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Icometrix

icometrix.com

Founded Year

2011

Stage

Series A | Alive

Total Raised

$20.17M

Last Raised

$18M | 4 yrs ago

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About Icometrix

Icometrix allows users to obtain clinically meaningful data from brain MRI and CT scans for patients with Multiple Sclerosis, Traumatic Brain Injury, Epilepsy, Alzheimer’s Disease, Stroke, etc. The fully automated icobrain software is FDA approved and has market approval in Europe, Japan, Canada, US, India, Brazil, and Australia.

Headquarters Location

Kolonel Begaultlaan 1b / 12

Leuven, 3012,

Belgium

+32 (0)16 369 000

ESPs containing Icometrix

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Healthcare / Healthcare Providers Tech

These companies are building solutions for the 50M people suffering from epilepsy, a disease whose annual cost of care is estimated at over $119B. Solutions range from implantable medical devices that act as EEG monitors to apps that track seizures, symptoms, and medication adherence.

Icometrix named as Leader among 8 other companies, including NeuroSigma, EpiWatch, and Seer Medical.

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Icometrix's Products & Differentiators

    icobrain

    CE marked and FDA cleared imaging AI software that obtains meaningful numbers from brain MRI and CT scans.

Expert Collections containing Icometrix

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Icometrix is included in 6 Expert Collections, including Artificial Intelligence.

A

Artificial Intelligence

10,424 items

This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.

D

Digital Health 150

300 items

2019's cohort of the most promising digital health startups transforming the healthcare industry

M

Medical Devices

11,919 items

Companies developing medical devices (per the IMDRF's definition of "medical device"). Includes software, lab-developed tests (LDTs), and combination products. *Columns updated as regularly as possible.

H

Health Monitoring & Diagnostics

2,938 items

Companies developing or offering products that aid in the assessment, screening, diagnosis, or monitoring of a person's state of health/wellness. Excludes companies focused solely on fitness/sports performance

D

Digital Health

13,173 items

Technologies, platforms, and systems that engage consumers for lifestyle, wellness, or health-related purposes; capture, store, or transmit health data; and/or support life science and clinical operations. (DiME, DTA, HealthXL, & NODE.Health)

H

Health IT

10,999 items

This collection includes public and private companies, as well as startups, that market software solutions to healthcare provider organizations.

Icometrix Patents

Icometrix has filed 2 patents.

The 3 most popular patent topics include:

  • Image processing
  • Medical imaging
  • Neuroscience
patents chart

Application Date

Grant Date

Title

Related Topics

Status

9/17/2019

1/10/2023

String theory, Medical imaging, Image processing, Microscopy, Magnetic resonance imaging

Grant

Application Date

9/17/2019

Grant Date

1/10/2023

Title

Related Topics

String theory, Medical imaging, Image processing, Microscopy, Magnetic resonance imaging

Status

Grant

Latest Icometrix News

07:53 ET icometrix & Queen Mary University of London receive prestigious AI Award from the National Institute for Health and Car...

Mar 3, 2023

USA - English Share this article Share this article -  icometrix & Queen Mary University of London receive prestigious AI Award from National Institute for Care & Health Research (NIHR) to undertake a project called "Artificial intelligence-assisted magnetic resonance imaging for quality, efficiency and equity in the NHS care of multiple sclerosis (AssistMS)" -  AssistMS will investigate the impact of AI applied to MRI on decision making, clinical outcomes and health economics in the care of people with multiple sclerosis (MS) LONDON, March 3, 2023 /PRNewswire/ -- icometrix is proud to announce that, together with Queen Mary University of London (QMUL), it has been awarded the prestigious AI Award in Health and Care. This collaborative program will investigate the impact of AI on the assessment of MRI and decision making in the context of multi-disciplinary team meetings for people with MS. It is hoped that this research will lead to better care for people with MS (pwMS). icobrain output The programme called AssistMS, is a collaboration between icometrix, QMUL, the University of Nottingham, and Barts Health and Nottingham University Hospitals Trusts. The project is further supported by the East Midlands Imaging Network (EMRAD), InHealth Group and the MS Society of Great Britain & Northern Ireland. AssistMS will focus on the reporting of MRI head by neuroradiologists in routine clinical practice. pwMS receiving disease-modifying treatments (DMT) undergo annual MRI of the central nervous system to monitor disease activity. This allows clinicians to detect whether the DMT is working or not. MRI is much more sensitive than clinical indices, and detecting disease activity early enables changing DMT such that MRI-detectable disease activity does not lead to clinical deterioration. However, detecting the often subtle changes on MRI is time-consuming, tiring and, thus, prone to human error. Dr. Ashok Adams, Consultant Neuroradiologist at Barts Health, says: "Support for AssistMS will be invaluable to us as a neuroimaging department as it will help with the accurate evaluation of scans in order to guide patients' therapy. This is at a time when imaging departments are under increased pressure to provide timely imaging and scan reports." The software tested in AssistMS, icobrain ms, detects and highlights subtle changes on MRI brain, and provides summary reports. We hope the technology will enable clinicians to make better informed DMT for and with pwMS. Clinicians will be able to detect signs of disease activity faster and more effectively, enabling them to make quicker decisions about a possible DMT switch. Klaus Schmierer, Professor of Neurology at QMUL and joint lead of AssistMS: "I am thrilled about this generous award funded by NIHR through the NHS AI Lab's AI in Health and Care Award. If successful, AssistMS will have a significant impact on pwMS' quality of life as well as equity and efficiency of MS care across the UK." Nikos Evangelou, Professor of Neurology at the University of Nottingham and honorary consultant Neurologist at Nottingham University Hospitals NHS Trust: "As part of monitoring patients with Multiple Sclerosis, we do lots of MRI scans of the brain. Checking, measuring  and comparing scans with those taken in the previous years can take a long time. We hope with this study we will learn how to use "cutting edge technology for automatic scans reading" to help us to treat our patients appropriately, having all the information we need." As part of AssistMS, neuro-radiologists and radiologists will perform their assessment with and without the support of icobrain ms. The project will investigate the accuracy and the consistency of the AI tool in detecting disease activity and other clinically important features in MRI brain images from about 1300 pwMS cared for in east London and Nottingham. The randomised design of AssistMS will enable comparison between standard and AI-assisted MRI assessment. Moreover, AssistMS investigates the impact of the technology on clinical decisions, an understudied area, as well as exploring the economic value of the technology. The project is expected to start in the coming months and will run for three years. Results will be published in peer reviewed publications and lay reports. Ms Rachel Horne, PPI lead of AssistMS, says: "This is really  exciting news. What this means - for people with MS (like myself) - is that by using AI to analyse brain scans, neurologists will be able to get a much more accurate idea of how each patient's disease course is progressing and, in turn, to recommend the best possible treatment for that person." Geoff Searle, InHealth Chief Executive and AssistMS partner complemented: "We're so pleased to be supporting this fantastic approach to innovation and providing technology that has the potential to significantly improve care pathways for patients affected by  Multiple Sclerosis. As a trusted NHS partner of more than 30 years, it's great to be able to build on our already strong relationship with Barts Health NHS Trust and Nottingham University Hospitals NHS Trust, where we deliver MRI scans for both, providing our expertise in scanning and reporting to the study." Wim Van Hecke , CEO icometrix concluded: "We are extremely grateful and excited to share this prestigious Award with QMUL, and especially being able to collaborate on the  AssistMS programme pushing the boundaries of healthcare further through our validated and potentially cost-saving icobrain ms solution. Our joint efforts will undoubtedly transform care and improve outcomes for many PwMS for the better across Europe and beyond." About icometrix Founded in 2011, icometrix (Leuven, Belgium; Boston, USA) strives for data-driven insights and personalized patient care, supported by artificial intelligence. icometrix offers a portfolio of eight regulatory approved AI solutions to assist healthcare with various challenges; icobrain extracts data from brain MRI and CT scans for the radiological reporting and clinical management of neurological disorders such as multiple sclerosis, brain trauma, epilepsy, stroke, dementia, and Alzheimer's disease. icompanion, a digital platform, and mobile app helps people with MS and their care team to monitor clinical symptoms and treatments efficiently and objectively. icolung was one of the first available AI solutions to support clinicians responding to the rapidly evolving needs of the COVID-19 pandemic. Today, icometrix is internationally active and integrated into more than 100 clinical practices. In addition, icometrix supports pharmaceutical companies in phase I-III and Real-World Evidence (RWE) studies through imaging and data services, and digital health strategy. Contact info: About Queen Mary University of London Queen Mary University of London (QMUL) is a research intensive university with origins dating back to 1785. The university operates across east and central London (with an additional site in Malta) providing teaching & research to 32,000 students in the faculties of: 1) Medicine & Dentistry; 2) Science & Engineering; 3) Humanities & Social Sciences. QMUL is a member of the prestigious Russell Group of UK Universities and performed strongly in the 2021 Research Excellence Framework (REF) ranking joint 7th in the UK for quality of research outputs. In 2021, The Guardian University Guide ranked QMUL & Bart's 1st in London for Medicine & Dentistry. QMUL is closely aligned with Barts Health NHS Trust, which is the university's clinical teaching & delivery partner. About Nottingham University The University of Nottingham is a public research university which was founded as University College Nottingham in 1881, and was granted a royal charter in 1948. The main campus of the university is located  within the city of Nottingham with a number of sites in Nottinghamshire and Derbyshire as well as outside the UK in Semenyih, Malaysia, and Ningbo, China. Nottingham is organised into five constituent faculties, within which there are more than 50 schools, departments, institutes and research centres. Nottingham has about 45,500 students and 7,000 staff, and had an income of £694 million in 2020–21, of which £114.9 million was from research grants and contracts. The University of Nottingham belongs to the elite research intensive Russell Group association and  is a member of the Association of Commonwealth Universities, the European University Association, Universitas 21, Universities UK, the Virgo Consortium, and participates in the Sutton Trust Summer School programme as a member of the Sutton 30 . About Barts Health NHS Trust With a turnover of £1.7billion and a workforce of around 17,000, Barts Health is a leading healthcare provider in Britain and one of the largest NHS trusts in the country. The Trust's five hospitals – St Bartholomew's Hospital in the City, including the Barts Heart Centre, The Royal London Hospital in Whitechapel, Newham Hospital in Plaistow, Whipps Cross Hospital in Leytonstone and Mile End Hospital – deliver high quality compassionate care to the 2.5 million people of east London and beyond. About Nottingham University Hospitals Nottingham University Hospitals NHS Trust is one of the biggest and busiest acute hospitals in England, employing over 16,000 staff. We provide care to over 2.5 million residents of Nottingham and its surrounding communities and specialist services to a further 3-4 million people from neighbouring counties. We have national and international reputations for specialist services such as stroke, renal, spinal, breast, neurosciences, cancer services and trauma. We are one of the most research-active Trusts in the country with world-leading clinical research delivered across our hospitals and through our NIHR Nottingham Biomedical Research Centre, which is translating research discoveries into new treatments for common diseases including asthma and arthritis. Central to our research is our expertise in Magnetic Resonance Imaging. To find out more about our hospitals, please visit our website   www.nuh.nhs.uk . You can also follow @ResearchNUH on Twitter. About the East Midlands Imaging Network (EMRAD) EMRAD aims to deliver timely and expert imaging services to patients across the region, regardless of where they are being treated. The network is a partnership of eight NHS trusts (Chesterfield Royal Hospital NHS Foundation Trust, Kettering General Hospital NHS Foundation Trust, Northampton General Hospital NHS Trust, Nottingham University Hospitals NHS Trust, Sherwood Forest Hospitals NHS Foundation Trust, United Lincolnshire Hospitals NHS Trust, University Hospitals of Derby and Burton NHS Foundation Trust, and University Hospitals of Leicester NHS Trust). These trusts run 14 hospitals, covering more than five million patients. Since formation, EMRAD has achieved vanguard status, won several awards, and been cited in national reports on innovation and progress in imaging services.For more information, visit the   www.emrad.nhs.uk website. Contact for further information: About InHealth InHealth is the UK's largest specialist provider of diagnostic solutions. Our mission is to make healthcare better and we do this by working with hospitals and commissioners across the NHS and independent sector. With over 30 years' experience, our flexible and dynamic approach is helping to meet some of health's most pressing challenges – reducing waiting times, speeding up diagnoses, saving money and improving the overall patient experience. Our ventures team is committed to investing in emerging technologies and services from across the world to improve patient outcomes. InHealth provides tests, scans and examinations for more than 4 million patients a year across the UK. About the National Institute for Health and Care Research (NIHR) The mission of the National Institute for Health and Care Research (NIHR) is to improve the health and wealth of the nation through research. We do this by: Funding high quality, timely research that benefits the NHS, public health and social care; Investing in world-class expertise, facilities and a skilled delivery workforce to translate discoveries into improved treatments and services; Partnering with patients, service users, carers and communities, improving the relevance, quality and impact of our research; Attracting, training and supporting the best researchers to tackle complex health and social care challenges; Collaborating with other public funders, charities and industry to help shape a cohesive and globally competitive research system; Funding applied global health research and training to meet the needs of the poorest people in low and middle income countries. NIHR is funded by the Department of Health and Social Care. Its work in low and middle income countries is principally funded through UK Aid from the UK government. Read more about:

Icometrix Frequently Asked Questions (FAQ)

  • When was Icometrix founded?

    Icometrix was founded in 2011.

  • Where is Icometrix's headquarters?

    Icometrix's headquarters is located at Kolonel Begaultlaan 1b / 12, Leuven.

  • What is Icometrix's latest funding round?

    Icometrix's latest funding round is Series A.

  • How much did Icometrix raise?

    Icometrix raised a total of $20.17M.

  • Who are the investors of Icometrix?

    Investors of Icometrix include Capricorn Partners, Optum Ventures, Forestay Capital, Biover II, Annie Vereecken and 5 more.

  • Who are Icometrix's competitors?

    Competitors of Icometrix include InformAI, Cortechs.ai, AINOSTICS, AMRA Medical, Octave Bioscience and 8 more.

  • What products does Icometrix offer?

    Icometrix's products include icobrain and 4 more.

Compare Icometrix to Competitors

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QUIBIM

Quibim, a company with its headquarters in Valencia, Spain, provides a whole-body medical imaging analysis. Quibim products are used worldwide by a huge diversity of research and care teams. Partners use Quibim Precision, a CE-marked whole-body imaging ecosystem, for a wide range of applications from detecting a disease to tracking the efficacy of treatments. Quibim follows an AI-first approach to help detect pathologies across every body part and imaging modality, using quantitative imaging biomarkers.

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Cortechs.ai

Cortechs.ai is a company that develops and markets imaging solutions. The company's product, NeuroQuant, is a medical device that makes quantitative analysis of MRI images of the human brain a routine part of clinical practices. As a medical device capable of automatically detecting and quantifying atrophy in the human brain, NeuroQuant brings accurate and fully automated MRI post-processing capabilities to a physician's desktop or mobile device. This provides neurologists, radiologists, and clinical researchers with a convenient and cost-effective means to quantify atrophy of brain structures to help diagnose a variety of brain disorders, including conditions such as Alzheimer's disease, multiple sclerosis, epilepsy, and traumatic brain injury. The company also develops OnQ Prostate, a post-processing software that supports the improved detection of clinically significant prostate cancer. Leveraging an advanced diffusion MRI technique called Restriction Spectrum Imaging and powered by AI, the software enables faster, more accurate PI-RADS scoring. Cortechs.ai was founded in 2001 and is based in San Diego, California.

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Arterys

Arterys provides automated, intelligent cloud-based software that uses real-world clinical data to make imaging more accurate and data driven. Arterys develops 4D Flow technology, which generates precise measurements of blood flow noninvasively and non-radiatively anywhere in the body, and enables physicians to visualize and analyze blood flow inside the heart in 3D with automatic, interactive reporting.

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Aidoc Medical

Aidoc finds and flags critical findings in medical images. By automatically prioritizing urgent, life-threatening conditions like intracranial hemorrhage and pulmonary embolism, Aidoc saves lives, improves patient care and cuts waiting time for the must urgent patients down to only a few minutes. The always-on AI integrates into a radiologist's workflow, reprioritizing cases without forcing radiologists to change the way they work. Aidoc was founded in 2016 and is based in Tel Aviv, Israel.

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Perspectum

Perspectum develops digital healthcare technology designed to offer non-invasive alternatives to traditional abdominal testing methods. It focuses on the detection, and quantitative measurement of the liver, gall bladder, and pancreatic diseases to support diagnosis, treatment decision-making, and monitoring of the progression of it. The company was founded in 2012 and is based in Oxford, U.K.

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Entelai

Entelai makes software for medical analysis.

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