AssistIQ raises $11.5M for AI hospital supply chain

AssistIQ, an AI company, secured $11.5 million in Series A funding to improve hospital supply chain management using computer vision. This aims to reduce costs and improve efficiency. The funding round was led by Battery Ventures, with participation from Tamarind Hill. AssistIQ's platform captures surgical supply usage, helping hospitals recover revenue and streamline operations. Northwell Health is deploying AssistIQ across its operating rooms. AssistIQ's AI-powered system automates supply capture, replacing manual processes and integrating with existing hospital systems. The company aims to address rising medical supply costs and improve patient care.