The Internet of Medical Things (devices), a fast growing multi hundred billion dollar industry, is revolutionizing healthcare by enabling remote use of collected medical device data. BUT medical device manufacturers, eager to monetize on the data, face gaps in securing private patient data and designing remote care workflows. The involved risks (cyber, HIPAA/GDPR fines, cloud OPEX, usability, and time-to-market) lead vendors to turn to external solutions.
The device-agnostic BioT remote clinical-care cloud platform, leveraging decades of technological IoT and cloud expertise of its founders, securely manages common yet complex remote care workflows. This "undifferentiated heavy-lifting" accelerates the transformation of medical device manufacturers from capital sales vendors into digital service providers while reducing their cyber, compliance and technological risks. BioT is powering clients today, connecting thousands of FDA-cleared devices commercially, and accredited an "AWS Ad...
The Internet of Medical Things (devices), a fast growing multi hundred billion dollar industry, is revolutionizing healthcare by enabling remote use of collected medical device data. BUT medical device manufacturers, eager to monetize on the data, face gaps in securing private patient data and designing remote care workflows. The involved risks (cyber, HIPAA/GDPR fines, cloud OPEX, usability, and time-to-market) lead vendors to turn to external solutions.
The device-agnostic BioT remote clinical-care cloud platform, leveraging decades of technological IoT and cloud expertise of its founders, securely manages common yet complex remote care workflows. This "undifferentiated heavy-lifting" accelerates the transformation of medical device manufacturers from capital sales vendors into digital service providers while reducing their cyber, compliance and technological risks. BioT is powering clients today, connecting thousands of FDA-cleared devices commercially, and accredited an "AWS Advanced technology partner".
The unusual stickiness of software in regulated solutions, and the long life of medical device products, almost guarantees unusually large $10M scale lifetime value per customer. Therefore, the tens of thousands of medical device and pharma companies worldwide represent a $9b Target Addressable Market for BioT. But BioT is not alone: Flex BrightInsight, who partnered with Google, is a notable competitor. They raised a $25M series A round in September 2019, validating again that the market of large medical device manufacturers is ripe.
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Guy Vinograd ☁
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Guy Vinograd ☁ CEO High-tech executive and an expert software architect of cloud platforms for medical devices
Hanan Drobiner, MSc, MBA
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Hanan Drobiner, MSc, MBA Medical Device and Digital Health bus dev