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AssistIQ raises C$2.5 million to cut down on medical waste in hospitals

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AssistIQ Technologies Inc.

AssistIQ, a medtech startup that has developed a new artificial intelligence (AI) supply platform to reduce medical waste, has raised C$2.5 million in early-stage funding. AssistIQ’s platform tracks the usage of disposable medical devices and supplies across surgeries and common procedures while saving time for nurses, providing visibility and insights for many hospital stakeholders that result in savings.

StandUp Ventures led the first round with participation from N49P, The Kale Fund, along with several individual investors, including Kerry Liu, founder of Rubikloud and an investor at Horizon Ventures.

A Fasken team composed of Adam Saskin, Jonathan Raizenne and Dalia Tullio advised AssistIQ in its funding.


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