Scalpel AI funding news – London-based Scalpel AI Secures $4.8Million in Funding
Oct 31, 2024 | By Kailee Rainse
London-based medtech company Scalpel AI has secured $4.8 million in funding. The round was led by Mercia Ventures, with contributions from Tensor Ventures and private investors.
SUMMARY
- London-based medtech company Scalpel AI has secured $4.8 million in funding.
- Scalpel AI's platform automates the validation of surgical trays, reduces human error, and streamlines workflows, ultimately saving costs, improving patient safety, and increasing efficiency for healthcare providers.
Funding utilisation
This funding will help it expand its operations worldwide and implement its technology with key players in the healthcare supply chain, including sterile services, hospitals, and logistics companies like GlobalMed Logistix.
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It uses computer vision and machine learning to help healthcare providers manage and track surgical tools and implants, especially during staff shortages. It creates a digital twin for each tool as it moves from vendor warehouses to operating rooms and back, ensuring that the right equipment is included in surgical trays.
Lee Lindley of Mercia Ventures added: “Ensuring that surgical trays contain the right equipment is essential for an effective healthcare system. Existing solutions use simple mechanisms such as barcodes, RFID tags, and manual validation. Scalpel AI’s platform has the potential to transform how surgical trays are managed. This investment will enable the company to scale internationally and pursue its goal of being recognised as the industry standard. We’re excited to be supporting Yesh and Shah on this journey.”
About Scalpel AI
Scalpel AI's platform automates the validation of surgical trays, reduces human error, and streamlines workflows, ultimately saving costs, improving patient safety, and increasing efficiency for healthcare providers.