Medtronic to Buy Israeli AI-health Startup Nutrino

U.S.-Irish company will use acquisition to help people who have diabetes with nutritional issues

Ruti Levy
Ruti Levy
Send in e-mailSend in e-mail
Nutrino senior staff.
Nutrino senior staff.Credit: Nurtrino Health Ltd
Ruti Levy
Ruti Levy

Medtronic, the U.S.-Irish medical technology company, said Thursday it was buying the Israeli startup Nutrino Health, which uses artificial intelligence to analyze how a person’s nutritional intake affects his or her health.

Medtronic said Nutrino’s technology will focus on diabetes, where food and nutrition are critical to effective disease management. In addition, by combining Nutrino’s algorithms to predict glycemic responses to food with continuous glucose monitoring, Medtronic said it hopes to reduce the physical and mental burden of nutrition management for people with diabetes.

“Bringing Nutrino and their nutrition-related expertise into our organization will give us a substantial differentiator in the diabetes industry and accelerate our progress to help people with diabetes live with greater freedom and better health,” said Hooman Hakami, executive vice president and president of Medtronic’s Diabetes Group.

The acquisition was the second in Israel announced in the last two months by Medtronic, which agreed in September to buy the surgical device maker Mazor Robotics for $1.6 billion. Sources at Nutrino told TheMarker that Medtronics was exploring a third Israeli acquisition.

Founded in 2011 and led by CEO Yael Glassman, Nutrino has raised $10 million and employs 25 people — 23 in Tel Aviv and two in San Francisco. Nutrino and Medtronic have cooperated on projects for two years.

Medtronic is a major player in Israeli high-tech, with three research and development centers employing 800 people. The latest acquisitions will increase its local workforce to more than 1,000.

Comments

SUBSCRIBERS JOIN THE CONVERSATION FASTER

Automatic approval of subscriber comments.
From $1 for the first month

SUBSCRIBE
Already signed up? LOG IN

ICYMI

Charles Lindbergh addressing an America First Committee rally on October 3, 1941.

Ken Burns’ Brilliant ‘The U.S. and the Holocaust’ Has Only One Problem

The projected rise in sea level on a beach in Haifa over the next 30 years.

Facing Rapid Rise in Sea Levels, Israel Could Lose Large Parts of Its Coastline by 2050

Tal Dilian.

As Israel Reins in Its Cyberarms Industry, an Ex-intel Officer Is Building a New Empire

Queen Elizabeth II, King Charles III and a British synagogue.

How the Queen’s Death Changes British Jewry’s Most Distinctive Prayer

Newly appointed Israeli ambassador to Chile, Gil Artzyeli, poses for a group picture alongside Rabbi Yonatan Szewkis, Chilean deputy Helia Molina and Gerardo Gorodischer, during a religious ceremony in a synagogue in Vina del Mar, Chile last week.

Chile Community Leaders 'Horrified' by Treatment of Israeli Envoy

Queen Elizabeth attends a ceremony at Windsor Castle, in June 2021.

Over 120 Countries, but Never Israel: Queen Elizabeth II's Unofficial Boycott