Company Overview
Snapshot
Founded in February 2005, Smart Medical Systems operates with 11–50 employees. The company has raised $14.5 million across two funding rounds from four investors. In February 2021, the company received additional FDA clearance for its G-EYE Colonoscope and commenced clinical work in the USA.
Business overview
Smart Medical Systems develops medical devices for gastrointestinal (GI) endoscopy, focusing on widespread, cost-effective solutions to enhance endoscopy for both doctors and patients. Its core product, the G-EYE endoscope, utilizes proprietary balloon technology to enable controlled withdrawal during colonoscopy, improving visibility and facilitating easier and faster therapy. The G-EYE system, alongside single-balloon disposables, can also function as an optimized two-balloon system for deep small bowel enteroscopy and double-balloon colonoscopy. The company operates within the Health Tech & Life Sciences sector, specifically in Medical Devices and Diagnostics Devices, serving healthcare providers and distributors globally, including in the United States.
Strategic signal
In February 2021, Smart Medical Systems received additional FDA clearance for its G-EYE Colonoscope, enabling the company to commence commercial and clinical operations in the USA. This regulatory approval and market entry into a significant healthcare market signals strong growth potential and validates the G-EYE's efficacy in enhancing polyp detection during colonoscopy, positioning the company for increased adoption and market share.
Log in to access full profile ›Company Intelligence Q&A
- What is Smart Medical Systems' flagship product?
- Smart Medical Systems' flagship product is the G-EYE endoscope, which uses balloon technology to improve visibility and control during colonoscopy, enhancing polyp detection.
- When did Smart Medical Systems receive additional FDA clearance for its G-EYE Colonoscope?
- Smart Medical Systems received additional FDA clearance for its G-EYE Colonoscope in February 2021, which also marked the commencement of clinical work in the USA.
- Which company partnered with Smart Medical Systems to launch the G-EYE 760R Colonoscope in Europe?
- In February 2020, Smart Medical Systems launched its G-EYE 760R Colonoscope in the European endoscopy market through a strategic distribution partnership with Fujifilm Europe.
- When did Smart Medical Systems raise its Series B funding?
- In February 2018, Smart Medical Systems raised Series B financing from Signet Healthcare Partners.
- Which investors participated in Smart Medical Systems' Series A funding round?
- In April 2014, Smart Medical Systems secured Series A funding from Domain Associates and GlenRock Group.