Israeli startup Aidoc has made significant progress since the days it started out at IBT’s Brainnovations accelerator program. We spoke with Aidoc Founder & CEO Elad Walach to catch up on what’s new at this exciting company:
“We’ve just now received the CE mark for our first product, which detects visual abnormalities in brain and neck CTs,” said Walach. “The product is already going through beta testing in six sites in the U.S., including some of the country’s leading hospitals. Now the real work starts – making sure our beta customers are happy and see real value from our product. We are also scaling our marketing and sales for the next stage.” The CE marking will now enable Aidoc to market their solution across Europe.
Aidoc’s first product focuses on the head and neck – an anatomical area responsible for a major portion of medical images, but the company plans to provide products for imaging in other parts of the body in the future. Aidoc’s solution uses artificial intelligence to streamline the workflow of radiologists diagnosing scans. “There is a huge bottleneck in radiology,” explains Walach. “More people are getting CTs and MRIs, but there is a limited number of radiologists to decipher them.”
It seems that Aidoc is hitting the market at just the right time, with a huge need for AI solutions in radiology. “Radiologists are embracing our solution. They can’t handle the workload, and understand that AI is the technology that will solve the bottleneck,” says Walach.
Aidoc was founded two years ago by Walach and two friends from the Israeli Defense Force’s elite technology unit Talpiot, who decided to forego cyber and IT and take the challenging, but satisfying, path in healthcare. They recruited a fourth partner from the radiology arena, and forged ahead. The company has raised $10.5M in funding, from Israeli VCs TLV Partners, Magma Ventures and Emerge.
Aidoc is a member company at IBT-Tech, which was established with support from the Israel Innovation Authority, with the goal of empowering Israeli brain-technology companies through knowledge sharing, enrichment and networking. “We’re thrilled to be active members at IBT-Tech, which brings top notch events and world-leaders in the different aspects of brain technology to Israel,” says Walach. “IBT-Tech is fostering an ecosystem of BrainTech in Israel and helping us to both develop relationships in the country and to reach beyond, to the international BrainTech community,”
Meet Aidoc at the RSNA exhibition – at Booth #8044