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Exclusive: raises $15M to manage operating rooms

Doctor carrying a computer patient chart.

Illustration: Rebecca Zisser/Axios, an Israeli startup working to optimize operating room workflow, raised $15 million to expand in the U.S., the company tells Axios exclusively.

Why it matters: Scheduling difficulties drive growing OR costs, which represent 40% of a hospital's total expenses.

Zoom in: NFX and Grove Ventures co-led, with participation from Secret Chord Ventures, impact investor Sir Ronald Cohen, and Unbox Ventures.

  • The funding comprises seed and Series A funding, CEO Mor Brokman Meltzer tells Axios.

How it works: Using a mix of AI models, automates and optimizes scheduling and operations for ORs.

  • Integrating with legacy electronic health record systems, can detect and address potential issues in upcoming surgery schedules.
  • The company's software then runs "billions of permutations ... moving five minutes to the left and minutes to the right, making really small micro shifts," says Brokman Meltzer.
  • "In couple of seconds, we can create and generate an alternative schedule that is much more efficient, so we can increase our prime-time utilization," she adds.

The big picture: Most health systems have teams of five or six people managing surgery schedules and "everything is done manually," says Brokman Meltzer.

  • "Not with a piece of paper but without the right technology, with systems that were developed 20, 30 years ago." she adds.

The latest: works with the Mayo Clinic and will announce partnerships with three more U.S. health systems soon, says Brokman Meltzer.

What's next: will raise its Series B in the next two years and could be profitable "hopefully very soon," Brokman Meltzer says.

  • She declined to disclose the company's revenue.

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