The company has developed the GALEN platform for treatment diagnosis and planning, plus products such as First Read and Second Read that use AI technology for cancer diagnosis based on pathological image analysis. Ibex's AI algorithms are developed from rich datasets extracted from over 10 million slides from multiple pathology institutes and are trained by teams of expert pathologists using deep learning technologies.
Cyborg Score Rationale
The company raised $55 million in Series C funding in September 2023, led by 83NORTH and including Sienna Venture Capital and existing investors Octopus Ventures, aMoon Fund, Planven Entrepreneur Ventures, and Dell Technologies Capital. The company demonstrates clinical traction through multiple deployments and regulatory approvals in international markets, with strong revenue traction supporting long-term viability.
Top Insights
Ibex was founded in 2016 by Joseph Mossel and Chaim Linhart and is based in Tel Aviv, Israel.
Ibex Medical Analytics has grown to $15.8M in revenue with 105 employees.
The company's suite of solutions is the first and most widely deployed AI-technology in pathology and is used as part of everyday routine, supporting pathologists and providers worldwide.
Top competitors include PAIGE, Aignostics and Onc.ai.
Named Competitors
PathAI — AI platform for disease diagnosis and treatment effectiveness in cancer
Proscia — Digital pathology software and AI applications for anatomic pathology labs
Aignostics — AI-powered digital pathology analytics platform
Onc.ai — AI-enabled oncology insights for pathology
Mindpeak — AI-powered digital pathology analytics platform
Akoya Biosciences — AI platform for spatial biology and pathology image analysis
Recent Developments
(September 2023) Raised $55 million Series C funding led by 83NORTH
(March 2025) Expanded partnership with Philips to enhance AI-enabled accessibility
(March 2026) First clinical deployment of Ibex Prostate for TURP announced with CorePlus
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