AssistIQ’s flagship product, AIQ Capture, uses computer vision to record every implant and supply item used in operating and procedural rooms, replacing manual barcode scans and paper logs. The platform integrates with EHRs such as Epic and GE and with major ERP systems to surface real-time supply and billing data inside existing hospital workflows. AssistIQ reports measurable outcomes in deployed systems, including charge capture rates of 98% or higher, actionable insights suggesting up to 25% supply savings, and substantial reductions in clinical and billing documentation time. The company is live across major academic and regional hospital systems in the U.S. and Canada and has integrations with Epic already deployed and several additional Epic integrations planned. AssistIQ highlights design partnerships with health systems such as Northwell Health and an Epic integration at Owensboro Health that reduced manual workflow steps. Financially, the company has raised $11.5 million in its recent Series A and $16 million in total to date. Founded in 2022 and announced from Montreal, AssistIQ says it will use investor support to accelerate growth, expand deployments, and continue product development. AssistIQ offers a proprietary AI-powered automation platform that captures real-time data at the point of use to deliver supply intelligence for hospitals. Its software tracks disposable supplies in operating rooms and common procedure areas (for example, endoscopy and catheterization labs) to help clinicians and supply teams reduce waste. The platform provides actionable insights to clinical, purchasing, supply chain, and finance teams without adding work for staff. AssistIQ announced a partnership with the Centre Hospitalier de l’Université de Montréal (CHUM) research center to advance its technology. The company plans to use the newly raised funds for product development and expansion into additional hospitals. The product and mission aim to cut costs and the carbon footprint of healthcare while maintaining patient quality.

Total raised

$13M

Funding rounds

2

Latest round

Series A

Latest activity

May 2025