaceutical Group, Shaked Ventures
GrantEvent
Jan 2012
Undisclosed
Eurostars
Inovytec Medical Solutions News
17 articles
growth-positive
החברה מרעננה שנוסדה עקב אירוע טראגי ועושה מיליונים מהמגפה
The article discusses the ranking of the 50 fastest growing companies in Israel, based on average revenue growth (CAGR) between 2017-2020. The company at the top of the list is Inovytec, a company that operates in the field of mobile respirators. The company experienced significant growth in 2020 due to the COVID-19 pandemic, which increased the demand for respirators. The company is now trying to prove that it can continue to grow its respirator business even in normal times.
CustomersExpand
growth-positive
Globes and Statista present: Israel's fastest growing companies
Inovytec Medical Solutions, an Israeli medical company, has been ranked as the fastest growing company in Israel with a growth rate of 460.1% between 2017 and 2020. This ranking was part of the Israel Growth Champions 2022 by Globes and Statista, which included 50 companies out of the 367 thousand active companies in Israel. The ranking was based on the willingness of company managers to disclose their annual revenue figures. Inovytecs growth rate was higher than the top ranked companies in Austria, Switzerland, and Singapore.
Customers
growth-positive
אינוויטק מוותרת על תל אביב ובוחנת גיוס בשווי מוגדל בנאסד"ק כלכליסט
Inovytec, an Israeli company that develops medical equipment for respiratory and cardiac emergencies, has decided to abandon its plans for an IPO in Tel Aviv and instead aims to go public on Nasdaq in 2022. The company had initially planned to raise funds in Tel Aviv at a valuation of 318 million shekels but did not receive the desired valuation. Now, Inovytec is looking at a higher valuation of $150 million for its Nasdaq IPO. The company is currently meeting with existing and potential customers in the US and believes that its potential sales volume in the US could reach tens of millions of dollars in the next two years.
Public TradingExpand
growth-positive
Inovytec & UAE's Healthsoft Partner to Sign Strategic Distribution Agreement for Ventway Sparrow Ventilators
Inovytec has signed a distribution agreement with Healthsoft to supply the UAE with its Ventway Sparrow portable advanced ventilators. The agreement will result in the supply of hundreds of ventilators every year. The ventilators have also received approval from the UAE Ministry of Health and Prevention (MOHAP) to be marketed in the country. Inovytecs products are designed to address emergency and routine respiratory and cardiac care. The companys ventilators are lightweight and suitable for respiratory transport and ventilated patient mobility in hospitals. The entire Ventway Sparrow product line is cleared by the FDA and CE and is in use globally. The distribution agreement with Healthsoft will contribute to Inovytecs growth in the UAE healthcare market.
Partners
growth-positive
Inovytec & UAE's Healthsoft Partner to Sign Strategic Distribution Agreement for Ventway Sparrow Ventilators
Inovytec has signed a distribution agreement with Healthsoft to supply the UAE with hundreds of its Ventway Sparrow portable advanced ventilators every year. The agreement was made after the ventilators received approval from the UAE Ministry of Health and Prevention (MOHAP) to market in the country. The UAE healthcare system is expected to benefit from the flexibility and quality of the technology provided by Inovytecs ventilators. Inovytec is a medical device company that develops cutting-edge devices for respiratory and cardiac care in emergency and routine situations. The companys products are designed to improve the chances of survival for critical medical victims.
Partners
growth-positive
Automated first-aid system wins Smart Cities Connect award
Inovytec, an Israeli medical device company, has won a Smart Cities Connect Smart 50 Award for its implementation of the SALI first-aid system in Marburg, Germany. The automated emergency care device has also been deployed in Romania and Israel. The implementation in Germany showed that SALI reduced time to first medical treatment by six minutes and 12 seconds. Inovytec aims to create connected safe zones in cities where people are more protected in emergency situations. The company focuses on developing cutting-edge medical devices for respiratory and cardiac failure.
CustomersExpand
growth-positive
Inovytec & ADS Inc. Sign Strategic Distribution Agreement for Ventway Sparrow Robust Tactical Ventilators
Inovytec has signed a distribution agreement with Atlantic Diving Supply Inc. (ADS) for its Ventway Sparrow Robust ventilator. The agreement aims to make Inovytec a long-term medical supplier for the defense industry. The ventilator is designed for use in complicated combat environments and has already been approved for use by the Israeli and Swedish military forces. Inovytec hopes that the partnership with ADS will help them establish a foothold in the American defense sector. The Ventway Sparrow line of ventilators received FDA 510(k) clearance in January 2021.
Partners
growth-positive
הסכם בהיקף של 30 מיליון דולר לאינוויטק המועמדת להנפקה בת"א
Inovytech, a medical equipment company specializing in emergency medicine, has announced the signing of a strategic distribution agreement with ADS, an American military equipment supplier. The agreement requires ADS to order at least 1,000 portable ventilators per year for three years, totaling at least $30 million. This agreement is aimed at providing ventilators for situations beyond the COVID-19 pandemic. Inovytech has received FDA approval for its portable ventilators. The company is currently in the process of going public on the Tel Aviv Stock Exchange and is seeking to raise between 80-100 million shekels. Inovytech has seen significant growth in revenue due to the pandemic, with sales to military organizations and healthcare providers in Europe. The company had revenues of $23.6 million in the first nine months of 2020.
PartnersCustomers
growth-positive
Inovytec's Ventway Sparrow Line of Ventilators Receives FDA 510(k) Clearance to Market
Inovytec, a medical device company, has received FDA 510(k) clearance to market and sell its Ventway Sparrow ventilators in the United States. The ventilators are already being sold in Europe, Canada, and Australia and are undergoing registration in other countries. The Ventway Sparrow ventilators are designed for mobility, high-performance, and ease of use. They have been used in the fight against COVID-19 in Italy, Spain, the UK, South Africa, Russia, and Israel.
CustomersExpand
growth-positive
Medical device co Inovytec publishes TASE IPO prospectus
Inovytec, an Israeli turbine ventilators developer, has published a draft prospectus for an IPO on the Tel Aviv Stock Exchange. The company aims to raise NIS 80-100 million at a valuation of NIS 350 million. In 2020, Inovytec sold thousands of ventilators due to the Covid-19 pandemic, resulting in significant revenue growth. The company recently received FDA approval to market its products in the US, which is expected to expand its operations. Inovytec has three product lines: lightweight, mobile ventilators, a non-invasive respiratory device, and a remote patient monitoring system. The IPO is being led by Leumi Partners Underwriters.
Public TradingExpand
growth-positive
Inovytec Signs Deal to Provide Advanced Mobile Ventilators to California Medical Professionals
Inovytec has signed a deal to supply 1,500 advanced portable ventilators to Global Medical Supply, a California-based distributor. The ventilators will be used to aid patients with respiratory illnesses during the COVID-19 pandemic. The partnership with Global Medical Supply allows Inovytec to provide quality ventilators that are lightweight, durable, and affordable. The Ventway Sparrow ventilator, designed for mobility and ease of use, has been chosen for COVID-19 wards in Italy, Brazil, and Israel. Inovytec aims to serve other medical facilities in California and other states in the US. The companys three medical grade products, including Sali, Ventway, and Lubo, address critical moments of care and aim to improve outcomes in both routine and emergency medical events.
Partners
growth-positive
Inovytec and Israel Defense Forces Partner to Advance Military Ventilator Capabilities
Inovytecs Ventway Sparrow ventilator has been deployed by the Israel Defense Forces (IDF) for use in combat environments. The lightweight tactical ventilator offers improved mobility and robustness while maintaining high performance ventilation. The Ventway was presented at the International Conference on Emergency, Disaster and Military Medicine and Defense Tech Connect. The IDF Medical Corps collaborated with Inovytec to design a ventilator that meets the unique requirements of field conditions. Inovytec achieved this by reducing the size of traditional ventilator components while maintaining quality. The Ventway Sparrow weighs only 1.3 kg, is night vision compatible, and operational at altitudes of up to 25,000 feet. It also reduces maintenance costs and procedures. Inovytecs products aim to strengthen the healthcare continuum and improve outcomes in medical events.
Customers
growth-positive
הצורך במכונות הנשמה: חברה ישראלית תסיים את השנה עם גידול של 1000% בייצור
Israeli start-up Inovytec will end 2020 with the production of 5,000 ventilators, a significant increase from the few hundred devices it produced in 2019. The company, which launched its first ventilator production in 2018, has seen a surge in global demand due to the COVID-19 pandemic. Inovytec has supplied ventilators to countries including the UK, Spain, Italy, and Norway. The company also recently launched a new production line employing 100 people and expects the strong demand for ventilators to continue until 2023.
CustomersExpand
growth-positive
Portable Medical Device Developer Inovytec to Provide Israeli Defense Ministry with 1,000 Respiratory Machines
Israeli medical device developer Inovytec Medical Solutions Ltd. will provide the Israeli Ministry of Defense with 1,000 respiratory machines to assist in the countrys efforts to prepare for large numbers of coronavirus patients. The company has also received orders from Europe and is close to receiving FDA approval to sell the machines in the U.S. Inovytec is increasing its production capacity and preparing for 100% domestic production. The two orders from the Israeli Ministry of Defense are valued at over NIS 50 million ($14 million).
Customers
growth-positive
Emergency medicine co Inovytec raises $3m
Inovytec Medical Solutions, an Israeli company that develops and markets products for emergency medicine and trauma care, has received a $3 million strategic investment from Vincent Medical Holdings, a Chinese company. This investment allows Inovytec to enter the Chinese market and reach its capital-raising target. Inovytec has two products, one of which has already received regulatory approval and is being sold. The investment is seen as a vote of confidence in Inovytecs products and will help accelerate sales and product development.
Investment
growth-positive
Rhon Klinikum invests in Israeli co Inovytec
Israeli company Inovytec Medical Solutions has received an investment of several million dollars from German company Rohn Kinikum. The investment will enable Inovytec to support marketing for their products designed to provide medical assistance before the patient enters the hospital. The two companies will also station hundreds of Inovytecs systems in a German district under an agreement likely to generate several million dollars more. Inovytec has two products: a resuscitation product and a next-generation defibrillator. The resuscitation product, called Lubo, is already on the market and has CE and FDA approval. The second device, called Sali, is an upgraded defibrillator with additional capabilities. Inovytecs customers include rescue organizations and institutions with first aid kits. The investment from Rohn Kinikum will help Inovytec expand its market reach and improve emergency medical care.
InvestmentPartners
growth-positive
BRIEF-Guangxi Wuzhou Zhongheng to invest in Israel's Inovytec Medical Solutions
Guangxi Wuzhou Zhongheng Group Co Ltd plans to invest $2 million in Israels Inovytec Medical Solutions.
Investment
Inovytec Medical Solutions Team
Employee Info
| Employees (range) | 11-50 |
| Exact count | 40 |
| Team members | 4 |
Similar Companies
Similar companies data is computed dynamically and not stored in the entity profile. This section requires implementing a similarity query (e.g. by classification overlap, sector, district).
This entity has 17 classification IDs that could be used for matching.
Inovytec Medical Solutions Internal
Recent Updates
No update log entries.
Note: Free-text notes visible in the original Finder "Internal" tab are not present in the imported profile data. Only the update audit log is available.
Admin Info
| Confidence | 100/100 |
| Missing | markets |
| BI Verification | Yanina Wainscheinker |
| Registrar ID | 514576503 |
| Crunchbase | inovytec |
| Phone | +97297794135 |
| Creator | Rebecca Mack |
| Creator email | rebeccamack26@gmail.com |
| Last updater | Yanina Wainscheinker |
| Updater email | yanina.wainscheinker@sncentral.org |
| Last update | 2022-08-16T00:00:00.000Z |
| Created | 2014-07-17T00:00:00.000Z |
| Claimed | Yes |