Binah.ai

Industry
Artificial Intelligence (AI), Health Care, InsurTech, Software, Wellness
Founded Year
2016
Headquarters
Ramat Gan, Tel Aviv, Israel
Employee Count
67

Key People

Assessment

Team
Aspect: Multiple successful MedTech entrepreneurs
Summary: The leadership team comprises experienced professionals with backgrounds in technology and healthcare.

The co-founders and executives have extensive experience in technology, research, and medical fields, contributing to the company's strong leadership foundation.

Clinical Need
Aspect: Very Strong
Summary: The demand for remote health monitoring solutions is increasing, especially post-pandemic.

With the rise of telemedicine and remote patient monitoring, Binah.ai's technology offers timely and essential solutions for healthcare providers and patients.

Competition
Aspect: Somewhat crowded
Summary: The market has several players offering remote health monitoring solutions.

While the market is competitive, Binah.ai's unique video-based technology provides a distinct advantage over traditional wearable-based solutions.

Technical Challenge
Aspect: Moderate
Summary: Developing accurate video-based health monitoring requires advanced algorithms and validation.

The company must invest in ongoing research and development to ensure the technology remains accurate and meets medical standards.

Patent
Aspect: Strong
Summary: The company holds patents that protect its unique technology.

Holding patents for its technology provides Binah.ai with a competitive edge and potential licensing opportunities.

Financing
Aspect: Well-funded
Summary: The company has raised significant funding to support its growth.

With a total funding of $13.5 million, Binah.ai is well-positioned to invest in technology development and market expansion.

Regulatory
Aspect: 510k/PMA
Summary: The company is pursuing necessary regulatory approvals for its products.

Navigating the regulatory landscape is essential for the company's products to be adopted in clinical settings and by healthcare providers.

Opportunity Rollup

Odds of Success
3.4
Peak Market Share
4.3
Segment CAGR
9.5%
Market Segment
Remote Health Monitoring
Market Sub Segment
Video-based Vital Signs Monitoring
Year Post Launch Market Penetration (%)
1 0.22
2 0.64
3 1.50
4 3.01
5 4.30

Key Takeaway

Binah.ai's innovative video-based health monitoring technology positions it well in the growing telehealth market, but success will depend on navigating regulatory landscapes and differentiating from competitors.