Israeli clinical analytics co Clew raising $20m

Sheba Medical Center Photo; Bar El
Sheba Medical Center Photo; Bar El

Clew has developed an analytics platform for predicting at an early stage, life threatening complications in intensive care.

Israeli clinical analytics company Clew (formerly Intensix) is currently in the final stages of raising $20 million and has signed an agreement with Sheba Medical Center at Tel Hashomer. Clew was founded by CEO Gal Salomon, a former partner at Pitango Venture Capital.

Clew has developed an analytics platform for predicting at an early stage, life threatening complications in intensive care. Salomon said, 'We are talking about patients who are in clear and immediate danger of their lives, whose lives are in the balance. A small push to the left or the right can seal their fate, whether they live or die."

Salomon's mother died in hospital from bedsores and he believes she could have had a different fate.

He added, "Today the medical approach is not to respond until you see a problem. But in intensive care, when you see signs of a problem, it's already too late in many instances."

Salomon observes that when a body is in distress, it gradually shuts down all systems that are not vital, in a process known as systems collapse. The aim is to protect the most vital systems, the brain and the heart, but the systems that collapse aren't always restored to full functioning and in all likelihood won't be restored. So if the patient reaches the stage, after the appearance of clinical indications, of systems collapse and the kidneys, pancreas, lungs and liver are not functioning, "these aren't really organs that the patient can live without." Sometimes the systems collapse could have been prevented if it was identified two or three hours ahead of time.

Your system really knows how to identify patients about to deteriorate, two or three hours before the doctors identify it?

"Yes, we see processes that when taking a quick glance at any moment in time seem normal but if you connect up an infinite number of points of data, you see a pattern of collapse. We collect the flow of data on blood pressure, oxygen levels in the blood, heart capacity."

Salomon says that data is collected from five channels and there are 700 pieces of information each minute.

Clew's product has already been used in trials at Ichilov Hospital in Tel Aviv and several US hospitals and will now also be used at Sheba Medical Center in Tel Hashomer. Marketing approval and regulatory matters must still be finalized, but Salomon hopes that the system will be available as a product from next year.

Clew has raised $10.5 million to date and as mentioned has almost raised another $20 million. The company has 27 employees in Netanya and three more in the US and hopes to double its workforce.

Published by Globes, Israel business news - en.globes.co.il - on October 22, 2018

© Copyright of Globes Publisher Itonut (1983) Ltd. 2018

Sheba Medical Center Photo; Bar El
Sheba Medical Center Photo; Bar El
GMT CFO Eran Tibon credit: PR Political tensions cause 50% more interest in transferring money abroad

According to data from advanced financial services company Global Money Transfer, steps taken by the Israeli cabinet to oust Shin Bet chief Ronen Bar, and Attorney General Gali Baharav-Miara, could cause capital to flee Israel.

Sde Dov credit: Guy Yehieli Tenders close for 2,744 more homes in Sde Dov

Four tenders closed last month for the north Tel Aviv district saw a decrease of about 40% in the prices of land, and there is great interest in the prices these latest tenders will fetch.

Rafael CEO Yoav Turgeman credit: Rafael Spokesperson Rafael CEO: Iron Beam will be ready in 2025 as promised

In presenting record financial results for 2024, Yoav Turgeman tells "Globes" that the high energy laser weapon system will be operational this year.

Tel Aviv credit: Shutterstock Rent rises moderate due to emigration and reserve duty

Rents only rose 4% in 2024, the Bank of Israel reports, despite the large number of evacuees, due to the negative migration balance and the large number of young people in the army reserves.

Moody's, Benjamin Netanyahu, Bezalel Smotrich, credit: Shutter stock, Government Spokesperson, Tali Bogdanovsky Moody's: Political risks weigh on Israel's rating

"Israel's sovereign credit profile reflects very high political risks that have weakened economic and fiscal strength."

Stef Wertheimer  credit: Reuters Industrialist and philanthropist Stef Wertheimer dies aged 98

Wertheimer founded Iscar, which was sold to Warren Buffett's Berkshire Hathaway, and was behind many industrial and social initiatives, as well as having a brief political career.

Island founders Dan Amiga and Mike Fey credit: Antonio Delucci Browser security co Island raises $250m at $5b valuation

The company has developed a communications technology that enables fast remote connection to corporate computers.

Yossi and Shlomi Amir  credit: Jonathan Bloom Shufersal doubles annual profit

Streamlining measures by brothers Yossi and Shlomi Amir since they took control have vastly improved the supermarket chains profitability metrics.

Africa Israel Residence CEO Ronit Eshed Levy credit: Cadya Levy "Jewish communities abroad want to move together to Jerusalem"

Africa Israel Residence CEO Ronit Eshed Levy told the Globes Going Long on Israel investment conference about urban renewal in Jerusalem.

Arkia aircraft credit: Arkia Arkia to introduce business class on New York flights

For the first time in its history Arkia will operate business class with round-trip Tel Aviv New York tickets starting from $3,500.

Knesset passes 2025 budget credit: Noam Moskovitz Knesset Spokesperson Knesset approves 2025 state budget

The NIS 620 billion budget has ballooned by NIS 100 billion and will rely on a fiscal deficit of 4.9% of GDP.

Tel Aviv Stock Exchange  credit: PR Volumes peak on Tel Aviv Stock Exchange

Greater optimism in Israel and a shift away from US markets have brought trading volumes in Tel Aviv to a historical high, but will the trend be sustained?

Volkswagen credit: PR VW announces huge collaboration with Mobileye

A new advanced driving assistance system will be installed in millions of cars annually.

Navina founders Ronen Lavi and Shay Perera credit: Eyal Izhar Israeli clinical AI co Navina raises $55m

Navina equips clinicians and care teams with real-time, data-driven insights that improve the quality of care and financial outcomes.

Yoni Assia  credit: eToro PR Trading platform eToro set for IPO

The company has filed a prospectus with the SEC, showing that its revenue tripled in 2024, with 96% deriving from crypto trading.

Minister of Finance Bezalel Smotrich and Minister of Transport Miri Regev  credit:  Marc Israel Sellem, The Jerusalem Post Deal: Gush Dan congestion charge for Kiryat Shemona railway

Miri Regev is close to final agreement with the Ministry of Finance on funding for her pet project in return for removal of her objection to the congestion charge.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018