What are HealthTech Startups?
Healthtech startups are innovative companies operating at the intersection of healthcare and technology, leveraging advanced technological solutions to address and enhance various aspects of the healthcare industry. These startups often develop and implement cutting-edge technologies, such as artificial intelligence, telemedicine, wearable devices, and data analytics, to improve patient care, streamline healthcare operations, and facilitate medical research.
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By introducing novel solutions, health-tech startups aim to optimize the delivery of healthcare services, enhance diagnostic capabilities, and promote preventive healthcare measures. Whether through digital health platforms, remote monitoring tools, or personalized health applications, these startups contribute to the ongoing digital transformation of the healthcare sector, ultimately striving to make healthcare more accessible, efficient, and patient-centred.
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Top 10 HealthTech Startups in Hungary
Turbine
Founded in 2015 in Budapest, Hungary by Charles Parsons. Turbine is a revolutionary HealthTech startup specializing in AI-driven cancer therapy management software for researchers and doctors. Turbine's vision is to transform cancer treatment through its Simulated Cell, a customizable model simulating various cancer types with multiple OMICS layers.
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The innovative approach employs AI algorithms to conduct in silico testing of diverse treatment combinations, aiming to identify the most effective drug combinations. Recently securing $30.7 million in a Series A funding round from investors like Accel and Mercia, Turbine is pushing the boundaries of cancer research and treatment.
InSimu Patient
Founded in 2016, Budapest, Hungary by Zsolt Robotka. SignAll is a trailblazing startup focused on developing an AI-based sign language translation solution for the deaf and hard-of-hearing communities. SignAll's core mission revolves around leveraging AI and computer vision to recognize and translate sign language.
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The technology involves webcams, a depth sensor, and a PC to continuously track hand gestures, transforming them into grammatically correct sentences in real-time. With investors like Credo Ventures, SignAll aims to bridge communication gaps for the deaf and hard of hearing.
ChemAxon
ChemAxon was founded by Ferenc Csizmadia and Peter Csizmadia in 1998. ChemAxon is a key player in the HealthTech sector, specializing in cheminformatics software platforms, applications, and services for the biotechnology and pharmaceutical industries.
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hemAxon's mission centers around contributing to advancements in chemical sketching, visualization, data exploration, and other critical areas in cheminformatics. With a Tracxn Score of 42/100, ChemAxon is recognized for products like Marvin, JChem for Office, Plexus Suite, and more.
DiabTrend
Founded in 2015 and headquartered in Budapest, Hungary, DiabTrend is a provider of a state-of-the-art app for blood glucose management. DiabTrend's mission is clear – to empower users in managing diabetes effectively.
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The app facilitates the maintenance of a diabetes diary, offering features such as blood glucose level measurements, insulin intakes, food tracking, and sleep monitoring.
Veeva Engage
Established in 2020 in Budapest, Hungary, Veeva Engage, founded by Peter Gassner, is a digital tool designed for providers and pharmaceutical companies to communicate and engage.
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The company's mission centers around facilitating seamless communication in the healthcare and pharmaceutical sectors. Veeva Engage has positioned itself as a notable player in the digital engagement space.
Fitpuli
Established in 2017 in Budapest, Hungary, Fitpuli, founded by Daniel Olah and Bekasi Sandor, offers a mobile application for employer health. The application, compatible with wearables, fitness trackers, and smartwatches, collects lifestyle-related data to provide personalized analyses, feedback, and motivational tools.
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Fitpuli's mission revolves around promoting employee health and well-being through innovative digital solutions. Although financial details remain undisclosed, Fitpuli aims to create a positive impact on workplace health.
Babyndex
Founded in 2016 in Godollo, Hungary, Babyndex, with founder Akosa Bodo, and investors like EIT Health, is a provider of a saliva ovulation test kit and a mobile app for monitoring pregnancy. The company has developed a microscope device that uses saliva samples to detect pregnancy through a smartphone camera.
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The mobile app employs algorithms for saliva pattern analysis, providing predictions on ovulation cycles and pregnancy. As a leader in its niche, Babyndex focuses on making pregnancy monitoring accessible and user-friendly.
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