Able Innovations

Able Innovations

Independence and dignity through innovation.

Founded 2018 Canada

Toronto, Canada 27 employees Grant Total: $9.50M Computer Vision, Health Care +2

Able Innovations is a Canadian startup with the mission to bring independence and dignity through innovation in the healthcare sector. The company was founded in 2018 and operates in the industries of Computer Vision, Health Care, and Robotics. Able Innovations is addressing the critical issue of patient transfer in healthcare by developing advanced medical devices. The current patient transfer equipment is not only inefficient but also unsafe, leading to a high rate of injuries for care workers and patients. This inefficiency also leads to a drain on labor resources, costing hospitals billions of dollars annually. The recent grant investment received by Able Innovations on 10 January 2023 from FedDev demonstrates the recognition and support for the company's innovative solutions. The company aims to enhance the quality of care provision, improve clinical throughput across healthcare facilities, and provide a safe and dignified care experience for patients and caregivers. By addressing these challenges, Able Innovations is positioning itself as a significant player in revolutionizing patient transfer in the healthcare sector, ultimately driving positive impact and efficiency within the industry. For more information, visit Able Innovations' YouTube channel: https://youtube.com/@ableinnovations6063?si=CW2UPfkNRhoFsCue.

Funding Stage	Amount	Investors	Lead Investors	Date
Grant	Undisclosed	1	FedDev	10 Jan 2023
Grant	$2.50M	-		13 Jun 2022
Seed Round	$3.50M	5	Velocity, Ontario Centres of Excellence +3	13 Jun 2022
Seed Round	$2.00M	-		01 Mar 2022
Seed Round	$1.50M	2	Velocity, NEXT Canada	22 Jun 2020

Funding Stage

Amount

Investors

Lead Investors

Date

Grant

Undisclosed

FedDev

10 Jan 2023

Grant

$2.50M

13 Jun 2022

Seed Round

$3.50M

Velocity, Ontario Centres of Excellence +3

13 Jun 2022

Seed Round

$2.00M

01 Mar 2022

Seed Round

$1.50M

Velocity, NEXT Canada

22 Jun 2020

FAQ About Able Innovations

Independence and dignity through innovation.

Able Innovations was founded in 2018.

Able Innovations is headquartered in Toronto, Canada.

Able Innovations operates in Computer Vision, Health Care, Medical Devices and Robotics. Its work centres on patient transfer, dignified care, innovative healthcare and patient safety.

Able Innovations has approximately 27 employees.

Able Innovations has completed 5 funding rounds, raising a total of $9.50M. The latest funding stage is Grant.

Top alternatives and competitors to Able Innovations include GlucoSet, Masimo, HAI Solutions, Hubly Surgical, Trice Medical. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.

Able Innovations and GlucoSet are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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