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AMIT Technion

MALAT Building, Technion City, Haifa, 3200004, Israel

Overview

Amit Technion is an acceleration hub that supports the development and commercialization of biomedical innovations conceived by Technion students, faculty, and alumni. It aspires to bridge the gap between applied academic research and commercial success. The firm was established in 2006 by Dr. Alfred E. Mann and by the Technion.

Total investments
4
Lead investments
1
Investments · 12mo
0
Active investors
0
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Investment portfolio

  • Voiceitt

    Led · Equity · Dec 2022

    Voiceitt develops personalized speech-recognition software that trains models to understand non-standard or impaired speech through an iOS mobile app and API integration. The app and API learn a user's specific speech patterns, pronunciation, and non-verbal sounds, producing a working model within minutes and improving with ongoing use. The technology can repeat interpreted words to others or other voice assistants and has deep Alexa integration through collaboration with Amazon's Lab126; Voiceitt joined the 2018 Amazon Alexa Accelerator and is an Amazon Alexa Fund portfolio company. The company says its next-generation technology will support spontaneous speech and expand product offerings to enable people with speech and motor disabilities to perform everyday tasks independently. Voiceitt released a beta of an upgraded AI capable of understanding and translating people with speech disabilities. The decade-old startup has raised about $20 million to date and recently closed a $4.7M funding round while increasing the round target to $10M due to oversubscription. Voiceitt provides an application that translates unintelligible and atypical speech in real time, enabling people with severe speech impairments to communicate by voice. The company works with a network of international partners including healthcare providers, speech and occupational therapists, researchers, and disability organizations across the United States and Europe. Voiceitt is a 25-person software startup headquartered in Ramat Gan, Israel, with offices in the United States. The company participated in the Alexa Accelerator powered by Techstars in Seattle and is an Amazon Alexa Fund portfolio company. Its leadership includes CEO and co-founder Danny Weissberg and EVP and co-founder Sara A. Smolley. Financially, the company has raised more than $15M to date following the latest Series A tranche. Voiceitt builds an app that translates nonstandard or impaired speech into normalized audio or text output. Users train the software by composing and reading short, useful sentences so the system learns their particular pronunciation; caregivers can type phrases when users cannot. The normalized output can be played as audio or shown as text for face-to-face communication or to be understood by voice-controlled platforms and devices. The product is in beta now, with an early version planned for release next year, and pilot customers include hospitals and schools serving people with cerebral palsy, Down syndrome, Parkinson’s, traumatic brain injury and stroke recovery. Voiceitt was co-founded by CEO Danny Weissberg and CTO Stas Tiomkin and is a graduate of the DreamIt Health accelerator. Financially, the company has raised $2 million in seed funding from a group of angel and institutional backers. Long term, the team aims to function as an accessibility extension for major platforms such as Google, Amazon, Apple, IBM and Microsoft.

  • TechsoMed

    Participated · Equity · May 2019

    TechsoMed is a Rehovot, Israel–based medical imaging software company developing the BioTrace platform, an AI and algorithm-powered system for real-time tissue viability imaging. Its first product, BioTraceIO, is primarily targeting liver tumor ablation procedures and is in clinical validation. The company is pursuing FDA De Novo clearance for its BioTrace system, with approval anticipated sometime in 2022 according to the article. BioTrace is designed for multi-clinical applications including oncology (tumor ablation), cardiology (heart arrhythmia) and pain management (radiofrequency neurotomy). TechsoMed collaborates with medical centers worldwide and has established a Japan subsidiary to support commercialization in Japan and other Asian markets. The company is led by CEO Yossi Abu. Techsomed is a biotech company developing ultrasound-based real-time monitoring systems for thermal ablation procedures. Its BioTrace™ system integrates with standard ultrasound devices and uses proprietary AI and image analysis to track the target tissue’s unique biological signature as it responds to heat. That signature is used to visually simulate the post 24-hour thermal effect in real time, enhancing the surgeon’s level of control and accuracy during the procedure. The company is based in Rehovot, Israel. Techsomed secured $2.6M in funding in a round led by Johnson & Johnson Innovation – JJDC, with participation from Screen Holdings, AMIT‑Technion (the Alfred Mann Institute), NextLeap Ventures and Axil Capital. It intends to use the funds for further development toward obtaining FDA, PMDA and CE regulatory approval.

Team

No current team members are available.