Flywhee.io

Flywhee.io

AI platform for medical imaging workflows

About Flywhee.io

Simplify's Rating
Why Flywhee.io is rated
C
Rated D+ on Competitive Edge
Rated B on Growth Potential
Rated C on Rating Differentiation

Industries

AI & Machine Learning

Healthcare

Company Size

51-200

Company Stage

Late Stage VC

Total Funding

$122.3M

Headquarters

Minneapolis, Minnesota

Founded

2015

Overview

Flywhee.io offers a platform that uses artificial intelligence for medical imaging, aimed at scientists and researchers in healthcare and life sciences. The platform automates research workflows, allowing users to focus on discoveries rather than data management. It provides cloud-based medical image analysis software that scales on demand, which is beneficial for medical AI companies in their research and regulatory processes. Flywhee.io operates on a subscription model, providing secure data access and collaboration tools, distinguishing itself as a comprehensive medical image management system.

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Funded Recently
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Simplify's Take

What believers are saying

  • Recent $20 million funding boosts Flywheel's expansion and platform capabilities.
  • Partnerships with Microsoft and NVIDIA enhance Flywheel's AI development and scalability.
  • Interim CEO Hooman Hakami brings leadership experience from GE Healthcare and Medtronic.

What critics are saying

  • Leadership changes may disrupt strategic direction and operational efficiency.
  • Dependency on external platforms could affect Flywheel's autonomy and control.
  • Intensifying competition in AI-driven medical imaging pressures Flywheel to innovate.

What makes Flywhee.io unique

  • Flywheel integrates open-source methods with a modern web interface for scientific computation.
  • The platform uses containerization technology for scalable and reproducible research workflows.
  • Flywheel's cloud-based solution automates data management, focusing on medical imaging and AI.

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Funding

Total Funding

$122.3M

Below

Industry Average

Funded Over

6 Rounds

Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison
Coming Soon

Growth & Insights and Company News

Headcount

6 month growth

↑ 0%

1 year growth

↑ 0%

2 year growth

↑ 4%
Bizjournals
Jan 14th, 2025
Startup Flywheel raises $20 million for managing medical image data

A Minneapolis-based med-tech software firm that's been backed by Nvidia Corp., Novalis Lifesciences and Microsoft recently raised $20 million.

Madison Startups
Jun 17th, 2024
Voximetry, Flywheel to Partner

Voximetry has partnered with Flywheel, a medical imaging AI platform powering healthcare innovation through streamlined data management, curation and analysis, the company announced recently.

PR Newswire
May 24th, 2024
Flywheel Announces Hooman Hakami To Interim Ceo Appointment

MINNEAPOLIS, May 24, 2024 /PRNewswire/ -- Flywheel Exchange, Inc, the leading medical imaging data management and AI enablement company, today announced the appointment of Hooman Hakami as Interim CEO, effective immediately. Hooman will serve as Interim CEO until a long-term CEO is hired and successfully onboarded. Flywheel is currently conducting an extensive search for a long-term CEO to drive its next phase of growth in developing the leading end-to-end platform to manage and operationalize medical imaging data securely and efficiently at scale.Hooman is a seasoned executive with 30 years of business leadership experience in healthcare. Prior to Flywheel, Hooman co-founded Forte Health Advisors, a specialized healthcare advisory firm enabling innovators to transform healthcare. Previously, Hooman served in executive business roles at GE Healthcare and Medtronic, including serving on Medtronic's Executive Committee. Hooman has held multiple leadership roles throughout his career, including as President of GE's X-Ray product portfolio and Executive Vice President of Medtronic's Diabetes Group."Flywheel's Board is delighted to appoint Hooman as Interim CEO," said Marijn Dekkers, Flywheel Board Member and Chairman of Novalis LifeSciences

Radiology Business
Apr 16th, 2024
New CEOs joining Envision Healthcare, Iowa Radiology while top execs exit at GE HealthCare, Flywheel

Medical imaging data management vendor Flywheel announced Monday that Jim Olson is stepping down from his role as CEO and board member, effective May 1.

PR Newswire
Apr 15th, 2024
Flywheel Announces Leadership Transition

MINNEAPOLIS, April 15, 2024 /PRNewswire/ -- Flywheel Exchange, Inc, the leading medical imaging data management and AI enablement company, today announced a leadership transition plan with Jim Olson stepping down from his role as CEO and Board Member, effective May 1, 2024. Colby Moosman, Flywheel's CFO, will serve as interim President to help manage the transition. Jim will continue to serve Flywheel in an advisory role to assist with the leadership transition. Flywheel has begun a search for a long-term CEO to drive its next phase of growth in developing the leading end-to-end platform to manage and operationalize medical imaging data securely and efficiently at scale."Not an easy decision, but I am stepping down as Flywheel CEO to allow a new experienced leader to drive Flywheel's next phase of growth," said Jim Olson. "It has been a great honor to lead Flywheel to this point, and I am extremely proud of what the talented Flywheel team has accomplished. Flywheel is still in the early stages of its journey -- transforming healthcare innovation by empowering organizations to efficiently and securely manage and operationalize medical imaging data for accelerated research and AI development

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