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Scalpel AI raised $4.8M in a funding round led by Mercia Ventures to support global expansion and the rollout of its technology in surgical logistics.

Oct 31, 2024about 1 year ago

Amount Raised

$4.8 Million

Round Type

seed

LondonHealth DiagnosticsMedical DeviceMachine LearningArtificial IntelligenceBiotechnologyHealth Care

Investors

Private InvestorsTensor VenturesMercia Ventures

Description

Scalpel AI, a London-based medtech startup, has successfully completed a $4.8M funding round to enhance its technology for managing surgical tools. The funding will facilitate its expansion and collaboration with healthcare supply chain partners.

Company Information

Company

Scalpel AI

Location

London, England, United Kingdom

About

Scalpel AI is a London-based medtech startup founded in 2017 by Dr. Yeshwanth Pulijala and Dr. Shahnawaz Ahmed. The company focuses on revolutionizing surgical logistics through AI technology to address the mismanagement of surgical tools and implants. By using computer vision and machine learning, Scalpel AI enhances the accuracy of surgical logistics and aims to improve patient outcomes while reducing costs in the healthcare supply chain. Their platform sets a global standard for surgical tool management to promote safer surgeries and personalized healthcare.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers