Astek Diagnostics Analysis: $2M Raised
What is Astek Diagnostics?
Astek Diagnostics develops JIDDU, a benchtop clinical diagnostics platform for urinary tract infections. The company says the system confirms bacterial infection and antibiotic susceptibility in one hour using microfluidics and fluorescent detection. Its longer-term roadmap extends the same approach to CSF, effluent, and blood samples.
Location
Baltimore, United States
Employees
1-10
Founded
2020
Revenue
$1-5M
Product Features & Capabilities
- 1-hour UTI detection, antibiotic sensitivity indication, rapid confirmation of urinary tract infections, actionable results, universal diagnostic system for multiple sample types (urine, CSF, effluent, blood).
How much Astek Diagnostics raised
1 - $2 million
Not specifiedLead Investor: Not specified
Investors
- TEDCO
- She's Independent
- Y Combinator
- AYANA Capital
- Wexford SciTech Venture Fund
- Harvard Management Seed Capital
- National Science Foundation
- MedTech Innovator
Business Model
Revenue from diagnostic tests and potential partnerships with healthcare providers and institutions.
Competitors Overview
Astek Diagnostics operates in the clinical diagnostics market, focusing on rapid testing for urinary tract infections (UTIs) and antibiotic sensitivity. Its main competitors include:
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Bainbridge Health: While specific details about their offerings were not found, they are noted as a competitor in the diagnostics space.
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Trice Medical: No specific information was retrieved about their diagnostics capabilities, but they are recognized as a competitor.
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Instadiagnostics: This company is developing a point-of-care (POC) diagnostic technology platform that allows healthcare professionals to perform a variety of tests, including blood, saliva, swab, and urine tests, at the clinic level. Their focus on user-friendly systems may provide an advantage in accessibility and ease of use compared to Astek's JIDDU system.
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MedCare Global: Primarily focused on providing healthcare services rather than diagnostics, they are mentioned as a competitor but do not directly compete in the UTI testing market.
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Sonara Health: They offer a platform that provides real-time patient insights, which can enhance clinical decision-making and patient care. This capability may give them an edge in patient management compared to Astek's focus on rapid diagnostics.
Overall, Astek Diagnostics' JIDDU system aims to provide rapid results within one hour, which is a significant advantage in urgent care settings, but competitors like Instadiagnostics and Sonara Health may offer complementary technologies that enhance overall patient care.
Market Focus
Astek Diagnostics primarily focuses on the clinical diagnostics market, specifically in developing rapid diagnostic solutions for urinary tract infections (UTIs) and antibiotic sensitivity testing.
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