Iterative Health

Iterative Health

AI-driven gastrointestinal care and diagnostics

About Iterative Health

Simplify's Rating
Why Iterative Health is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

AI & Machine Learning

Healthcare

Company Size

51-200

Company Stage

Series B

Total Funding

$187.2M

Headquarters

Boston, Massachusetts

Founded

2017

Overview

Iterative Health focuses on improving gastrointestinal (GI) care through the use of artificial intelligence (AI) and machine learning (ML). Their main product, SKOUTĀ®, is an FDA-cleared device that helps doctors detect adenomas, which are precursors to colorectal cancer. This device enhances, rather than replaces, the physician's judgment, leading to more accurate diagnoses. In addition to SKOUTĀ®, Iterative Health provides technology that streamlines clinical trials, ensuring high-quality patient care and standardized reporting across different healthcare institutions. This technology aims to make advanced care accessible to underserved populations. Unlike many competitors, Iterative Health combines AI-driven tools with a strong emphasis on colorectal cancer prevention and clinical trial optimization. The company's goal is to deliver world-class GI care and improve patient outcomes globally.

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Simplify's Take

What believers are saying

  • AI-driven predictive analytics in gastroenterology allow for personalized, effective patient care.
  • Partnerships with Gastro Health and One GIĀ® expand clinical research capabilities in GI care.
  • $150M Series B funding accelerates AI innovations, transforming gastroenterology care.

What critics are saying

  • Competition from tech giants in AI medical imaging threatens Iterative Health's market share.
  • Rapid expansion and partnerships may strain operational capabilities and resources.
  • Reliance on AI exposes Iterative Health to potential ethical and regulatory scrutiny.

What makes Iterative Health unique

  • Iterative Health uses AI to enhance GI care, focusing on colorectal cancer prevention.
  • Their SKOUTĀ® device aids in adenoma detection, improving diagnostic accuracy in endoscopy.
  • AI-enabled documentation technology optimizes clinical trials, enhancing research quality and continuity.

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Funding

Total Funding

$187.2M

Above

Industry Average

Funded Over

3 Rounds

Notable Investors:
Series B funding is typically for startups that have proven their business model and need more funding to expand rapidlyā€”often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Above Average

Industry standards

$35M
$45M
Linktree
$65M
Substack
$100M
ClickUp
$150M
Iterative Health

Benefits

Vision/Dental/ Medical Insurance

Life/Disability Insurance

Parental Leave

Stock Options

Flexible Work Hours

Unlimited Paid Time Off

Growth & Insights and Company News

Headcount

6 month growth

ā†‘ 0%

1 year growth

ā†“ -1%

2 year growth

ā†‘ 0%
Securities.io
Jun 21st, 2024
Ai Machine Vision Looking To Revolutionize Our Health

Machine Vision & HealthTogether with LLMs (large language models) like ChatGPT, machine vision is one of the most important recent developments in AI. The various methods used to achieve it, such as neural networks and deep learning, are now allowing computers to truly see their environment.One application of this idea is letting computers take over humans' tasks like driving or giving robots full autonomy in the real world instead of staying confined to factory floors.It is one one of the large drivers of machine vision adoption, a quickly growing market expected to reach $9.2B by 2029.But another equally important task is judging our health. Many medical diagnoses rely on doctors' visual assessments. This includes direct examination and expert-level analysis of radiography, scanners, and other medical images.In most cases, these visual inspections are somewhat subjective. A doctor will need many years of experience to become truly confident in his assessment. And until now, the complexity of each patientā€™s body being slightly different made it too complex for automatized measurement.This is finally changing, and many companies are now exploring deploying AI machine vision to create superior analyses of medical images.Direct Visual ExaminationWe recently explored the case of using AI to detect better than human doctor ear infections in our article ā€œAI Poised to Become Invaluable Medical Diagnosis Toolā€This can be expanded to many other pathologies; for example, Google's AI imaging can be used to diagnose 26 different skin diseases (80% of cases seen in primary care), detect diabetic retinopathy , or even predict the risk of developing diabetic retinopathy in the future .More surprisingly, AI also appears to be able to detect health issues from visual inspections that humans could not use; for example, detecting anemia (normally requiring a blood test) from a look at the eyeā€™s retina

Business Wire
Nov 30th, 2023
Iterative Scopes Announces $150 Million Series B to Advance AI-Driven Precision Medicine for Gastroenterology

Iterative Scopes Raises $150M to accelerate development of its core algorithmic innovations designed to transform gastroenterology care for patients

Business Wire
Dec 13th, 2022
Iterative Health Partners With Gastro Health To Accelerate Clinical Research In Gastroenterology Through Artificial Intelligence

CAMBRIDGE, Mass.--(BUSINESS WIRE)--Iterative Health, a pioneer in precision-medicine technologies for gastroenterology, announced today that it has partnered with Gastro Health, a national leading medical group specializing in digestive and liver health, to bring its AI Recruitment (AIR) technology to Gastro Healthā€™s practices. This strategic partnership will lay the groundwork for future collaborations by using AIR to aid in the recruitment of patients for clinical trials in inflammatory bowel disease (IBD) and expanding Gastro Healthā€™s clinical research capabilities.Gastro Health is one of the largest national medical groups specializing in digestive and liver health and has a presence in seven states ā€“ Florida, Alabama, Washington, Virginia, Ohio, Maryland, and Massachusetts ā€“ with over 380 physicians and 150 locations consisting of medical offices, infusion centers, imaging services, and a specialty pharmacy. Gastro Health owns and operates endoscopy centers as well as pathology and anesthesia services. Iterative Health is a pioneer in the application of advanced artificial intelligence (AI) tools in gastroenterology. To date, the company has raised $195M in funding and is rapidly growing in pursuit of its mission to use computer vision-based technology to reduce disparities in healthcare. Iterative Health has partnered with multiple clinical research sites and continues to expand its impact and reach through this relationship with Gastro Health.ā€œ Our shared mission with Iterative Health to democratize access to the highest quality GI care has opened the door for us to utilize AIR in our practices,ā€ said Joseph Garcia, CEO of Gastro Health

Business Wire
Oct 13th, 2022
Iterative Scopes Partners With One GiĀ® To Advance Gastrointestinal Care Through Artificial Intelligence

CAMBRIDGE, Mass.--(BUSINESS WIRE)--Iterative Scopes, a pioneer in precision-medicine technologies for gastroenterology, announced today that it has partnered with One GIĀ®, a gastroenterology management services organization (MSO), to bring its AI Recruitment (AIR) technology to One GIā€™s clinical research. Initially, One GIĀ® will use AIR at Gastro One, one of One GIā€™s clinical research sites in Memphis, Tennessee, with plans to expand to additional research sites within the One GIĀ® network. The implementation of AIR will aid in the recruitment of patients for clinical trials focused on inflammatory bowel disease (IBD). Both One GIĀ® and Iterative Scopes are fast-growing innovators in the gastroenterology space. One GIĀ® is a unique, rapidly expanding MSO that brings together community-based practices, including Gastro One, a network of six practices across Tennessee. The MSO currently has 40 sites within its network across Tennessee, Mississippi, Kentucky, Ohio, and Indiana. Iterative Scopes is a pioneer in the application of powerful, proprietary artificial intelligence tools to the practice of gastroenterology and drug development

PharmiWeb
Sep 6th, 2022
Jonathan Ng, Mbbs, Founder And Ceo Of Iterative Scopes, Named To Pharmavoice 100

Annual list recognizes innovators and leaders in life-sciences who positively impact the industry at large. CAMBRIDGE, Mass.--(BUSINESS WIRE)--Iterative Scopes, a pioneer in precision-medicine technologies for gastroenterology, announced today that Jonathan Ng, MBBS, the companyā€™s founder and CEO, has been named to the PharmaVoice 100 ā€” an annual list that recognizes the most inspiring people in the life-sciences industry

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