# MedInTech

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/medintech

- Industry: Medical Devices & Equipment
- Headquarters: Seoul, South Korea
- Website: www.medintech.co.kr/
- Total disclosed funding: $21M
- Latest round: Series B (May 13, 2024)
- Investors on record: 11

## About

Based in Seoul, South Korea, and founded in 2020 by co-founders Chiwon Lee Ph.D. (CEO) and Myungjoon Kim Ph.D., MedInTech Inc. operates as a developer of a medical endoscope system that uses AI technology to diagnose diseases for healthcare institutions. In May 2024, MedInTech Inc. raised KRW 20 billion in series B funding from Industrial Bank of Korea, SL Investment, Hana Ventures, Wooshin Venture Capital, Samchully Investment, Atinum Investment, Future Play, Smilegate Investment, and Nextrans Inc.

The company provides a wide range of medical devices, including AI-based software algorithms for image-based object detection, lesion detection, and classification. The firm offers image-based situational judgment algorithms for automatic air injection and cleaning, as well as 3D reconstruction of the human body through 6D pose and depth inference. Additionally, the company also provides services such as motorized endoscope systems with built-in motor control devices, light sources, and image processing.

## Funding rounds

- Series B, May 13, 2024, $15M — Atinum Investment, Industrial Bank of Korea, SL Investment, Smilegate Investment, Wooshin Venture Capital, Hana Ventures, Nextrans Inc., Samchully Investment, Future Play
- Series A, Feb 14, 2022, $6.7M — Atinum Investment, Smilegate Investment, FuturePlay
- Seed, Oct 1, 2021 — FuturePlay, Korea Tech Incubator for Startup
- Seed, Dec 28, 2020 — FuturePlay

## Investors

- FuturePlay (https://capitalatlas.ai/funds/futureplay) — Seed, Series A
- Korea Tech Incubator for Startup — Seed
- Atinum Investment (https://capitalatlas.ai/funds/atinum-investment) — Series A, Series B
- Smilegate Investment (https://capitalatlas.ai/funds/smilegate-investment) — Series A, Series B
- Industrial Bank of Korea — Series B
- SL Investment (https://capitalatlas.ai/funds/sl-investment) — Series B
- Wooshin Venture Capital (https://capitalatlas.ai/funds/wooshin-venture-capital) — Series B
- Hana Ventures — Series B
- Nextrans Inc. — Series B
- Samchully Investment (https://capitalatlas.ai/funds/samchully-investment) — Series B
- Future Play — Series B