Scalpel AI, a London, UK-based medtech startup transforming the management of surgical tools and implants using computer vision, raised $4.8m (£3.8m) in funding.
The round was led by Mercia Ventures, with participation from Tensor Ventures and private investors.
The company intends to use the funds to scale its global operations and roll out its technology with major players in the healthcare supply chain, including sterile services, hospitals, and prominent third-party logistics (3PL) services such as GlobalMed Logistix (GMLx).
Founded in 2017 by CEO Dr Yeshwanth Pulijala, and CTO Dr Shahnawaz Ahmed, Scalpel AI combines computer vision and machine learning to identify and track surgical instruments. It generates a digital twin for each tool as it moves from vendor warehouses to operating rooms and back and also verifies that surgical trays delivered to the operating theatre contain the right equipment. The company’s vision is to make surgery safer for patients while setting a global standard for surgical logistics.
By comprehensively validating and tracking surgical instruments across the supply chain, Scalpel AI enhances patient safety, eliminates costly mistakes, reduces equipment losses, and provides visibility—from device companies to logistics providers and surgeons. It ensures the right tool reaches the right place at the right time.
FinSMEs
01/11/2024