About Ideal Medical Technologies
Ideal Medical Technologies is a Healthcare company based in Asheville (United States) founded in 2013. An AI-based artificial pancreas system is developed for ICU patients. Ideal Medical Technologies offers products and services including FUSION System. Its focus areas include Life Sciences, Diabetes, Medical Devices and Therapeutic Devices. Its competitors include Admetsys, TypeZero Technologies and Pacific Diabetes Technologies; 3 of its 3 listed competitors have raised funding.
Company details
Ideal Medical Technologies aims to develop an artificial intelligence based artificial pancreas for use in the ICU setting. The AI based artificial pancreas device will be a closed loop system that will require 30 minutes of daily nursing time to manage, with most of this time spent on glucose sensor (twice a day) calibration and daily replacement of the IV insulin and glucose used by the AI based system. The system uses software that adjusts the doses of IV insulinglucose infusing into the patients on an every 5-10 minute basis, mimicking the frequency of insulin adjustment used by the native pancreas, and the frequency of glucose output from the liver. In Feb 2015, the company received US patents (US 8,956,321 B2); In April 2016, the company received European patent rights- EP2197521.
- Headquarters Asheville, United States
- SectorsHealthcare
- Email••••••••
- Phone•••• ••••
- Website idealmedtech.com/Default.asp
- Social LinkedIn X Facebook
- Latest Funding Round$1.89M (USD), Grant
Jun 2022
- InvestorsHHS
& 1 more
Products & Services of Ideal Medical Technologies
Ideal Medical Technologies offers a comprehensive portfolio of products and services, including FUSION System.
AI-based system for automated glucose control in ICUs.
Funding Insights of Ideal Medical Technologies
- Total Rounds 4
- Last Round Grant — $1.89M
- Investors Count 2
All 4 funding rounds of Ideal Medical Technologies with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
2 investors in total: 2 institutional.
Investors in Ideal Medical Technologies
Ideal Medical Technologies has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include HHS and NCBiotech.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Biotech startups are incubated and funded in North Carolina. | 1984 | ncbiotech.org | Durham, United States | |
Public health and human services are overseen by HHS. | 1953 | hhs.gov |
Investor details for Ideal Medical Technologies
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People of Ideal Medical Technologies
4 people are tracked at Ideal Medical Technologies (3 in leadership, 1 in board & advisors).
| Name | Role | Group |
|---|---|---|
Jeremy DeJournett | CTO | Leadership |
Steven Kane | CEO | Leadership |
Jeremy D. | Chief Technology Officer | Leadership |
Mats Wallin | Advisor | Board & advisors |
Complete people profiles for Ideal Medical Technologies
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Timeline of Ideal Medical Technologies
3 dated milestones of Ideal Medical Technologies across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Ideal Medical Technologies is founded.
- Funding First funding round.
- Funding Latest funding round, Grant, of $1.9M.
Competitors of Ideal Medical Technologies
Ideal Medical Technologies has 3 listed competitors in our database, 3 of them funded. They include Admetsys, TypeZero Technologies and Pacific Diabetes Technologies.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| admetsys.com | 2014 | Boston, United States | $50,000 | Provider of a closed-loop system for insulin and glucose delivery | ||
| typezero.com | 2013 | Charlottesville, United States | $415,000 | Device for continuous glucose monitoring with manually operated insulin delivery | ||
| pacificdt.com | 2011 | Portland, United States | $6.52M | Electronic diabetes management device for glucose sensing and hormone delivery |
Detailed competitors of Ideal Medical Technologies
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Top companies in Diabetes
3 companies that operate in the same segment as Ideal Medical Technologies (Diabetes) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Developer of devices for continuous glucose monitoring and manual insulin delivery | 2008 | San Diego, California, United States | USD 100.73 M | USD 1.02 B | 2,650 | |
Wearable glucose monitoring patches are provided for real-time data tracking. | 1999 | San Diego, California, United States | USD 52.5 M | USD 4.66 B | 10,300 | |
Wearable insulin infusion systems are developed for diabetes patients. | 2000 | Boston, Massachusetts, United States | USD 120.4 M | USD 2.71 B | 3,900 |
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Related news about Ideal Medical Technologies
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Frequently Asked Questions about Ideal Medical Technologies
Ideal Medical Technologies was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Ideal Medical Technologies is headquartered in Asheville, United States. It is registered at Asheville, North Carolina, United States.
Ideal Medical Technologies aims to develop an artificial intelligence based artificial pancreas for use in the ICU setting. The AI based artificial pancreas device will be a closed loop system that will require 30 minutes of daily nursing time to manage, with most of this time spent on glucose sensor (twice a day) calibration and daily replacement of the IV insulin and glucose used by the AI based system. The system uses software that adjusts the doses of IV insulinglucose infusing into the patients on an every 5-10 minute basis, mimicking the frequency of insulin adjustment used by the native pancreas, and the frequency of glucose output from the liver. In Feb 2015, the company received US patents (US 8,956,321 B2); In April 2016, the company received European patent rights- EP2197521.
Ideal Medical Technologies's top competitors include Admetsys, TypeZero Technologies and Pacific Diabetes Technologies.
Ideal Medical Technologies offers FUSION System.