iNitrile builds automated, contactless disposable glove dispensers that verify users via RFID, prompt hand sanitization, and dispense an inflated glove to eliminate contamination risk. The devices support latex and nitrile non-powdered gloves and connect to a cloud-based network; data is ingested into an Azure SQL Database and surfaced via Power BI Embedded reports and an ASP.NET web application. Its management dashboard and reporting tools streamline stock management and usage tracking, helping organizations reduce glove waste by up to 40% in the first year and improve consumption estimates by up to 27%. iNitrile is a Texas-based subsidiary of Texas Medical Technology. The company disclosed a $33 million raise to further develop its automatic glove dispenser process and scale manufacturing. Proceeds are intended to fund construction of a large iNitrile glove factory in the U.S., with glove production described as starting imminently. Leadership changes include Jad Shraim expanding his role to Co-Founder and CFO of the newly formed iNitrile entity alongside Texas Medical Technology executives.

Total raised

$33M

Funding rounds

1

Latest round

Equity

Latest activity

Jun 2021