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Overview
AssistIQ provides a SaaS platform for hospital supply chain management, focusing on surgical and procedural supplies. Its AI-powered system uses computer vision via a tablet camera (AIQ Capture) to identify supplies at the point of use, replacing manual barcode scans and paper logs, and it leverages the AIQ Supply Cloud database of over four million products for real-time consumption data. The platform integrates with existing hospital systems such as EHRs (like Epic) and ERPs to deliver actionable data to clinical, financial, and supply chain teams, helping to improve charge capture and reduce waste. The company differentiates itself with a clinician-led origin, a high recognition rate, and strong data integration to lower disposable-supply costs and boost perioperative efficiency across North America.
About AssistIQ
Industries
Data & Analytics
Enterprise Software
AI & Machine Learning
Healthcare
Company Size
51-200
Company Stage
Series A
Total Funding
$10.3M
Headquarters
Montreal, Canada
Founded
2021
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Simplify's Take
What believers are saying
- Allina Health reported 99%+ capture accuracy across 3,000 cases by February 2026.
- Allina saw 32% higher billed amounts in EP and 171% higher in Cath Lab.
- Owensboro Health and Northwell Health validate multi-hospital demand beyond Montreal.
What critics are saying
- Mobile Aspects and Epic already own hospital workflow entry points today.
- Hospitals face lengthy implementations across OR, Cath Lab, and enterprise systems.
- If Allina or Northwell stalls, AssistIQ loses proof for North American scaling.
What makes AssistIQ unique
- AIQ Capture integrates with Epic, Workday, and HL7 workflows in real time.
- Allina Health expanded AssistIQ across 100+ rooms by September 2025.
- Battery Ventures joined the board after leading the $11.5 million Series A.
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Funding
Total Funding
$10.3M
Below
Industry Average
Funded Over
2 Rounds
Battery VenturesIndustry standards
Benefits
Health Insurance
Paid Vacation
Paid Sick Leave
Flexible Work Hours
Hybrid Work Options
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↓ -1%2 year growth
↓ -3%AssistIQ has closed an $11.5 million Series A round led by Battery Ventures, with participation from return investor Tamarind Hill.
AssistIQ Raises $11.5 Million to Fix Supply Blind Spots with AI, Preventing Missed Charges and Avoidable Costs in Surgical and Procedural Care
AssistIQ raised a Series A of $11.5M, led by Battery Ventures with participation from Tamarind Hill. The company’s AIQ Capture platform enhances surgical supply chain management by tracking supply and implant usage in operating rooms with 98% accuracy, integrating data into EHR and billing records. The Montreal-based company previously raised C$2.5M in seed funding and partners with Northwell Health, Owensboro Health Regional Hospital, and CHUM in Montreal.
Montréal-based AssistIQ has secured $11.5 million in financing for its AI-powered hospital supply management platform, while Toronto-based ProteinQure nabbed $11 million for its AI-powered drug discovery platform.
AssistIQ, an AI company, raised $11.5 million in a Series A round led by Battery Ventures. The platform, used by Northwell Health and Owensboro Health, enhances surgical supply management with AI and computer vision, improving charge capture and reducing costs. AssistIQ integrates with systems like Epic, offering real-time data and insights. The funding will support growth and further integration into healthcare systems.
AssistIQ is Hiring for 6 Jobs on Simplify!
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About AssistIQ
Industries
Data & Analytics
Enterprise Software
AI & Machine Learning
Healthcare
Company Size
51-200
Company Stage
Series A
Total Funding
$10.3M
Headquarters
Montreal, Canada
Founded
2021
AssistIQ is Hiring for 6 Jobs on Simplify!
Find jobs on Simplify and start your career today