Illumigyn

Company Overview

Snapshot

Founded in December 2012 by Ran Poliakine and Lior Greenstein, Illumigyn operates with 11–50 employees. The company has raised $38 million across two funding rounds from two investors. In November 2021, Illumigyn secured a significant funding round, with The Yozma Group participating.

Business overview

Illumigyn develops technology for the gynecology sector, offering a comprehensive cloud-based platform centered around its FDA-cleared Gynescope System. This system utilizes novel technology to produce high-resolution digital images with superior magnification, aiming to enhance diagnostic accuracy. The images are uploaded to a cloud platform for remote viewing and analysis by medical professionals, and the system incorporates AI clinical decision support software to provide immediate second opinions. Illumigyn serves the women's health market, operating within the Health Tech & Life Sciences sector, specifically focusing on Digital Healthcare and Medical Devices, with an emphasis on diagnostics and prevention.

Strategic signal

In November 2021, Illumigyn partnered with Peramare Enterprises Ltd., supported by Afreximbank, to deploy its gynecological imaging system and cloud-based platform across Africa. This strategic partnership signals a significant expansion into emerging markets, demonstrating the company's commitment to making women's health technology accessible and affordable globally. For investors, this indicates a strong focus on market penetration and impact, leveraging strategic alliances to scale its innovative solutions in underserved regions.

Company Intelligence Q&A

What is Illumigyn's core product?

Illumigyn's core product is the Gynescope System, an FDA-cleared gynecology endoscope and cloud platform service that creates high-resolution digital images for improved diagnostic accuracy and remote analysis.

When was Illumigyn founded and by whom?

Illumigyn was founded in December 2012 by Ran Poliakine and Lior Greenstein.

What significant partnership did Illumigyn announce in November 2021?

In November 2021, Illumigyn partnered with Peramare Enterprises Ltd., with support from Afreximbank, to deploy its gynecological imaging system and cloud-based platform throughout Africa.

What was a key development for Illumigyn in August 2021?

In August 2021, Illumigyn signed a Memorandum of Understanding (MoU) to deploy 2,500 units of its gynecology endoscope cloud platform in the UAE.

Which investors participated in Illumigyn's November 2021 funding round?

In November 2021, Illumigyn raised funding from investors including The Yozma Group.