Gastrointestinal

AI Integrated Wearables for Gut Health Diagnosis: Olympus Innovation Ventures Invests in Alimetry

Nearly one in 10 people suffer from chronic gut symptoms ranging from abdominal pain to chronic indigestion, nausea, and vomiting.1 The current diagnostic journey can be slow and poor for patients, causing them to suffer through this period with a reduced quality of life.

The clinician-founded team behind Alimetry recently announced the close of their Series A2 round of funding to pursue broad commercialization of their AI-powered, wearable device. The Alimetry device is designed to be used as an aid in the diagnosis of gut disorders that have proven difficult to solve using conventional diagnostics and testing.

Olympus Innovation Ventures (OIV) joined GD1, Icehouse Ventures, and the American Gastroenterological Associations GI Opportunity Fund in an oversubscribed Series A2 financing round that will enable Alimetry to expand its market presence the U.S.

Alimetry was designed to introduce clarity into a field that has involved lengthy, uncertain diagnostic journeys. It gives clinicians the tools they need to quickly and correctly diagnose patients so that we can move on from trial and error - and guesswork - into clarity of care and personalized medicine.”


“Alimetry was designed to introduce clarity into a field that has involved lengthy, uncertain diagnostic journeys. It gives clinicians the tools they need to quickly and correctly diagnose patients so that we can move on from trial and error - and guesswork - into clarity of care and personalized medicine,” explains Alimetry CEO and Co-founder Dr. Greg O’Grady, who is also a Professor of Surgery at the University of Auckland.

How it works

Like the heart, the gut produces electrical current, but these are 100 times weaker than the heart. Alimetry’s highly sensitive wearable device detects these electrical currents from the skin’s surface (called Body Surface Gastric Mapping), similar to an ultra-high-resolution electrocardiogram (ECG). Recordings of these signals are taken while patients eat and digest a meal. At the same time, patients log their symptoms into an app. 

The device sends the patient's gastric electrophysiology to the cloud where advanced, AI-powered analysis is performed using smart algorithms based on thousands of diverse and representative test cases used to train and improve benchmarking. The resulting auto-generated Gastric Alimetry Report provides clinicians with objective, data-driven insights to inform their interpretation and aid the diagnosis and personalized treatment of gastric disorders.

Early uptake following regulatory approval

Alimetry’s device and platform have been cleared for clinical use in the U.S. since 2022 and adopted by over 40 hospitals and clinics worldwide as part of initial controlled release, according to the company.

With this round of funding, Alimetry looks to capitalize on increased adoption by a growing cohort of U.S. hospitals. This adoption is driven by Alimetry receiving its fourth U.S. regulatory clearance, the establishment of a CPT III reimbursement code, and the completion of over 30 clinical studies.

Read more in their press release.
 

 

 1 Francis P, Zavala SR. Functional Dyspepsia. [Updated 2024 Jun 8]. In: StatPearls [Internet]. Treasure Island (FL): StatPearls Publishing; 2024 Jan. Available from: https://www.ncbi.nlm.nih.gov/books/NBK554563/ 

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