Paragate Medical
Implantable Device for outpatient Chronic Heart Failure treatment and elimination of hospitalization
Company Overview
Snapshot
Founded in January 2016 by Nitai Hanani and Dr. Yair Feld, Paragate Medical operates with 11–50 employees. The company has raised $10.64M across 6 funding rounds from 2 investors. In May 2025, Paragate Medical secured a grant from the Israel Innovation Authority.
Business overview
Paragate Medical is a clinical-stage company developing a disruptive outpatient treatment solution for chronic heart failure. The company's core technology is an implanted, connected device designed to continuously remove excess fluid and salt from patients, clearing them to the bladder. This personalized, precise treatment aims to provide decongestion without patient involvement, thereby reducing recurring hospital admissions for congested chronic heart failure patients. Paragate Medical serves the healthcare industry, specifically targeting hospitals and payors by addressing the significant costs associated with heart failure hospitalizations, operating within the Medical Devices, Medical Treatment & Therapeutics, Digital Healthcare, and Patient Remote Monitoring sectors.
Strategic signal
In November 2023, Paragate Medical's innovative technology was highlighted at the TCT 2023 Shark Tank Innovation Competition, showcasing its potential to disrupt cardiovascular medicine. This recognition signals strong validation of the company's approach to chronic heart failure treatment and indicates a forward trajectory in gaining industry attention and potential adoption for its implantable device.
Company Intelligence Q&A
- When was Paragate Medical founded?
- Paragate Medical was founded in January 2016.
- What is Paragate Medical's primary focus?
- Paragate Medical focuses on developing an implantable device for outpatient treatment of chronic heart failure, aiming to eliminate hospitalizations by continuously removing excess fluid and salt.
- Has Paragate Medical received any grants recently?
- In May 2025, Paragate Medical secured a grant from the Israel Innovation Authority. Additionally, in August 2023, the company received a grant from the European Union’s EIC Fund.
- What was a notable achievement for Paragate Medical in 2023?
- In November 2023, Paragate Medical's technology was featured at the TCT 2023 Shark Tank Innovation Competition, highlighting its disruptive potential in cardiovascular medicine.
- Who are the founders of Paragate Medical?
- Paragate Medical was co-founded by Nitai Hanani and Dr. Yair Feld.